Redmond Asset Management LLC Cuts Stock Position in XPO, Inc. (NYSE:XPO)

Redmond Asset Management LLC lessened its holdings in shares of XPO, Inc. (NYSE:XPO) by 19.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,616 shares of the transportation company’s stock after selling 18,514 shares during the period. XPO makes up 2.5% of Redmond Asset Management LLC’s portfolio, making the stock its 2nd biggest position. Redmond Asset Management LLC owned approximately 0.07% of XPO worth $10,179,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its stake in XPO by 19.0% in the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 86 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in XPO by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock valued at $245,000 after acquiring an additional 107 shares in the last quarter. Greenleaf Trust lifted its stake 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 acquiring an additional 114 shares in the last quarter. CIBC Asset Management Inc lifted its stake in XPO by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock valued at $359,000 after acquiring an additional 116 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in XPO by 13.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,138 shares of the transportation company’s stock valued at $149,000 after acquiring an additional 138 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

XPO Stock Down 5.8 %

XPO stock opened at $124.70 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The business’s 50 day simple moving average is $139.17 and its 200 day simple moving average is $129.87. XPO, Inc. has a 1-year low of $97.03 and a 1-year high of $161.00. The firm has a market capitalization of $14.62 billion, a PE ratio of 38.61, a PEG ratio of 1.79 and a beta of 2.12.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. As a group, research analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

Wall Street Analyst Weigh In

XPO has been the topic of several research reports. Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and boosted their target price for the company from $155.00 to $180.00 in a research note on Friday, February 7th. Wells Fargo & Company dropped their price objective 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 reiterated an “overweight” rating and set a $165.00 price objective on shares of XPO in a research note on Wednesday, December 4th. Raymond James dropped their price objective on XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Finally, Benchmark upped their price objective on XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $161.13.

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.