Financial Partners Group LLC Sells 7,719 Shares of XPO, Inc. (NYSE:XPO)

Financial Partners Group LLC decreased its position in shares of XPO, Inc. (NYSE:XPO) by 81.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,775 shares of the transportation company’s stock after selling 7,719 shares during the quarter. Financial Partners Group LLC’s holdings in XPO were worth $233,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. D1 Capital Partners L.P. grew its holdings in shares of XPO by 84.2% in 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 buying an additional 2,153,042 shares during the period. State Street Corp lifted its holdings in XPO by 1.1% during the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock worth $373,903,000 after acquiring an additional 37,486 shares in the last quarter. Clearbridge Investments LLC grew its stake in XPO by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after acquiring an additional 253,519 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of XPO by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock worth $165,299,000 after acquiring an additional 10,318 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of XPO by 36.2% during the third quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock worth $75,131,000 after purchasing an additional 185,686 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Price Performance

Shares of XPO opened at $138.77 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. The company’s fifty day simple moving average is $143.83 and its 200 day simple moving average is $125.68. XPO, Inc. has a 1-year low of $82.78 and a 1-year high of $161.00. The company has a market cap of $16.15 billion, a price-to-earnings ratio of 44.91, a PEG ratio of 1.79 and a beta of 2.11.

XPO (NYSE:XPO) last released its quarterly earnings data 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 net margin of 4.57% and a return on equity of 31.16%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the business earned $0.88 EPS. XPO’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, research analysts forecast that XPO, Inc. will post 3.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on XPO. Benchmark increased their target price on XPO from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Oppenheimer raised their price objective on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price objective on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Stephens reiterated an “overweight” rating and set a $165.00 target price on shares of XPO in a report on Wednesday, December 4th. Finally, Citigroup boosted 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.06.

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.