XPO, Inc. (NYSE:XPO) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 10.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,066 shares of the transportation company's stock after selling 4,112 shares during the period. Janney Montgomery Scott LLC's holdings in XPO were worth $3,772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Argent Trust Co grew its stake in XPO by 1.9% in the 4th quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock valued at $517,000 after acquiring an additional 75 shares during the period. Larson Financial Group LLC lifted its holdings in XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after purchasing an additional 76 shares in the last quarter. Scientech Research LLC grew its position in shares of XPO by 0.9% in the fourth quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock valued at $1,291,000 after purchasing an additional 84 shares during the period. SageView Advisory Group LLC grew its position in shares of XPO by 2.1% in the fourth quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock valued at $607,000 after purchasing an additional 96 shares during the period. Finally, First Eagle Investment Management LLC increased 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 purchasing an additional 100 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Trading Up 2.9%

XPO stock traded up $3.57 during mid-day trading on Friday, hitting $127.74. The company's stock had a trading volume of 4,205,513 shares, compared to its average volume of 1,729,871. The stock's fifty day moving average is $115.30 and its two-hundred day moving average is $122.16. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $15.05 billion, a PE ratio of 39.30, a price-to-earnings-growth ratio of 2.33 and a beta of 1.92. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00.

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

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of XPO from $130.00 to $116.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Stephens reaffirmed an "overweight" rating and issued a $131.00 price target on shares of XPO in a research note on Thursday, June 5th. Jefferies Financial Group reissued a "buy" rating and issued a $140.00 price objective (up from $135.00) on shares of XPO in a research note on Tuesday, June 10th. Oppenheimer lowered their target price on shares of XPO from $142.00 to $126.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. dropped their target price on shares of XPO from $132.00 to $121.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $134.37.

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.