XPO, Inc. (NYSE:XPO) Holdings Cut by Cercano Management LLC

Cercano Management LLC trimmed its holdings in shares of XPO, Inc. (NYSE:XPO) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,218,925 shares of the transportation company’s stock after selling 225,141 shares during the quarter. XPO makes up approximately 9.3% of Cercano Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Cercano Management LLC owned about 2.78% of XPO worth $281,946,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Headlands Technologies LLC purchased a new position in XPO during the fourth quarter valued at approximately $69,000. Truist Financial Corp increased its holdings in XPO by 3.8% during the fourth quarter. Truist Financial Corp now owns 6,710 shares of the transportation company’s stock valued at $588,000 after buying an additional 243 shares during the period. Yousif Capital Management LLC increased its holdings in XPO by 0.4% during the fourth quarter. Yousif Capital Management LLC now owns 54,295 shares of the transportation company’s stock valued at $4,756,000 after buying an additional 193 shares during the period. GAMMA Investing LLC acquired a new stake in XPO in the fourth quarter valued at approximately $46,000. Finally, Duality Advisers LP boosted its stake in XPO by 20.4% in the fourth quarter. Duality Advisers LP now owns 42,782 shares of the transportation company’s stock valued at $3,747,000 after acquiring an additional 7,238 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on XPO. Benchmark raised their target price on shares of XPO from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Barclays raised their target price on shares of XPO from $100.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. TD Cowen lifted their price objective on shares of XPO from $129.00 to $136.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. JPMorgan Chase & Co. lifted their price objective on shares of XPO from $97.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, BMO Capital Markets lifted their price objective on shares of XPO from $100.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $111.65.

XPO Stock Performance

XPO traded down $7.35 on Friday, reaching $110.90. The stock had a trading volume of 4,820,529 shares, compared to its average volume of 1,063,648. The company has a market cap of $12.90 billion, a P/E ratio of 68.88, a price-to-earnings-growth ratio of 2.67 and a beta of 2.19. The business’s 50-day moving average price is $121.92 and its two-hundred day moving average price is $99.02. 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 12-month low of $40.69 and a 12-month high of $130.51.

XPO (NYSE:XPO) last released its earnings results on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.15. The business 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 company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 earnings per share. Sell-side analysts forecast that XPO, Inc. will post 3.47 earnings per share for the current year.

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.