Rice Hall James & Associates LLC Has $32.65 Million Stock Holdings in XPO, Inc. (NYSE:XPO)

Rice Hall James & Associates LLC decreased its holdings in shares of XPO, Inc. (NYSE:XPO) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 248,922 shares of the transportation company’s stock after selling 13,617 shares during the quarter. XPO makes up 1.8% of Rice Hall James & Associates LLC’s holdings, making the stock its 14th biggest position. Rice Hall James & Associates LLC owned about 0.21% of XPO worth $32,646,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in XPO. Creative Planning lifted its holdings in XPO by 11.3% during the 3rd quarter. Creative Planning now owns 6,019 shares of the transportation company’s stock valued at $647,000 after purchasing an additional 611 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in XPO by 3.9% during the 3rd quarter. Global Retirement Partners LLC now owns 4,224 shares of the transportation company’s stock valued at $454,000 after purchasing an additional 157 shares during the last quarter. Net Worth Advisory Group acquired a new stake in XPO during the 3rd quarter valued at $228,000. Blue Trust Inc. lifted its holdings in XPO by 369.5% during the 3rd quarter. Blue Trust Inc. now owns 1,216 shares of the transportation company’s stock valued at $129,000 after purchasing an additional 957 shares during the last quarter. Finally, First Citizens Bank & Trust Co. lifted its holdings in XPO by 107.4% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 4,993 shares of the transportation company’s stock valued at $537,000 after purchasing an additional 2,585 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Price Performance

XPO stock opened at $145.65 on Tuesday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a 52 week low of $97.03 and a 52 week high of $161.00. The stock has a market capitalization of $16.95 billion, a P/E ratio of 45.09, a price-to-earnings-growth ratio of 1.93 and a beta of 2.12. The stock has a fifty day moving average of $140.46 and a 200-day moving average of $129.35.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, sell-side analysts expect that XPO, Inc. will post 4.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. The Goldman Sachs Group increased their price objective on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. UBS Group increased their price objective on XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. TD Cowen increased their price objective on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Oppenheimer increased their price objective on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Barclays lowered their price objective on XPO from $170.00 to $165.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.13.

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.