Retirement Systems of Alabama Sells 4,508 Shares of XPO, Inc. (NYSE:XPO)

Retirement Systems of Alabama decreased its stake in shares of XPO, Inc. (NYSE:XPO) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 247,497 shares of the transportation company’s stock after selling 4,508 shares during the period. Retirement Systems of Alabama’s holdings in XPO were worth $32,459,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in XPO. D1 Capital Partners L.P. boosted its position in 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 purchasing an additional 2,153,042 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of XPO by 239.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock valued at $59,486,000 after purchasing an additional 390,320 shares during the period. Holocene Advisors LP lifted its holdings in shares of XPO by 61.2% in the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock worth $73,529,000 after buying an additional 259,727 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in XPO by 36.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock valued at $75,131,000 after purchasing an additional 185,686 shares during the period. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in XPO during the third quarter worth about $18,071,000. Institutional investors own 97.73% of the company’s stock.

XPO Price Performance

Shares of NYSE:XPO opened at $136.63 on Thursday. The company has a market capitalization of $15.90 billion, a P/E ratio of 44.22, a P/E/G ratio of 1.75 and a beta of 2.12. XPO, Inc. has a 1-year low of $95.66 and a 1-year high of $161.00. The firm’s 50 day simple moving average is $141.63 and its two-hundred day simple moving average is $127.50. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company decreased their price target on shares of XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. JPMorgan Chase & Co. increased their price objective on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Barclays cut their target price on XPO from $170.00 to $165.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Oppenheimer raised their price objective on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Benchmark boosted their price objective on shares of XPO from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and an average price target of $151.06.

XPO 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.