LPL Financial LLC Sells 17,383 Shares of XPO, Inc. (NYSE:XPO)

Key Points

• LPL Financial LLC reduced its stake in XPO, Inc. by 23.4% during Q1, owning 56,867 shares worth $6.12 million after selling 17,383 shares.
• Institutional investors and hedge funds now hold 97.73% of XPO's stock, reflecting significant interest and investment from large players in the market.
• XPO reported earnings of $1.05 per share, exceeding the consensus estimate of $0.99, with anticipated EPS of 4.15 for the current fiscal year.

LPL Financial LLC decreased its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 23.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,867 shares of the transportation company's stock after selling 17,383 shares during the period. LPL Financial LLC's holdings in XPO were worth $6,118,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Capital Research Global Investors boosted its stake in shares of XPO by 18.5% in the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock valued at $1,789,171,000 after purchasing an additional 2,125,686 shares in the last quarter. Capital World Investors raised its holdings in 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 buying an additional 1,605,001 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in XPO during the 4th quarter valued at $231,667,000. Frontier Capital Management Co. LLC raised its holdings in XPO by 3.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,239,568 shares of the transportation company's stock valued at $162,569,000 after buying an additional 44,854 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in XPO by 24.2% during the 4th quarter. Northern Trust Corp now owns 1,008,124 shares of the transportation company's stock valued at $132,215,000 after buying an additional 196,360 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Stock Down 0.6%

NYSE:XPO traded down $0.72 on Friday, reaching $127.96. 362,692 shares of the stock traded hands, compared to its average volume of 1,598,067. The company has a market capitalization of $15.07 billion, a price-to-earnings ratio of 44.27, a PEG ratio of 2.52 and a beta of 1.97. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The company's fifty day simple moving average is $126.77 and its 200 day simple moving average is $119.45.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on XPO shares. TD Cowen lowered their price target on shares of XPO from $136.00 to $133.00 and set a "buy" rating for the company in a report on Friday, June 27th. Evercore ISI upped their price target on shares of XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Stifel Nicolaus lowered their price target on shares of XPO from $145.00 to $136.00 and set a "buy" rating for the company in a report on Friday, August 1st. Citigroup upgraded shares of XPO from a "neutral" rating to a "buy" rating and set a $140.00 price target for the company in a report on Friday, August 1st. Finally, Stephens restated an "overweight" rating and issued a $131.00 price objective on shares of XPO in a report on Thursday, June 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

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.