Douglas Lane & Associates LLC Sells 18,106 Shares of XPO, Inc. $XPO

Key Points

• Douglas Lane & Associates LLC sold 18,106 shares of XPO, cutting its stake by 6.6% to 256,876 shares worth about $34.91 million, while institutional investors own roughly 97.73% of the company.
• Analysts are broadly positive, producing a "Moderate Buy" consensus with an average price target of $183.19 and notable upgrades such as Wells Fargo raising its target to $225 and Stifel to $206.
• XPO recently beat quarterly expectations (EPS $0.88 vs. $0.76; revenue $2.01B vs. $1.95B), and the stock trades near $212 with a $24.9 billion market cap and a 12‑month high around $220.50.

Douglas Lane & Associates LLC cut its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,876 shares of the transportation company's stock after selling 18,106 shares during the quarter. Douglas Lane & Associates LLC owned approximately 0.22% of XPO worth $34,912,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XPO. Bayforest Capital Ltd lifted its position in XPO by 72.8% during the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company's stock worth $25,000 after buying an additional 83 shares in the last quarter. Toth Financial Advisory Corp lifted its position in XPO by 100.0% during the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company's stock worth $27,000 after buying an additional 100 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of XPO in the 3rd quarter valued at about $32,000. Horizon Investments LLC bought a new stake in shares of XPO in the 3rd quarter valued at about $39,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of XPO by 35.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company's stock valued at $42,000 after purchasing an additional 88 shares during the period. 97.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XPO has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on XPO from $205.00 to $225.00 and gave the stock an "overweight" rating in a research report on Tuesday. Barclays set a $195.00 price target on XPO and gave the stock an "overweight" rating in a research report on Friday, February 6th. Wolfe Research downgraded XPO from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 8th. Stifel Nicolaus boosted their price target on XPO from $166.00 to $206.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Finally, TD Cowen reissued a "buy" rating on shares of XPO in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $183.19.

XPO Stock Up 0.1%

XPO stock opened at $211.96 on Friday. The stock has a market cap of $24.89 billion, a P/E ratio of 79.99, a P/E/G ratio of 2.79 and a beta of 1.94. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.75. XPO, Inc. has a twelve month low of $88.50 and a twelve month high of $220.50. The company's 50-day moving average price is $195.03 and its two-hundred day moving average price is $157.99.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.12. The firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.95 billion. XPO had a net margin of 3.87% and a return on equity of 25.07%. The business's revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. As a group, analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company's operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.

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