Sigma Planning Corp Reduces Holdings in XPO, Inc. (NYSE:XPO)

Sigma Planning Corp trimmed its holdings in shares of XPO, Inc. (NYSE:XPO) by 60.0% in the fourth quarter, HoldingsChannel reports. The firm owned 7,837 shares of the transportation company’s stock after selling 11,732 shares during the period. Sigma Planning Corp’s holdings in XPO were worth $686,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its stake in XPO by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 10,794,892 shares of the transportation company’s stock worth $805,947,000 after acquiring an additional 54,528 shares during the period. Deutsche Bank AG grew its stake in XPO by 12,894.9% in the 3rd quarter. Deutsche Bank AG now owns 1,304,037 shares of the transportation company’s stock worth $97,359,000 after acquiring an additional 1,294,002 shares during the period. Invesco Ltd. grew its stake in XPO by 76.5% in the 3rd quarter. Invesco Ltd. now owns 1,258,725 shares of the transportation company’s stock worth $93,976,000 after acquiring an additional 545,485 shares during the period. Federated Hermes Inc. grew its stake in XPO by 14.1% in the 3rd quarter. Federated Hermes Inc. now owns 1,197,431 shares of the transportation company’s stock worth $89,400,000 after acquiring an additional 147,868 shares during the period. Finally, Eminence Capital LP grew its stake in XPO by 137.4% in the 3rd quarter. Eminence Capital LP now owns 1,191,311 shares of the transportation company’s stock worth $88,943,000 after acquiring an additional 689,457 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Down 2.8 %

Shares of XPO stock opened at $117.48 on Thursday. The company has a fifty day moving average price of $122.17 and a 200 day moving average price of $98.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO, Inc. has a twelve month low of $40.69 and a twelve month high of $130.51. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 72.97, a price-to-earnings-growth ratio of 2.90 and a beta of 2.19.

XPO (NYSE:XPO) last posted its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.15. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.92 billion. XPO had a net margin of 2.44% and a return on equity of 29.85%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 EPS. Equities research analysts forecast that XPO, Inc. will post 3.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on XPO shares. Benchmark lifted their target price on shares of XPO from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley cut shares of XPO from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $75.00 to $80.00 in a research note on Monday, February 12th. Susquehanna boosted their price objective on shares of XPO from $100.00 to $140.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Raymond James boosted their price objective on shares of XPO from $130.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Finally, Bank of America boosted their price objective on shares of XPO from $137.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, XPO currently has an average rating of “Moderate Buy” and a consensus target price of $111.65.

About XPO

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.