Redmond Asset Management LLC Lowers Holdings in XPO, Inc. $XPO

Redmond Asset Management LLC trimmed its stake in XPO, Inc. (NYSE:XPO) by 27.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,890 shares of the transportation company’s stock after selling 20,908 shares during the period. XPO comprises about 1.9% of Redmond Asset Management LLC’s investment portfolio, making the stock its 10th largest position. Redmond Asset Management LLC’s holdings in XPO were worth $7,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp grew its position in XPO by 100.0% in the fourth quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Elyxium Wealth LLC bought a new stake in XPO in the fourth quarter valued at $28,000. Root Financial Partners LLC bought a new stake in XPO in the third quarter valued at $32,000. Torren Management LLC bought a new stake in XPO in the fourth quarter valued at $37,000. Finally, International Assets Investment Management LLC bought a new stake in XPO in the fourth quarter valued at $41,000. 97.73% of the stock is currently owned by institutional investors.

XPO Trading Up 1.0%

Shares of XPO opened at $212.78 on Thursday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. XPO, Inc. has a 12-month low of $110.78 and a 12-month high of $231.46. The firm has a market capitalization of $24.98 billion, a PE ratio of 72.87, a price-to-earnings-growth ratio of 2.47 and a beta of 1.87. The stock’s fifty day simple moving average is $205.63 and its 200-day simple moving average is $176.50.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts predict that XPO, Inc. will post 4.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on XPO shares. Susquehanna cut XPO from a “positive” rating to a “neutral” rating and increased their target price for the stock from $160.00 to $210.00 in a report on Wednesday, February 11th. UBS Group set a $210.00 target price on XPO and gave the stock a “buy” rating in a report on Friday, February 6th. Barclays increased their target price on XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Oppenheimer increased their target price on XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Finally, Zacks Research upgraded XPO from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.24.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.