Redmond Asset Management LLC Sells 18,514 Shares of XPO, Inc. (NYSE:XPO)

Redmond Asset Management LLC reduced its stake in shares of XPO, Inc. (NYSE:XPO) by 19.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 77,616 shares of the transportation company’s stock after selling 18,514 shares during the period. XPO makes up 2.5% of Redmond Asset Management LLC’s investment portfolio, making the stock its 2nd biggest position. Redmond Asset Management LLC’s holdings in XPO were worth $10,179,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of XPO. Versant Capital Management Inc acquired a new stake in shares of XPO during the 4th quarter worth $29,000. Brooklyn Investment Group bought a new stake in shares of XPO during the 3rd quarter worth $57,000. UMB Bank n.a. raised its position in XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 86 shares during the last quarter. Continuum Advisory LLC raised its position in XPO by 51.3% in the third quarter. Continuum Advisory LLC now owns 900 shares of the transportation company’s stock valued at $97,000 after purchasing an additional 305 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in XPO in the third quarter valued at about $108,000. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Trading Down 5.8 %

Shares of XPO stock opened at $124.70 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a 52 week low of $97.03 and a 52 week high of $161.00. The stock has a 50 day moving average price of $139.17 and a two-hundred day moving average price of $129.87. The stock has a market capitalization of $14.62 billion, a PE ratio of 38.61, a price-to-earnings-growth ratio of 1.79 and a beta of 2.12.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. As a group, equities analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on XPO. Jefferies Financial Group increased their target price on XPO from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Stephens reissued an “overweight” rating and issued a $165.00 price target on shares of XPO in a research note on Wednesday, December 4th. Raymond James decreased their price target on XPO from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, February 7th. Citigroup increased their price target on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. increased their price target on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $161.13.

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.