Concentric Capital Strategies LP Decreases Stock Position in XPO, Inc. (NYSE:XPO)

Concentric Capital Strategies LP lessened its holdings in XPO, Inc. (NYSE:XPO) by 52.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,175 shares of the transportation company’s stock after selling 27,873 shares during the quarter. Concentric Capital Strategies LP’s holdings in XPO were worth $2,707,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Citigroup raised their target price on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Wells Fargo & Company raised their price objective on XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Susquehanna upped their target price on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. The Goldman Sachs Group reduced their price target on shares of XPO from $139.00 to $136.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, Benchmark restated a “buy” rating and set a $140.00 price objective on shares of XPO in a research note on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $141.13.

XPO Stock Up 1.5 %

XPO opened at $154.62 on Tuesday. The company has a fifty day moving average of $128.55 and a two-hundred day moving average of $116.50. The stock has a market capitalization of $18.00 billion, a price-to-earnings ratio of 50.04, a PEG ratio of 2.29 and a beta of 2.08. XPO, Inc. has a fifty-two week low of $78.72 and a fifty-two week high of $156.85. 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 earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.88 EPS. On average, research analysts expect that XPO, Inc. will post 3.62 earnings per share for the current 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.