Bank of New York Mellon Corp Cuts Stock Holdings in XPO, Inc. (NYSE:XPO)

Bank of New York Mellon Corp lowered its stake in shares of XPO, Inc. (NYSE:XPO) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 781,188 shares of the transportation company’s stock after selling 13,962 shares during the quarter. Bank of New York Mellon Corp’s holdings in XPO were worth $102,453,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc bought a new stake in shares of XPO in the 4th quarter worth $29,000. Brooklyn Investment Group bought a new position in shares of XPO during the third quarter valued at about $57,000. UMB Bank n.a. boosted its holdings in 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 purchasing an additional 86 shares during the last quarter. Continuum Advisory LLC grew its position in XPO by 51.3% in the 3rd quarter. Continuum Advisory LLC now owns 900 shares of the transportation company’s stock worth $97,000 after purchasing an additional 305 shares in the last quarter. Finally, Richardson Financial Services Inc. increased its stake in XPO by 48.9% in the 4th quarter. Richardson Financial Services Inc. now owns 974 shares of the transportation company’s stock valued at $129,000 after buying an additional 320 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Performance

Shares of XPO stock opened at $122.90 on Friday. The firm’s 50 day moving average is $135.88 and its 200 day moving average is $130.45. The stock has a market capitalization of $14.41 billion, a P/E ratio of 38.05, a PEG ratio of 1.79 and a beta of 2.12. XPO, Inc. has a 12 month low of $97.03 and a 12 month high of $161.00. 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 (NYSE:XPO) last posted its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, sell-side analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

Wall Street Analyst Weigh In

XPO has been the topic of a number of research analyst reports. Wells Fargo & Company cut their target price on XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Stephens reissued an “overweight” rating and issued a $165.00 price objective on shares of XPO in a research report on Wednesday, December 4th. Susquehanna raised XPO from a “neutral” rating to a “positive” rating and raised their target price for the company from $155.00 to $180.00 in a research report on Friday, February 7th. Stifel Nicolaus upgraded XPO from a “hold” rating to a “buy” rating and set a $147.00 target price on the stock in a research note on Monday, February 24th. Finally, Citigroup increased their price target on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Sixteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $161.13.

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.