Handelsbanken Fonder AB Cuts Holdings in XPO, Inc. (NYSE:XPO)

Handelsbanken Fonder AB trimmed its holdings in shares of XPO, Inc. (NYSE:XPO) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,400 shares of the transportation company’s stock after selling 400 shares during the period. Handelsbanken Fonder AB’s holdings in XPO were worth $1,962,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hanseatic Management Services Inc. purchased a new stake in XPO during the 3rd quarter valued at $43,000. Quent Capital LLC boosted its stake in XPO by 33.5% during the 4th quarter. Quent Capital LLC now owns 729 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 183 shares during the last quarter. Fifth Third Bancorp boosted its stake in XPO by 37.3% during the 3rd quarter. Fifth Third Bancorp now owns 732 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 199 shares during the last quarter. CWM LLC boosted its stake in XPO by 25.2% during the 4th quarter. CWM LLC now owns 796 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 160 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of XPO by 20.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,000 shares of the transportation company’s stock valued at $75,000 after buying an additional 170 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Benchmark increased their price target on XPO from $125.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Bank of America increased their price target on XPO from $137.00 to $139.00 and gave the company a “buy” rating in a report on Monday, April 15th. Stifel Nicolaus increased their price target on XPO from $77.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Raymond James increased their price target on XPO from $130.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Finally, TD Cowen increased their price target on XPO from $129.00 to $136.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $111.65.

XPO Price Performance

NYSE:XPO opened at $110.92 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The business’s 50-day simple moving average is $121.92 and its two-hundred day simple moving average is $98.87. The stock has a market cap of $12.90 billion, a PE ratio of 68.89, a P/E/G ratio of 2.84 and a beta of 2.19. XPO, Inc. has a 52 week low of $40.69 and a 52 week high of $130.51.

XPO (NYSE:XPO) last posted its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.15. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.92 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. As a group, analysts forecast that XPO, Inc. will post 3.47 EPS for the current fiscal year.

About XPO

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.