Swiss National Bank Sells 26,100 Shares of XPO, Inc. (NYSE:XPO)

Swiss National Bank trimmed its position in XPO, Inc. (NYSE:XPO - Free Report) by 10.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 228,600 shares of the transportation company's stock after selling 26,100 shares during the period. Swiss National Bank owned approximately 0.20% of XPO worth $20,023,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hanseatic Management Services Inc. acquired a new stake in XPO during the third quarter valued at approximately $43,000. GAMMA Investing LLC acquired a new stake in shares of XPO during the fourth quarter valued at approximately $46,000. Fifth Third Bancorp boosted its stake in XPO by 37.3% in the 3rd quarter. Fifth Third Bancorp now owns 732 shares of the transportation company's stock worth $55,000 after purchasing an additional 199 shares during the period. Quent Capital LLC grew its position in XPO by 33.5% during the 4th quarter. Quent Capital LLC now owns 729 shares of the transportation company's stock worth $64,000 after purchasing an additional 183 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in XPO during the 4th quarter valued at $69,000. 97.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on XPO. JPMorgan Chase & Co. lifted their price target on XPO from $97.00 to $122.00 and gave the company an "overweight" rating in a report on Thursday, February 8th. Stephens reissued an "overweight" rating and issued a $150.00 price target on shares of XPO in a research report on Monday. Citigroup upped their price objective on shares of XPO from $100.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, February 8th. BMO Capital Markets boosted their price target on shares of XPO from $100.00 to $145.00 and gave the company an "outperform" rating in a report on Thursday, February 8th. Finally, Benchmark lifted their price objective on XPO from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $114.95.

XPO Stock Performance

Shares of NYSE:XPO traded up $1.45 during trading on Friday, hitting $114.45. 700,878 shares of the stock were exchanged, compared to its average volume of 1,805,259. The company has a market capitalization of $13.31 billion, a price-to-earnings ratio of 56.10, a price-to-earnings-growth ratio of 2.63 and a beta of 2.17. XPO, Inc. has a 1-year low of $45.24 and a 1-year high of $130.51. The company's fifty day simple moving average is $120.05 and its 200-day simple moving average is $101.35. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.00 and a current ratio of 0.94.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.13. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.01 billion. XPO had a net margin of 3.08% and a return on equity of 30.77%. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. Sell-side analysts expect that XPO, Inc. will post 3.51 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.