XPO, Inc. (NYSE:XPO) Shares Sold by Fred Alger Management LLC

Fred Alger Management LLC lessened its stake in shares of XPO, Inc. (NYSE:XPO) by 28.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,573 shares of the transportation company’s stock after selling 4,148 shares during the quarter. Fred Alger Management LLC’s holdings in XPO were worth $1,137,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. D1 Capital Partners L.P. lifted its stake in shares of XPO by 84.2% in the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after acquiring an additional 2,153,042 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in XPO by 1.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,534 shares of the transportation company’s stock worth $2,745,000 after purchasing an additional 381 shares during the last quarter. Forest Avenue Capital Management LP increased its holdings in XPO by 22.6% during the 3rd quarter. Forest Avenue Capital Management LP now owns 356,211 shares of the transportation company’s stock worth $38,296,000 after purchasing an additional 65,742 shares during the last quarter. Townsquare Capital LLC acquired a new position in shares of XPO in the 3rd quarter valued at approximately $232,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of XPO by 25.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 27,648 shares of the transportation company’s stock valued at $2,972,000 after buying an additional 5,680 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research note on Monday, October 21st. TD Cowen increased their target price on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Citigroup boosted their price target on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Barclays raised their price objective on XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group lowered their target price on shares of XPO from $139.00 to $136.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.13.

XPO Price Performance

NYSE XPO opened at $152.41 on Monday. XPO, Inc. has a 12 month low of $78.72 and a 12 month high of $156.85. The firm has a market capitalization of $17.74 billion, a PE ratio of 49.32, a P/E/G ratio of 2.29 and a beta of 2.07. The company’s 50 day simple moving average is $127.72 and its 200 day simple moving average is $116.20. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the firm earned $0.88 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities research analysts forecast that XPO, Inc. will post 3.62 EPS for the current fiscal 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.