XPO, Inc. $XPO Stock Holdings Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System cut its stake in shares of XPO, Inc. (NYSE:XPO) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,101 shares of the transportation company’s stock after selling 2,898 shares during the quarter. New York State Teachers Retirement System owned 0.09% of XPO worth $14,031,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SouthState Corp purchased a new stake in shares of XPO during the first quarter valued at $25,000. RMG Wealth Management LLC acquired a new stake in XPO during the 2nd quarter worth about $26,000. MassMutual Private Wealth & Trust FSB lifted its stake in XPO by 46.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock valued at $44,000 after buying an additional 111 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of XPO by 63.2% in the second quarter. Farther Finance Advisors LLC now owns 426 shares of the transportation company’s stock worth $54,000 after buying an additional 165 shares during the period. Finally, Cullen Frost Bankers Inc. increased its position in shares of XPO by 65.7% in the first quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company’s stock worth $57,000 after acquiring an additional 209 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Performance

XPO stock opened at $129.74 on Friday. The firm has a 50 day moving average of $130.35 and a two-hundred day moving average of $121.78. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The company has a market capitalization of $15.28 billion, a price-to-earnings ratio of 44.89, a P/E/G ratio of 2.61 and a beta of 1.95. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88.

XPO (NYSE:XPO) last released its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. The business had revenue of ($2,243.00) million for the quarter. As a group, equities analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Insider Buying and Selling at XPO

In other XPO news, Director Allison Landry sold 3,250 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the sale, the director owned 5,875 shares of the company’s stock, valued at $793,360. The trade was a 35.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on XPO. Raymond James Financial upped their price target on shares of XPO from $132.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday. Citigroup raised their target price on XPO from $152.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Morgan Stanley lowered their price target on XPO from $84.00 to $83.00 and set an “underweight” rating on the stock in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of XPO in a report on Wednesday, October 8th. Finally, Barclays raised their price target on shares of XPO from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Nineteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

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.