Federated Hermes Inc. Cuts Holdings in XPO, Inc. (NYSE:XPO)

Key Points

• Federated Hermes Inc. has reduced its stake in XPO, Inc. by 11.8%, selling 38,410 shares and now holding approximately 285,820 shares valued at $30,749,000.
• Recent analyst ratings indicate a mix of opinions on XPO, with target prices ranging from $115 to $165 and most analysts giving the company a consensus rating of "Moderate Buy."
• XPO's recent earnings report showed $0.73 EPS, exceeding estimates but reflecting a revenue drop of 3.2% year-over-year.

Federated Hermes Inc. lowered its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 11.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 285,820 shares of the transportation company's stock after selling 38,410 shares during the period. Federated Hermes Inc. owned about 0.24% of XPO worth $30,749,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of XPO. Capital Research Global Investors raised its stake in shares of XPO by 18.5% in the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock valued at $1,789,171,000 after buying an additional 2,125,686 shares during the period. T. Rowe Price Investment Management Inc. bought a new stake in shares of XPO during the 4th quarter valued at $231,667,000. Capital World Investors raised its stake in shares of XPO by 26.1% during the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock valued at $1,016,923,000 after purchasing an additional 1,605,001 shares during the period. Durable Capital Partners LP bought a new stake in shares of XPO during the 4th quarter valued at $75,923,000. Finally, Natixis bought a new stake in shares of XPO during the 4th quarter valued at $57,796,000. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Trading Down 1.3%

XPO traded down $1.53 during midday trading on Friday, reaching $118.76. 2,046,588 shares of the company's stock traded hands, compared to its average volume of 1,086,700. The firm has a fifty day moving average of $125.52 and a two-hundred day moving average of $120.38. The stock has a market capitalization of $13.99 billion, a price-to-earnings ratio of 41.09, a P/E/G ratio of 2.33 and a beta of 1.93. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00.

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

Analysts Set New Price Targets

XPO has been the topic of a number of analyst reports. Stifel Nicolaus decreased their price objective on XPO from $145.00 to $136.00 and set a "buy" rating on the stock in a research note on Friday. Susquehanna upped their target price on XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a research note on Wednesday, June 18th. Oppenheimer upped their target price on XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a research note on Monday, July 7th. Stephens restated an "overweight" rating and issued a $131.00 target price on shares of XPO in a research note on Thursday, June 5th. Finally, UBS Group upped their target price on XPO from $123.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a sell rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

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.