Rice Hall James & Associates LLC Lowers Stock Holdings in XPO, Inc. (NYSE:XPO)

Rice Hall James & Associates LLC cut its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 244,775 shares of the transportation company's stock after selling 4,147 shares during the period. XPO makes up approximately 1.5% of Rice Hall James & Associates LLC's portfolio, making the stock its 18th biggest position. Rice Hall James & Associates LLC owned approximately 0.21% of XPO worth $26,333,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Securian Asset Management Inc. raised its position in shares of XPO by 1.2% in the 1st quarter. Securian Asset Management Inc. now owns 8,904 shares of the transportation company's stock worth $958,000 after acquiring an additional 105 shares in the last quarter. CWM LLC raised its position in shares of XPO by 16.8% in the 1st quarter. CWM LLC now owns 1,114 shares of the transportation company's stock worth $120,000 after acquiring an additional 160 shares in the last quarter. Louisiana State Employees Retirement System increased its position in XPO by 1.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 32,800 shares of the transportation company's stock valued at $3,529,000 after buying an additional 500 shares in the last quarter. New York State Common Retirement Fund increased its position in XPO by 5.4% in the 1st quarter. New York State Common Retirement Fund now owns 62,054 shares of the transportation company's stock valued at $6,676,000 after buying an additional 3,200 shares in the last quarter. Finally, Xponance Inc. increased its position in XPO by 2.5% in the 1st quarter. Xponance Inc. now owns 24,078 shares of the transportation company's stock valued at $2,590,000 after buying an additional 591 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Truist Financial boosted their target price on XPO from $125.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, June 30th. Raymond James Financial decreased their target price on XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $140.00 target price (up from $135.00) on shares of XPO in a research report on Tuesday, June 10th. Benchmark boosted their target price on XPO from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Stifel Nicolaus decreased their target price on XPO from $147.00 to $142.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $141.00.

XPO Stock Performance

Shares of XPO stock traded up $2.85 during trading hours on Thursday, reaching $131.35. The company had a trading volume of 142,845 shares, compared to its average volume of 1,655,167. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The business has a fifty day simple moving average of $123.36 and a 200 day simple moving average of $120.72. 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 $15.47 billion, a PE ratio of 40.42, a price-to-earnings-growth ratio of 2.46 and a beta of 1.93.

XPO (NYSE:XPO - Get Free Report) last posted 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. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. XPO had a return on equity of 28.27% and a net margin of 4.87%. The business's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the company earned $0.81 earnings per share. On average, analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO announced that its board has initiated a stock buyback plan on Thursday, March 27th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to buy up to 5.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board 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.