New York State Common Retirement Fund Sells 128,509 Shares of XPO, Inc. (NYSE:XPO)

New York State Common Retirement Fund trimmed its holdings in XPO, Inc. (NYSE:XPO) by 33.1% in the 4th quarter, Holdings Channel reports. The fund owned 259,746 shares of the transportation company’s stock after selling 128,509 shares during the quarter. New York State Common Retirement Fund’s holdings in XPO were worth $22,751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Flputnam Investment Management Co. boosted its position in shares of XPO by 1.9% in the third quarter. Flputnam Investment Management Co. now owns 7,773 shares of the transportation company’s stock valued at $580,000 after acquiring an additional 145 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in XPO by 1.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 14,006 shares of the transportation company’s stock worth $1,046,000 after purchasing an additional 160 shares during the period. CWM LLC lifted its position in XPO by 25.2% in the fourth quarter. CWM LLC now owns 796 shares of the transportation company’s stock worth $70,000 after purchasing an additional 160 shares during the period. M&T Bank Corp lifted its position in XPO by 3.1% in the third quarter. M&T Bank Corp now owns 5,469 shares of the transportation company’s stock worth $408,000 after purchasing an additional 165 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in XPO by 20.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,000 shares of the transportation company’s stock worth $75,000 after purchasing an additional 170 shares during the period. 97.73% of the stock is owned by institutional investors.

XPO Price Performance

Shares of XPO stock opened at $110.92 on Friday. The stock has a 50-day moving average price of $121.92 and a 200 day moving average price of $98.87. 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 firm has a market cap of $12.90 billion, a price-to-earnings ratio of 68.89, a PEG ratio of 2.84 and a beta of 2.19. XPO, Inc. has a 12 month low of $40.69 and a 12 month high of $130.51.

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Raymond James raised their target price on XPO from $130.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. The Goldman Sachs Group raised their target price on XPO from $98.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Citigroup increased their price objective on XPO from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Oppenheimer increased their price objective on XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Finally, Morgan Stanley lowered XPO from an “equal weight” rating to an “underweight” rating and increased their price objective for the stock from $75.00 to $80.00 in a research note on Monday, February 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and an average price target of $111.65.

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.