Fishman Jay A Ltd. MI Decreases Position in XPO, Inc. (NYSE:XPO)

Fishman Jay A Ltd. MI reduced its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 300,476 shares of the transportation company's stock after selling 16,615 shares during the quarter. XPO accounts for approximately 3.5% of Fishman Jay A Ltd. MI's investment portfolio, making the stock its 9th biggest holding. Fishman Jay A Ltd. MI owned approximately 0.26% of XPO worth $32,325,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after purchasing an additional 113 shares during the period. Halbert Hargrove Global Advisors LLC bought a new stake in shares of XPO in the 4th quarter valued at about $42,000. Cullen Frost Bankers Inc. raised its holdings in shares of XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after purchasing an additional 130 shares during the period. Larson Financial Group LLC raised its stake in XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after buying an additional 76 shares during the period. Finally, Parallel Advisors LLC raised its stake in XPO by 58.8% in the first quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock valued at $52,000 after buying an additional 180 shares during the period. 97.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on XPO. Barclays upped their price objective on XPO from $125.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Stephens restated an "overweight" rating and issued a $131.00 price target on shares of XPO in a research note on Thursday, June 5th. Truist Financial dropped their price objective on shares of XPO from $130.00 to $125.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Citigroup dropped their price objective on shares of XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Evercore ISI increased their price objective on shares of XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat.com, XPO currently has an average rating of "Buy" and an average price target of $135.26.

XPO Price Performance

XPO stock traded down $0.65 during mid-day trading on Friday, reaching $119.97. 1,194,021 shares of the company were exchanged, compared to its average volume of 1,627,084. The company has a fifty day simple moving average of $113.00 and a 200-day simple moving average of $122.71. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $14.13 billion, a PE ratio of 36.91, a PEG ratio of 2.25 and a beta of 1.92.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. XPO had a return on equity of 28.27% and a net margin of 4.87%. The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter last year, the business earned $0.81 earnings per share. XPO's revenue was down 3.2% on a year-over-year basis. As a group, equities research analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO declared that its Board of Directors has approved a stock repurchase plan on Thursday, March 27th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are 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.