Pathstone Holdings LLC Cuts Stock Holdings in XPO, Inc. (NYSE:XPO)

Pathstone Holdings LLC lowered its stake in XPO, Inc. (NYSE:XPO) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,631 shares of the transportation company’s stock after selling 526 shares during the period. Pathstone Holdings LLC’s holdings in XPO were worth $2,863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. ORG Wealth Partners LLC purchased a new position in XPO in the 3rd quarter worth approximately $25,000. Blue Trust Inc. raised its holdings in XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after buying an additional 258 shares during the last quarter. Quest Partners LLC purchased a new stake in XPO during the 2nd quarter valued at $28,000. International Assets Investment Management LLC purchased a new stake in XPO during the 2nd quarter valued at $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in XPO in the 2nd quarter worth $37,000. Institutional investors own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

XPO has been the subject of a number of analyst reports. TD Cowen increased their target price on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. cut their price objective on XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research report on Friday, September 6th. Wells Fargo & Company upped their target price on XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Citigroup lifted their price target on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Stifel Nicolaus upped their price objective on shares of XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $141.13.

XPO Price Performance

Shares of NYSE XPO opened at $151.66 on Tuesday. The company has a 50 day simple moving average of $124.64 and a two-hundred day simple moving average of $115.12. XPO, Inc. has a fifty-two week low of $78.72 and a fifty-two week high of $156.85. The company has a market capitalization of $17.65 billion, a price-to-earnings ratio of 49.08, a P/E/G ratio of 2.24 and a beta of 2.07. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the company earned $0.88 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that XPO, Inc. will post 3.62 EPS for the current fiscal 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.