Global Retirement Partners LLC Sells 245 Shares of XPO, Inc. (NYSE:XPO)

Global Retirement Partners LLC cut its position in XPO, Inc. (NYSE:XPO) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,979 shares of the transportation company’s stock after selling 245 shares during the quarter. Global Retirement Partners LLC’s holdings in XPO were worth $522,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp boosted its holdings in shares of XPO by 159.1% in the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock worth $7,569,000 after acquiring an additional 43,237 shares during the period. Neo Ivy Capital Management purchased a new stake in XPO during the 3rd quarter worth about $534,000. Traynor Capital Management Inc. boosted its stake in XPO by 125.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after purchasing an additional 13,422 shares during the period. Exchange Traded Concepts LLC purchased a new position in XPO during the 4th quarter valued at about $423,000. Finally, PCJ Investment Counsel Ltd. increased its position in shares of XPO by 36.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after buying an additional 10,740 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Performance

XPO stock opened at $124.70 on Monday. The firm has a fifty day simple moving average of $138.54 and a two-hundred day simple moving average of $130.13. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO, Inc. has a twelve month low of $97.03 and a twelve month high of $161.00. The company has a market capitalization of $14.62 billion, a PE ratio of 38.61, a P/E/G ratio of 1.79 and a beta of 2.12.

XPO (NYSE:XPO) last issued its earnings results 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%. Research analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of XPO from $124.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Benchmark raised their price target on shares of XPO from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Jefferies Financial Group upped their price target on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Oppenheimer lifted their price objective on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Barclays decreased their target price on XPO from $170.00 to $165.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.13.

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.