Kingsview Wealth Management LLC Cuts Stake in XPO, Inc. (NYSE:XPO)

Kingsview Wealth Management LLC decreased its stake in XPO, Inc. (NYSE:XPO) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,930 shares of the transportation company’s stock after selling 214 shares during the period. Kingsview Wealth Management LLC’s holdings in XPO were worth $638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in XPO during the 3rd quarter worth approximately $25,000. Blue Trust Inc. raised its stake in shares of XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 258 shares during the period. Quest Partners LLC purchased a new stake in shares of XPO during the second quarter valued at approximately $28,000. International Assets Investment Management LLC acquired a new position in shares of XPO during the second quarter worth $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of XPO in the second quarter valued at $37,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Trading Down 0.7 %

NYSE XPO opened at $150.31 on Thursday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a one year low of $78.72 and a one year high of $156.85. The company has a 50-day simple moving average of $126.23 and a 200-day simple moving average of $115.62. The firm has a market capitalization of $17.50 billion, a PE ratio of 48.64, a price-to-earnings-growth ratio of 2.28 and a beta of 2.07.

XPO (NYSE:XPO) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. XPO’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 earnings per share. On average, equities analysts forecast that XPO, Inc. will post 3.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on XPO. Susquehanna boosted their price objective on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. Evercore ISI cut their price target on XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Oppenheimer restated an “outperform” rating and set a $140.00 price objective on shares of XPO in a research note on Friday, October 4th. Stephens restated an “overweight” rating and set a $150.00 price objective on shares of XPO in a report on Thursday, September 5th. Finally, The Goldman Sachs Group reduced their target price on XPO from $139.00 to $136.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $141.13.

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.