Ameriprise Financial Inc. Lowers Position in XPO, Inc. $XPO

Key Points

• Ameriprise Financial Inc. reduced its holdings in XPO, Inc. by 11.4%, selling 133,063 shares, and now owns 1,029,108 shares worth approximately $110.7 million.
• Several analysts have increased their price targets for XPO, with Jefferies Financial Group setting a new objective of $140.00 and UBS Group boosting it to $150.00, highlighting strong market confidence.
• XPO reported earnings per share (EPS) of $1.05 for the latest quarter, exceeding estimates and showing significant growth over the past year.

Ameriprise Financial Inc. lessened its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 11.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,029,108 shares of the transportation company's stock after selling 133,063 shares during the period. Ameriprise Financial Inc. owned approximately 0.87% of XPO worth $110,716,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Scientech Research LLC boosted its stake in XPO by 0.9% during the 4th 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 last quarter. Utah Retirement Systems boosted its stake in XPO by 1.6% during the 4th quarter. Utah Retirement Systems now owns 6,193 shares of the transportation company's stock valued at $812,000 after purchasing an additional 100 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in XPO by 4.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,340 shares of the transportation company's stock valued at $307,000 after purchasing an additional 101 shares during the last quarter. First Manhattan CO. LLC. boosted its stake in XPO by 4.8% during the 4th quarter. First Manhattan CO. LLC. now owns 2,208 shares of the transportation company's stock valued at $290,000 after purchasing an additional 102 shares during the last quarter. Finally, Securian Asset Management Inc. boosted its stake in XPO by 1.2% during the 1st quarter. Securian Asset Management Inc. now owns 8,904 shares of the transportation company's stock valued at $958,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 97.73% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. JPMorgan Chase & Co. increased their target price on XPO from $121.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Morgan Stanley dropped their price target on XPO from $85.00 to $84.00 and set an "underweight" rating on the stock in a research note on Friday, August 1st. Evercore ISI raised their price target on XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Wells Fargo & Company raised their price target on XPO from $144.00 to $147.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Benchmark raised their price target on XPO from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Nineteen investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, XPO presently has a consensus rating of "Moderate Buy" and an average price target of $138.00.

XPO Stock Performance

NYSE XPO traded down $4.17 on Wednesday, hitting $132.16. 1,323,485 shares of the company traded hands, compared to its average volume of 1,368,263. The company has a market capitalization of $15.56 billion, a price-to-earnings ratio of 45.73, a P/E/G ratio of 2.63 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. The business's 50 day moving average price is $128.65 and its 200-day moving average price is $119.06. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $161.00.

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

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.