Ashton Thomas Private Wealth LLC Sells 129 Shares of XPO, Inc. (NYSE:XPO)

Ashton Thomas Private Wealth LLC cut its holdings in shares of XPO, Inc. (NYSE:XPO) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,731 shares of the transportation company’s stock after selling 129 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in XPO were worth $1,145,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in shares of XPO during the fourth quarter worth about $29,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of XPO during the fourth quarter valued at approximately $42,000. Cullen Frost Bankers Inc. raised its position in shares of XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after buying an additional 130 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of XPO in the third quarter worth $57,000. Finally, UMB Bank n.a. boosted its position in shares of XPO by 19.0% during the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after acquiring an additional 86 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XPO. The Goldman Sachs Group lifted their price target on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lifted their target price on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Stephens restated an “overweight” rating and set a $171.00 price target on shares of XPO in a report on Wednesday, March 5th. Jefferies Financial Group lifted their price objective on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, UBS Group increased their target price on XPO from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Eighteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, XPO currently has a consensus rating of “Buy” and a consensus price target of $160.89.

XPO Stock Performance

Shares of NYSE:XPO opened at $108.07 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO, Inc. has a 12 month low of $97.03 and a 12 month high of $161.00. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 1.79 and a beta of 2.13. The firm’s 50-day moving average is $133.88 and its 200 day moving average is $130.30.

XPO (NYSE:XPO) last released its earnings results 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%. Research analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

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.