National Bank of Canada FI Sells 50,841 Shares of XPO, Inc. (NYSE:XPO)

National Bank of Canada FI decreased its position in XPO, Inc. (NYSE:XPO - Free Report) by 27.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,571 shares of the transportation company's stock after selling 50,841 shares during the quarter. National Bank of Canada FI owned 0.12% of XPO worth $11,675,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Deutsche Bank AG grew its position in shares of XPO by 12,894.9% during the third quarter. Deutsche Bank AG now owns 1,304,037 shares of the transportation company's stock worth $97,359,000 after buying an additional 1,294,002 shares in the last quarter. Eminence Capital LP lifted its position in shares of XPO by 137.4% during the third quarter. Eminence Capital LP now owns 1,191,311 shares of the transportation company's stock worth $88,943,000 after purchasing an additional 689,457 shares during the last quarter. Invesco Ltd. increased 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 valued at $93,976,000 after buying an additional 545,485 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in XPO during the 3rd quarter worth approximately $27,267,000. Finally, Victory Capital Management Inc. increased its holdings in shares of XPO by 1,405.6% in the 3rd quarter. Victory Capital Management Inc. now owns 345,968 shares of the transportation company's stock valued at $25,830,000 after acquiring an additional 322,989 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Price Performance

Shares of NYSE:XPO traded up $1.05 during trading hours on Thursday, hitting $113.01. 1,004,628 shares of the company's stock traded hands, compared to its average volume of 1,437,238. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.00 and a current ratio of 0.94. The company's fifty day simple moving average is $120.18 and its two-hundred day simple moving average is $101.05. XPO, Inc. has a 52 week low of $45.24 and a 52 week high of $130.51. The company has a market cap of $13.14 billion, a price-to-earnings ratio of 55.40, a price-to-earnings-growth ratio of 2.69 and a beta of 2.17.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings results on Friday, May 3rd. The transportation company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.13. XPO had a return on equity of 30.77% and a net margin of 3.08%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the company posted $0.56 EPS. XPO's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities analysts anticipate that XPO, Inc. will post 3.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on XPO. Oppenheimer lifted their price objective on shares of XPO from $130.00 to $140.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th. Stephens reissued an "overweight" rating and issued a $150.00 target price on shares of XPO in a report on Monday. The Goldman Sachs Group lifted their target price on XPO from $98.00 to $126.00 and gave the company a "buy" rating in a research note on Thursday, February 8th. Bank of America raised their price target on XPO from $137.00 to $139.00 and gave the stock a "buy" rating in a report on Monday, April 15th. Finally, Benchmark upped their price objective on XPO from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, XPO has an average rating of "Moderate Buy" and a consensus price target of $114.95.

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.