Channing Capital Management LLC Sells 193,298 Shares of XPO, Inc. (NYSE:XPO)

Channing Capital Management LLC trimmed its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 17.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 910,571 shares of the transportation company's stock after selling 193,298 shares during the period. XPO makes up about 2.4% of Channing Capital Management LLC's holdings, making the stock its 6th largest holding. Channing Capital Management LLC owned about 0.79% of XPO worth $79,757,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in XPO. Dorsey Wright & Associates purchased a new position in XPO in the third quarter worth approximately $1,252,000. Lisanti Capital Growth LLC increased its holdings 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 buying an additional 76,025 shares during the last quarter. Deutsche Bank AG raised its stake 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 valued at $97,359,000 after buying an additional 1,294,002 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in XPO by 11.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,928 shares of the transportation company's stock worth $443,000 after buying an additional 586 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its position 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 worth $10,844,000 after acquiring an additional 3,207 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Performance

XPO traded up $3.64 during trading on Friday, hitting $112.56. The stock had a trading volume of 4,012,750 shares, compared to its average volume of 1,617,625. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $13.09 billion, a P/E ratio of 55.18, a PEG ratio of 2.71 and a beta of 2.17. The company's 50-day moving average price is $120.80 and its 200 day moving average price is $100.34. XPO, Inc. has a twelve month low of $45.24 and a twelve month high of $130.51.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.13. The company had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $2.01 billion. XPO had a net margin of 2.44% and a return on equity of 29.85%. XPO's revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 EPS. On average, equities research analysts forecast that XPO, Inc. will post 3.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on XPO shares. Stifel Nicolaus boosted their target price on XPO from $77.00 to $87.00 and gave the stock a "hold" rating in a research note on Wednesday, January 10th. TD Cowen increased their target price on shares of XPO from $129.00 to $136.00 and gave the company an "outperform" rating in a research report on Thursday, March 7th. Bank of America boosted their price target on shares of XPO from $137.00 to $139.00 and gave the company a "buy" rating in a research report on Monday, April 15th. Citigroup raised 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, JPMorgan Chase & Co. boosted their target price on XPO from $97.00 to $122.00 and gave the company an "overweight" rating in a report on Thursday, February 8th. Two 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $111.65.

XPO 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.