Maryland State Retirement & Pension System Sells 401 Shares of XPO, Inc. (NYSE:XPO)

Maryland State Retirement & Pension System decreased its holdings in shares of XPO, Inc. (NYSE:XPO) by 6.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,103 shares of the transportation company’s stock after selling 401 shares during the period. Maryland State Retirement & Pension System’s holdings in XPO were worth $800,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Larson Financial Group LLC grew its position in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 76 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of XPO by 19.0% in 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. First Eagle Investment Management LLC increased its stake in XPO by 1.3% in the 4th quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company’s stock worth $1,044,000 after buying an additional 100 shares during the period. Coldstream Capital Management Inc. lifted its holdings in XPO by 5.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock valued at $245,000 after buying an additional 107 shares in the last quarter. Finally, Greenleaf Trust boosted its position in XPO by 5.0% in the 4th quarter. Greenleaf Trust now owns 2,374 shares of the transportation company’s stock valued at $311,000 after buying an additional 114 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Up 0.5 %

XPO stock opened at $108.49 on Monday. XPO, Inc. has a 1-year low of $97.03 and a 1-year high of $161.00. The business has a fifty day moving average price of $128.54 and a 200-day moving average price of $129.64. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of 33.59, a PEG ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share 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%. Equities research analysts forecast that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO David J. Bates purchased 1,880 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $106.16 per share, with a total value of $199,580.80. Following the completion of the acquisition, the chief operating officer now owns 21,106 shares in the company, valued at approximately $2,240,612.96. This represents a 9.78 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on XPO shares. Benchmark raised their target price on shares of XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company decreased their target price on XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. UBS Group increased their price target on XPO from $159.00 to $170.00 and gave the stock a “buy” rating 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 price target on the stock in a research note on Monday, February 24th. Finally, The Goldman Sachs Group upped their price objective on shares of XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO has an average rating of “Buy” and an average price target of $158.47.

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.