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

National Bank of Canada FI trimmed its holdings in XPO, Inc. (NYSE:XPO) by 27.0% in the fourth quarter, HoldingsChannel reports. The fund owned 137,571 shares of the transportation company’s stock after selling 50,841 shares during the period. National Bank of Canada FI’s holdings in XPO were worth $11,675,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. raised its holdings in XPO by 170.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock worth $30,000 after purchasing an additional 211 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of XPO in the 4th quarter worth about $46,000. Hanseatic Management Services Inc. purchased a new stake in shares of XPO in the 3rd quarter worth about $43,000. Quent Capital LLC grew its position in shares of XPO by 33.5% in the 4th quarter. Quent Capital LLC now owns 729 shares of the transportation company’s stock worth $64,000 after buying an additional 183 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of 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 buying an additional 199 shares during the period. 97.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on XPO shares. Benchmark upped their target price on shares of XPO from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Citigroup upped their target price on shares of XPO from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Raymond James increased their price objective on shares of XPO from $130.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. The Goldman Sachs Group increased their price objective on shares of XPO from $98.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Bank of America raised their price target on shares of XPO from $137.00 to $139.00 and gave the company a “buy” rating in a report on Monday, April 15th. 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 data from MarketBeat.com, XPO has an average rating of “Moderate Buy” and an average target price of $114.95.

XPO Price Performance

Shares of NYSE:XPO opened at $112.00 on Thursday. The stock has a market capitalization of $13.03 billion, a PE ratio of 54.90, a price-to-earnings-growth ratio of 2.69 and a beta of 2.17. XPO, Inc. has a twelve month low of $45.24 and a twelve month high of $130.51. The firm’s 50 day moving average price is $120.32 and its 200-day moving average price is $100.97. The company has a quick ratio of 1.00, a current ratio of 0.94 and a debt-to-equity ratio of 2.49.

XPO (NYSE:XPO) last announced its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.68 by $0.13. The firm had revenue of $2.02 billion for 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 company’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $0.56 EPS. Equities research analysts expect that XPO, Inc. will post 3.49 EPS for the current 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.