Sigma Planning Corp Trims Stake in XPO, Inc. (NYSE:XPO)

Sigma Planning Corp reduced its position in shares of XPO, Inc. (NYSE:XPO) by 60.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,837 shares of the transportation company’s stock after selling 11,732 shares during the quarter. Sigma Planning Corp’s holdings in XPO were worth $686,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. CWM LLC increased its holdings in shares of XPO by 25.2% in the 4th quarter. CWM LLC now owns 796 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 160 shares during the period. Calamos Advisors LLC increased its holdings in shares of XPO by 779.3% in the 4th quarter. Calamos Advisors LLC now owns 27,821 shares of the transportation company’s stock valued at $2,437,000 after acquiring an additional 24,657 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of XPO by 10.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,228 shares of the transportation company’s stock valued at $2,210,000 after acquiring an additional 2,422 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of XPO in the 4th quarter valued at $2,855,000. Finally, Simplicity Solutions LLC purchased a new position in shares of XPO in the 4th quarter valued at $247,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XPO has been the topic of a number of analyst reports. TD Cowen lifted their price target on XPO from $129.00 to $136.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Oppenheimer raised their price objective on XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. The Goldman Sachs Group raised their price objective on XPO from $98.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. BMO Capital Markets raised their price objective on XPO from $100.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, StockNews.com cut XPO from a “hold” rating to a “sell” rating in a research report on Thursday, December 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.65.

XPO Stock Performance

Shares of XPO stock opened at $117.48 on Thursday. The stock has a market cap of $13.66 billion, a PE ratio of 72.97, a price-to-earnings-growth ratio of 2.90 and a beta of 2.19. The business has a 50-day simple moving average of $122.17 and a 200-day simple moving average of $98.51. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO, Inc. has a 52-week low of $40.69 and a 52-week high of $130.51.

XPO (NYSE:XPO) last issued its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.15. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.92 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. On average, equities analysts expect that XPO, Inc. will post 3.47 EPS for the current year.

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.