Gateway Investment Advisers LLC Trims Stock Holdings in XPO, Inc. (NYSE:XPO)

Gateway Investment Advisers LLC lowered its stake in XPO, Inc. (NYSE:XPO) by 26.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,058 shares of the transportation company’s stock after selling 8,470 shares during the quarter. Gateway Investment Advisers LLC’s holdings in XPO were worth $3,024,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of XPO. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of XPO by 302.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,275 shares of the transportation company’s stock worth $167,000 after buying an additional 958 shares during the period. Grandview Asset Management LLC purchased a new position in XPO during the 4th quarter valued at about $349,000. Wedmont Private Capital acquired a new position in XPO in the 4th quarter valued at about $261,000. Hudson Valley Investment Advisors Inc. ADV purchased a new stake in XPO during the fourth quarter worth about $262,000. Finally, First Hawaiian Bank boosted its stake in shares of XPO by 51.7% in the fourth quarter. First Hawaiian Bank now owns 14,460 shares of the transportation company’s stock valued at $1,896,000 after purchasing an additional 4,928 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

XPO has been the subject of several recent research reports. Jefferies Financial Group raised their price target on shares of XPO from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. upped 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. Wells Fargo & Company decreased their price objective on XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Stephens reaffirmed an “overweight” rating and issued a $165.00 target price on shares of XPO in a report on Wednesday, December 4th. Finally, Stifel Nicolaus downgraded shares of XPO from a “buy” rating to a “hold” rating and dropped their price objective for the company from $131.00 to $124.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.71.

XPO Stock Performance

Shares of XPO opened at $137.82 on Friday. The company’s 50 day simple moving average is $144.69 and its 200-day simple moving average is $124.90. XPO, Inc. has a 12-month low of $81.19 and a 12-month high of $161.00. The firm has a market cap of $16.04 billion, a PE ratio of 44.60, a price-to-earnings-growth ratio of 1.70 and a beta of 2.11. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last posted its quarterly earnings data 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 company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. XPO’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 earnings per share. As a group, equities analysts predict that XPO, Inc. will post 3.6 EPS 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.