Cercano Management LLC Sells 225,141 Shares of XPO, Inc. (NYSE:XPO)

Cercano Management LLC cut its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,218,925 shares of the transportation company's stock after selling 225,141 shares during the quarter. XPO comprises 9.3% of Cercano Management LLC's investment portfolio, making the stock its 3rd biggest holding. Cercano Management LLC owned approximately 2.78% of XPO worth $281,946,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in XPO by 0.5% in the third quarter. Vanguard Group Inc. now owns 10,794,892 shares of the transportation company's stock worth $805,947,000 after acquiring an additional 54,528 shares in the last quarter. Deutsche Bank AG boosted its holdings in 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. Invesco Ltd. boosted its holdings in XPO by 76.5% in the third quarter. Invesco Ltd. now owns 1,258,725 shares of the transportation company's stock worth $93,976,000 after acquiring an additional 545,485 shares in the last quarter. Federated Hermes Inc. boosted its holdings in XPO by 14.1% in the third quarter. Federated Hermes Inc. now owns 1,197,431 shares of the transportation company's stock worth $89,400,000 after acquiring an additional 147,868 shares in the last quarter. Finally, Eminence Capital LP boosted its holdings in XPO by 137.4% in the third quarter. Eminence Capital LP now owns 1,191,311 shares of the transportation company's stock worth $88,943,000 after acquiring an additional 689,457 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Bank of America boosted their target price on XPO from $137.00 to $139.00 and gave the stock a "buy" rating in a report on Monday, April 15th. Morgan Stanley cut XPO from an "equal weight" rating to an "underweight" rating and increased their price objective for the company from $75.00 to $80.00 in a research report on Monday, February 12th. Stifel Nicolaus increased their price objective on XPO from $77.00 to $87.00 and gave the company a "hold" rating in a research report on Wednesday, January 10th. Raymond James increased their price objective on XPO from $130.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, April 15th. Finally, Susquehanna increased their price objective on XPO from $100.00 to $140.00 and gave the company a "positive" rating in a research report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $111.65.

XPO Stock Performance

Shares of NYSE XPO traded down $7.35 during trading on Friday, hitting $110.90. The company had a trading volume of 4,820,529 shares, compared to its average volume of 1,063,648. The stock has a 50 day simple moving average of $121.92 and a 200 day simple moving average of $99.16. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. XPO, Inc. has a 12 month low of $40.69 and a 12 month high of $130.51. The firm has a market capitalization of $12.90 billion, a P/E ratio of 68.88, a price-to-earnings-growth ratio of 2.67 and a beta of 2.19.

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