XPO, Inc. (NYSE:XPO) Stock Holdings Lowered by Cinctive Capital Management LP

Cinctive Capital Management LP trimmed its holdings in shares of XPO, Inc. (NYSE:XPO) by 10.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,156 shares of the transportation company’s stock after selling 6,069 shares during the period. Cinctive Capital Management LP’s holdings in XPO were worth $5,607,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. D1 Capital Partners L.P. lifted its position in shares of XPO by 84.2% during the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after acquiring an additional 2,153,042 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after purchasing an additional 253,519 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of XPO by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock valued at $165,299,000 after purchasing an additional 10,318 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in XPO by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock worth $159,243,000 after purchasing an additional 130,322 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in XPO by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 899,658 shares of the transportation company’s stock worth $95,499,000 after purchasing an additional 7,837 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Trading Up 1.5 %

Shares of NYSE XPO opened at $152.41 on Monday. The business has a 50 day simple moving average of $127.72 and a 200 day simple moving average of $116.20. XPO, Inc. has a 52 week low of $78.72 and a 52 week high of $156.85. The stock has a market cap of $17.74 billion, a price-to-earnings ratio of 49.32, a PEG ratio of 2.29 and a beta of 2.07. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 earnings per share. On average, research analysts predict that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on XPO. Stifel Nicolaus raised their target price on shares of XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Oppenheimer reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of XPO in a research note on Friday, October 4th. Evercore ISI cut their target price on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Susquehanna increased their target price on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Finally, Citigroup lifted their price target on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $141.13.

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.