XPO, Inc. (NYSE:XPO) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its stake in shares of XPO, Inc. (NYSE:XPO) by 2.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,660 shares of the transportation company’s stock after selling 1,020 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in XPO were worth $3,941,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new position in XPO during the third quarter worth $25,000. Blue Trust Inc. boosted its stake in XPO by 25,800.0% during 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 position in XPO during the second quarter worth $28,000. International Assets Investment Management LLC acquired a new position in XPO during the second quarter worth $36,000. Finally, UMB Bank n.a. boosted its stake in XPO by 356.6% during the third quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock worth $49,000 after buying an additional 353 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Price Performance

Shares of NYSE XPO opened at $156.30 on Friday. The stock’s 50-day moving average is $135.67 and its two-hundred day moving average is $118.97. 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, Inc. has a 1-year low of $80.26 and a 1-year high of $159.43. The company has a market cap of $18.19 billion, a price-to-earnings ratio of 50.62, a price-to-earnings-growth ratio of 2.40 and a beta of 2.08.

XPO (NYSE:XPO) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping 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 the consensus estimate of $2.02 billion. During the same quarter in the prior year, the business earned $0.88 EPS. XPO’s revenue was up 3.7% on a year-over-year basis. Analysts forecast that XPO, Inc. will post 3.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XPO. Stephens reaffirmed an “overweight” rating and issued a $165.00 price target on shares of XPO in a research note on Wednesday, December 4th. Citigroup upped 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. TD Cowen upped their price target on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their price target on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Susquehanna upped their price target on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, XPO currently has an average rating of “Moderate Buy” and an average target price of $147.31.

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.