Fulcrum Asset Management LLP decreased its holdings in shares of XPO, Inc. (NYSE:XPO – Free Report) by 37.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,280 shares of the transportation company’s stock after selling 3,790 shares during the period. Fulcrum Asset Management LLP’s holdings in XPO were worth $1,114,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Compass Wealth Management LLC bought a new position in shares of XPO during the 3rd quarter valued at $26,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of XPO in the 2nd quarter valued at $32,000. Transamerica Financial Advisors LLC acquired a new stake in shares of XPO in the 2nd quarter valued at $32,000. Lynch Investment Planning LLC bought a new stake in XPO in the third quarter worth $33,000. Finally, Reyes Financial Architecture Inc. bought a new stake in XPO in the third quarter worth $37,000. Institutional investors and hedge funds own 97.73% of the company’s stock.
XPO Trading Up 0.2%
NYSE:XPO opened at $188.65 on Thursday. XPO, Inc. has a 12 month low of $124.82 and a 12 month high of $232.05. The firm has a market cap of $21.98 billion, a price-to-earnings ratio of 35.58, a P/E/G ratio of 1.72 and a beta of 1.87. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.52. The company’s 50 day moving average is $182.88 and its 200-day moving average is $197.64.
XPO (NYSE:XPO – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The transportation company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.12. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. XPO had a net margin of 5.69% and a return on equity of 32.80%. XPO’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 earnings per share. Equities analysts anticipate that XPO, Inc. will post 5.77 EPS for the current year.
Wall Street Analysts Forecast Growth
XPO has been the topic of several analyst reports. Citizens Jmp assumed coverage on shares of XPO in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $275.00 price target on shares of XPO in a research report on Friday, October 30th. BMO Capital Markets reaffirmed an “outperform” rating on shares of XPO in a research report on Wednesday, October 7th. Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 30th. Finally, Stephens upped their price target on XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $221.45.
Check Out Our Latest Stock Report on XPO
Insiders Place Their Bets
In other XPO news, CFO Kyle Wismans sold 750 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $191.62, for a total transaction of $143,715.00. Following the completion of the transaction, the chief financial officer owned 47,216 shares of the company’s stock, valued at $9,047,529.92. The trade was a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO David J. Bates sold 2,615 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $179.41, for a total transaction of $469,157.15. Following the sale, the chief operating officer owned 64,735 shares of the company’s stock, valued at $11,614,106.35. This trade represents a 3.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 10,095 shares of company stock worth $1,851,171 over the last quarter. 0.87% of the stock is currently owned by company insiders.
XPO Profile
XPO Inc. is a transportation company focused on less-than-truckload (LTL) shipping in North America. Its network combines freight from multiple customers into shared truckloads, serving businesses that need to ship goods too large for parcel delivery but not large enough to fill an entire trailer. The company provides pickup and delivery, linehaul transportation between service centers, and related freight-handling services. Its operations primarily serve customers in the United States, with cross-border coverage in Canada and Mexico.
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