Envestnet Portfolio Solutions Inc. Sells 2,669 Shares of XPO, Inc. (NYSE:XPO)

Envestnet Portfolio Solutions Inc. lessened its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 34.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,103 shares of the transportation company's stock after selling 2,669 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in XPO were worth $549,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Argent Trust Co raised its holdings in XPO by 1.9% during the 4th quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock worth $517,000 after purchasing an additional 75 shares during the last quarter. Larson Financial Group LLC grew its position in shares of XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after buying an additional 76 shares during the period. Scientech Research LLC grew its position in shares of XPO by 0.9% during the 4th quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock worth $1,291,000 after buying an additional 84 shares during the period. SageView Advisory Group LLC raised its stake in shares of XPO by 2.1% during the fourth quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock worth $607,000 after buying an additional 96 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of XPO by 1.3% during the fourth quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company's stock worth $1,044,000 after buying an additional 100 shares during the last quarter. Institutional investors own 97.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on XPO shares. Barclays lifted their target price on shares of XPO from $125.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Oppenheimer reduced their price target on XPO from $142.00 to $126.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Wells Fargo & Company decreased their price objective on XPO from $130.00 to $116.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Truist Financial upped their price objective on XPO from $125.00 to $135.00 and gave the company a "buy" rating in a report on Monday. Finally, Citigroup cut their target price on XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $134.89.

XPO Stock Down 0.6%

NYSE XPO traded down $0.80 during trading hours on Monday, reaching $126.68. 1,464,339 shares of the company's stock were exchanged, compared to its average volume of 1,625,944. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $14.92 billion, a price-to-earnings ratio of 38.98, a price-to-earnings-growth ratio of 2.40 and a beta of 1.92. The company's 50-day moving average is $115.92 and its two-hundred day moving average is $121.47. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. XPO had a net margin of 4.87% and a return on equity of 28.27%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The firm's revenue was down 3.2% compared to the same quarter last year. On average, analysts forecast that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO announced that its board has initiated a stock buyback plan on Thursday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the transportation company to reacquire up to 5.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.