Fifth Third Wealth Advisors LLC Cuts Stock Holdings in XPO, Inc. (NYSE:XPO)

Fifth Third Wealth Advisors LLC cut its stake in XPO, Inc. (NYSE:XPO) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,397 shares of the transportation company’s stock after selling 175 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in XPO were worth $577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Coldstream Capital Management Inc. boosted its stake in shares of 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 buying an additional 107 shares during the period. CIBC Asset Management Inc lifted its stake in XPO by 3.6% in the third quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock worth $359,000 after acquiring an additional 116 shares during the last quarter. Stephens Inc. AR lifted its stake in XPO by 6.4% in the third quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock worth $256,000 after acquiring an additional 142 shares during the last quarter. Resources Management Corp CT ADV grew its holdings in XPO by 1.9% during the 2nd quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock worth $805,000 after acquiring an additional 145 shares in the last quarter. Finally, PFG Investments LLC increased its position in shares of XPO by 4.3% in the 3rd quarter. PFG Investments LLC now owns 3,482 shares of the transportation company’s stock valued at $374,000 after purchasing an additional 145 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XPO has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their price objective on shares of XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Stephens reaffirmed an “overweight” rating and set a $165.00 price target on shares of XPO in a report on Wednesday, December 4th. Barclays upped their price objective on XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Citigroup raised their target price on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company lowered their price target on XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

XPO Stock Performance

NYSE XPO opened at $138.38 on Friday. The firm has a market cap of $16.11 billion, a P/E ratio of 44.78, a P/E/G ratio of 1.70 and a beta of 2.11. XPO, Inc. has a 52-week low of $80.26 and a 52-week high of $161.00. The business’s 50-day moving average price is $144.98 and its 200 day moving average price is $124.68. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.88 EPS. On average, equities research analysts expect that XPO, Inc. will post 3.6 earnings per share for the current year.

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.