Charles Schwab Investment Management Inc. Sells 11,189 Shares of XPO, Inc. (NYSE:XPO)

Charles Schwab Investment Management Inc. trimmed its position in XPO, Inc. (NYSE:XPO - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 877,042 shares of the transportation company's stock after selling 11,189 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.74% of XPO worth $94,352,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of XPO by 89.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after purchasing an additional 113 shares in the last quarter. Parallel Advisors LLC raised its position in XPO by 58.8% during the first quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock valued at $52,000 after acquiring an additional 180 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in XPO by 65.7% during the first quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock valued at $57,000 after acquiring an additional 209 shares in the last quarter. Archer Investment Corp bought a new position in XPO during the first quarter valued at approximately $91,000. Finally, UMB Bank n.a. raised its position in XPO by 97.4% during the first quarter. UMB Bank n.a. now owns 1,062 shares of the transportation company's stock valued at $114,000 after acquiring an additional 524 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Price Performance

Shares of XPO stock traded down $1.19 during mid-day trading on Friday, reaching $127.49. The company's stock had a trading volume of 1,060,481 shares, compared to its average volume of 1,245,020. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The company has a market cap of $15.01 billion, a P/E ratio of 44.11, a PEG ratio of 2.48 and a beta of 1.97. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. The firm's 50-day moving average is $126.95 and its two-hundred day moving average is $119.37.

XPO (NYSE:XPO - Get Free Report) last posted its earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.06. XPO had a net margin of 4.32% and a return on equity of 26.48%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. The firm's quarterly revenue was up .0% compared to the same quarter last year. On average, research analysts predict that XPO, Inc. will post 4.15 earnings per share for the current year.

Analyst Ratings Changes

XPO has been the topic of several recent research reports. Truist Financial raised their price objective on shares of XPO from $125.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, June 30th. Barclays raised their price objective on shares of XPO from $135.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. UBS Group raised their price objective on shares of XPO from $123.00 to $150.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Jefferies Financial Group reissued a "buy" rating and issued a $140.00 price target (up previously from $135.00) on shares of XPO in a research report on Tuesday, June 10th. Finally, Citigroup raised shares of XPO from a "neutral" rating to a "buy" rating and set a $140.00 price target on the stock in a research report on Friday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have issued a buy rating to the company's stock. According to MarketBeat.com, XPO presently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

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.