Teacher Retirement System of Texas Lowers Position in XPO, Inc. $XPO

Teacher Retirement System of Texas reduced its stake in XPO, Inc. (NYSE:XPO) by 26.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 15,426 shares of the transportation company’s stock after selling 5,437 shares during the period. Teacher Retirement System of Texas’ holdings in XPO were worth $1,994,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Bayforest Capital Ltd raised its stake in shares of XPO by 72.8% in the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 83 shares during the period. RMG Wealth Management LLC purchased a new stake in XPO in the second quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new position in XPO during the third quarter worth $32,000. FNY Investment Advisers LLC purchased a new position in shares of XPO during the second quarter worth $42,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after buying an additional 88 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Down 1.8%

Shares of NYSE:XPO opened at $148.26 on Friday. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $155.95. The firm’s 50 day moving average price is $144.23 and its 200 day moving average price is $135.35. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.77. The stock has a market cap of $17.40 billion, a price-to-earnings ratio of 53.33, a price-to-earnings-growth ratio of 2.75 and a beta of 2.02.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, October 30th. The transportation company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.01 by $0.06. XPO had a net margin of 4.13% and a return on equity of 26.14%. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the business posted $1.02 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts predict that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on XPO shares. Stephens reiterated an “overweight” rating and issued a $170.00 price objective on shares of XPO in a report on Tuesday, January 6th. Zacks Research cut shares of XPO from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. JPMorgan Chase & Co. lowered their price objective on shares of XPO from $163.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Rothschild Redb raised shares of XPO to a “strong-buy” rating in a research note on Wednesday, November 26th. Finally, Bank of America raised their price target on shares of XPO from $151.00 to $158.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, XPO has an average rating of “Moderate Buy” and an average price target of $153.29.

XPO Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.