Algert Global LLC Has $4.67 Million Stake in XPO, Inc. (NYSE:XPO)

Algert Global LLC lessened its position in shares of XPO, Inc. (NYSE:XPO) by 13.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,395 shares of the transportation company’s stock after selling 6,610 shares during the period. Algert Global LLC’s holdings in XPO were worth $4,665,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in shares of XPO in the 3rd quarter worth about $25,000. Blue Trust Inc. increased its holdings in XPO by 25,800.0% in the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after purchasing an additional 258 shares in the last quarter. Quest Partners LLC acquired a new position in XPO in the second quarter valued at approximately $28,000. International Assets Investment Management LLC acquired a new position in XPO in the second quarter valued at approximately $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of XPO during the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on XPO shares. Wells Fargo & Company boosted their target price on shares of XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. cut their price objective on shares of XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research report on Friday, September 6th. Stephens restated an “overweight” rating and issued a $150.00 target price on shares of XPO in a research note on Thursday, September 5th. Oppenheimer reiterated an “outperform” rating and issued a $140.00 target price on shares of XPO in a report on Friday, October 4th. Finally, Evercore ISI reduced their price target on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.13.

XPO Price Performance

XPO opened at $148.97 on Monday. XPO, Inc. has a fifty-two week low of $78.72 and a fifty-two week high of $156.85. The firm has a 50-day moving average of $123.80 and a 200 day moving average of $114.85. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $17.34 billion, a P/E ratio of 48.21, a PEG ratio of 2.24 and a beta of 2.07.

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

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.