Janney Montgomery Scott LLC Decreases Stock Position in XPO, Inc. (NYSE:XPO)

Janney Montgomery Scott LLC decreased its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 10.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XPO. MassMutual Private Wealth & Trust FSB increased its position 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 worth $26,000 after purchasing an additional 113 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after purchasing an additional 130 shares in the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in XPO in the fourth quarter valued at about $42,000. Larson Financial Group LLC raised its stake 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 buying an additional 76 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in XPO by 58.8% during the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock worth $52,000 after buying an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Trading Up 3.9%

NYSE:XPO opened at $124.49 on Tuesday. The stock has a market cap of $14.67 billion, a price-to-earnings ratio of 38.30, a PEG ratio of 2.25 and a beta of 1.92. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.02. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00. The business has a fifty day moving average of $113.54 and a 200-day moving average of $122.32.

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

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

Wall Street Analysts Forecast Growth

XPO has been the topic of several research reports. Citigroup dropped their price target on XPO from $148.00 to $113.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Barclays boosted their target price on shares of 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 report on Thursday, June 5th. Susquehanna increased their price objective on shares of XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a research note on Wednesday, June 18th. Finally, Wells Fargo & Company cut their target price on shares of XPO from $130.00 to $116.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $135.26.

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.

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