New York Life Investment Management LLC Has $1.59 Million Stake in XPO, Inc. (NYSE:XPO)

New York Life Investment Management LLC decreased its holdings in XPO, Inc. (NYSE:XPO) by 7.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,144 shares of the transportation company’s stock after selling 1,013 shares during the period. New York Life Investment Management LLC’s holdings in XPO were worth $1,593,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Versant Capital Management Inc acquired a new position in XPO in the fourth quarter worth approximately $29,000. Brooklyn Investment Group acquired a new position in XPO in the third quarter worth approximately $57,000. UMB Bank n.a. increased its holdings in XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after buying an additional 86 shares during the last quarter. Continuum Advisory LLC increased its holdings in XPO by 51.3% in the third quarter. Continuum Advisory LLC now owns 900 shares of the transportation company’s stock worth $97,000 after buying an additional 305 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in XPO in the third quarter worth approximately $108,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Jefferies Financial Group increased their price objective on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays dropped their price objective on XPO from $170.00 to $165.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. UBS Group increased their price objective on XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, February 7th. The Goldman Sachs Group increased their price target on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Benchmark increased their price target on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Sixteen research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $161.13.

XPO Stock Down 2.7 %

XPO opened at $119.70 on Tuesday. XPO, Inc. has a 1-year low of $97.03 and a 1-year high of $161.00. 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 stock has a market capitalization of $14.03 billion, a price-to-earnings ratio of 37.06, a P/E/G ratio of 1.79 and a beta of 2.12. The business has a 50 day moving average of $135.62 and a 200-day moving average of $130.52.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts anticipate that XPO, Inc. will post 4.15 earnings per share 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.