Securian Asset Management Inc. Sells 251 Shares of XPO, Inc. (NYSE:XPO)

Securian Asset Management Inc. lessened its stake in XPO, Inc. (NYSE:XPO) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,799 shares of the transportation company’s stock after selling 251 shares during the quarter. Securian Asset Management Inc.’s holdings in XPO were worth $1,154,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc bought a new position in shares of XPO in the fourth quarter valued at approximately $29,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of XPO in the fourth quarter valued at approximately $42,000. Cullen Frost Bankers Inc. lifted its holdings in shares of XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 130 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 76 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of XPO in the third quarter valued at approximately $57,000. Institutional investors own 97.73% of the company’s stock.

XPO Price Performance

Shares of NYSE XPO opened at $107.19 on Friday. The stock has a market cap of $12.57 billion, a PE ratio of 33.18, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. XPO, Inc. has a fifty-two week low of $97.03 and a fifty-two week high of $161.00. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a fifty day moving average of $131.28 and a 200-day moving average of $129.64.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Equities research analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Truist Financial started coverage on XPO in a report on Thursday. They issued a “buy” rating and a $130.00 target price on the stock. Oppenheimer lifted their price target on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lifted their price target on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Bank of America dropped their price target on XPO from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft started coverage on XPO in a report on Friday, March 7th. They set a “buy” rating and a $156.00 price target on the stock. Nineteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $158.47.

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.