Janney Capital Management LLC Sells 192 Shares of XPO, Inc. (NYSE:XPO)

Janney Capital Management LLC lessened its holdings in XPO, Inc. (NYSE:XPO) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,708 shares of the transportation company’s stock after selling 192 shares during the quarter. Janney Capital Management LLC’s holdings in XPO were worth $506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Traynor Capital Management Inc. grew its stake in shares of XPO by 125.2% during the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after acquiring an additional 13,422 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of XPO by 4.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock worth $5,364,000 after acquiring an additional 1,712 shares during the period. Westwood Holdings Group Inc. grew its stake in shares of XPO by 38.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company’s stock worth $21,782,000 after acquiring an additional 57,192 shares during the period. Hsbc Holdings PLC grew its stake in shares of XPO by 595.5% during the 2nd quarter. Hsbc Holdings PLC now owns 25,565 shares of the transportation company’s stock worth $2,718,000 after acquiring an additional 21,889 shares during the period. Finally, Comerica Bank grew its stake in shares of XPO by 10.8% during the 1st quarter. Comerica Bank now owns 54,529 shares of the transportation company’s stock worth $6,654,000 after acquiring an additional 5,336 shares during the period. Institutional investors own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Stephens reiterated an “overweight” rating and set a $150.00 price target on shares of XPO in a research note on Thursday, September 5th. TD Cowen increased their price objective on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup increased their price objective on XPO from $127.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday. Barclays increased their price objective on XPO from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Bank of America dropped their price objective on XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $138.38.

XPO Stock Performance

NYSE:XPO opened at $130.19 on Monday. The business’s 50-day moving average price is $112.67 and its two-hundred day moving average price is $111.19. XPO, Inc. has a twelve month low of $78.01 and a twelve month high of $138.71. The stock has a market cap of $15.15 billion, a P/E ratio of 42.13, a PEG ratio of 2.08 and a beta of 2.07. The company has a quick ratio of 1.00, a current ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last released its quarterly earnings results 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. The firm had revenue of $2.05 billion for 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 company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 EPS. As a group, equities analysts predict that XPO, Inc. will post 3.55 EPS for the current fiscal year.

About XPO

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.