XPO, Inc. $XPO Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC lessened its position in shares of XPO, Inc. (NYSE:XPO) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,798 shares of the transportation company’s stock after selling 2,692 shares during the period. XPO makes up approximately 2.4% of Redmond Asset Management LLC’s investment portfolio, making the stock its 4th largest position. Redmond Asset Management LLC owned about 0.06% of XPO worth $9,798,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its stake in XPO by 23.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 82 shares during the period. Archer Investment Corp lifted its holdings in shares of XPO by 9.6% during the third quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock worth $120,000 after buying an additional 82 shares in the last quarter. Bayforest Capital Ltd boosted its position in shares of XPO by 72.8% in the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 83 shares during the period. Bessemer Group Inc. grew its stake in shares of XPO by 21.6% in the third quarter. Bessemer Group Inc. now owns 490 shares of the transportation company’s stock valued at $63,000 after acquiring an additional 87 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in XPO by 35.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

XPO Trading Up 1.8%

Shares of XPO stock opened at $204.87 on Wednesday. The firm has a market capitalization of $24.00 billion, a PE ratio of 77.31, a price-to-earnings-growth ratio of 2.64 and a beta of 2.01. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75. The firm’s 50 day moving average is $161.95 and its 200 day moving average is $143.47. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $212.71.

XPO (NYSE:XPO) last issued its earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. XPO had a net margin of 3.87% and a return on equity of 25.07%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the business posted $0.89 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

XPO has been the topic of a number of analyst reports. Evercore set a $200.00 target price on shares of XPO in a research report on Friday, February 6th. TD Cowen reaffirmed a “buy” rating on shares of XPO in a report on Friday, February 6th. The Goldman Sachs Group reissued a “buy” rating and set a $180.00 target price on shares of XPO in a report on Thursday, February 5th. JPMorgan Chase & Co. boosted their price target on XPO from $160.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of XPO in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $178.32.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.