Sargent Investment Group LLC Reduces Holdings in XPO, Inc. (NYSE:XPO)

Sargent Investment Group LLC lowered its stake in shares of XPO, Inc. (NYSE:XPO) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,676 shares of the transportation company’s stock after selling 205 shares during the quarter. Sargent Investment Group LLC’s holdings in XPO were worth $935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Flputnam Investment Management Co. raised its holdings in XPO by 1.9% in the third quarter. Flputnam Investment Management Co. now owns 7,773 shares of the transportation company’s stock worth $580,000 after purchasing an additional 145 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of XPO by 1.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 14,006 shares of the transportation company’s stock worth $1,046,000 after acquiring an additional 160 shares in the last quarter. CWM LLC lifted its position in XPO by 25.2% during the 4th quarter. CWM LLC now owns 796 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 160 shares during the period. M&T Bank Corp boosted its stake in XPO by 3.1% during the third quarter. M&T Bank Corp now owns 5,469 shares of the transportation company’s stock worth $408,000 after acquiring an additional 165 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in XPO by 20.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,000 shares of the transportation company’s stock worth $75,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on XPO. Barclays lifted their target price on shares of XPO from $100.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Oppenheimer upped their price target on shares of XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Stifel Nicolaus raised their price objective on shares of XPO from $77.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Morgan Stanley downgraded shares of XPO from an “equal weight” rating to an “underweight” rating and upped their target price for the stock from $75.00 to $80.00 in a research note on Monday, February 12th. Finally, Benchmark raised their price target on shares of XPO from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $111.65.

XPO Stock Performance

XPO stock traded down $7.35 during trading 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 firm has a market cap of $12.90 billion, a PE ratio of 68.88, a PEG ratio of 2.67 and a beta of 2.19. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The stock’s 50 day moving average is $121.92 and its two-hundred day moving average is $99.02. XPO, Inc. has a 52 week low of $40.69 and a 52 week high of $130.51.

XPO (NYSE:XPO) last issued its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.15. The firm had revenue of $1.94 billion for 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 business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 EPS. As a group, equities analysts anticipate that XPO, Inc. will post 3.47 earnings per share for the current year.

XPO Company Profile

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.