Sigma Planning Corp Sells 11,732 Shares of XPO, Inc. (NYSE:XPO)

Sigma Planning Corp lowered its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 60.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,837 shares of the transportation company's stock after selling 11,732 shares during the quarter. Sigma Planning Corp's holdings in XPO were worth $686,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Dorsey Wright & Associates bought a new stake in XPO in the third quarter valued at approximately $1,252,000. Lisanti Capital Growth LLC grew its stake in XPO by 527.2% in the third quarter. Lisanti Capital Growth LLC now owns 90,445 shares of the transportation company's stock valued at $6,753,000 after acquiring an additional 76,025 shares during the period. Deutsche Bank AG increased its holdings in shares of XPO by 12,894.9% in the third quarter. Deutsche Bank AG now owns 1,304,037 shares of the transportation company's stock worth $97,359,000 after acquiring an additional 1,294,002 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of XPO by 11.0% during the third quarter. PNC Financial Services Group Inc. now owns 5,928 shares of the transportation company's stock worth $443,000 after purchasing an additional 586 shares during the period. Finally, New York State Teachers Retirement System lifted its holdings in shares of XPO by 2.7% during the 4th quarter. New York State Teachers Retirement System now owns 123,804 shares of the transportation company's stock valued at $10,844,000 after purchasing an additional 3,207 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on XPO shares. Susquehanna lifted their price target on shares of XPO from $100.00 to $140.00 and gave the company a "positive" rating in a research note on Thursday, February 8th. Stifel Nicolaus increased their target price on XPO from $77.00 to $87.00 and gave the stock a "hold" rating in a report on Wednesday, January 10th. Raymond James boosted their price target on XPO from $130.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, April 15th. Citigroup increased their price objective on XPO from $100.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, February 8th. Finally, Morgan Stanley cut XPO from an "equal weight" rating to an "underweight" rating and boosted their target price for the company from $75.00 to $80.00 in a research note on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $111.65.

XPO Price Performance

XPO stock traded up $0.76 during trading hours on Thursday, reaching $118.24. 1,425,463 shares of the stock were exchanged, compared to its average volume of 1,316,972. The stock has a 50 day moving average of $122.11 and a two-hundred day moving average of $98.65. The company has a market cap of $13.75 billion, a P/E ratio of 73.44, a price-to-earnings-growth ratio of 2.90 and a beta of 2.19. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO, Inc. has a twelve month low of $40.69 and a twelve month high of $130.51.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.62 by $0.15. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.92 billion. XPO had a net margin of 2.44% and a return on equity of 29.85%. The company's revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share. Equities analysts expect that XPO, Inc. will post 3.47 EPS for the current fiscal year.

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.