XPO, Inc. (NYSE:XPO) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its position in XPO, Inc. (NYSE:XPOFree Report) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,284 shares of the transportation company’s stock after selling 185 shares during the quarter. M&T Bank Corp’s holdings in XPO were worth $463,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in XPO. Benjamin F. Edwards & Company Inc. raised its stake in XPO by 170.2% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 211 shares during the last quarter. Natixis Advisors L.P. purchased a new position in XPO in the 4th quarter valued at approximately $1,407,000. Beck Bode LLC purchased a new position in XPO in the 4th quarter valued at approximately $4,389,000. Headlands Technologies LLC purchased a new position in XPO in the 4th quarter valued at approximately $69,000. Finally, Truist Financial Corp increased its stake in XPO by 3.8% in the 4th quarter. Truist Financial Corp now owns 6,710 shares of the transportation company’s stock valued at $588,000 after purchasing an additional 243 shares in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Performance

Shares of NYSE XPO opened at $112.24 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.49. The stock has a 50 day simple moving average of $119.82 and a 200-day simple moving average of $102.07. The company has a market cap of $13.06 billion, a PE ratio of 55.02, a P/E/G ratio of 2.53 and a beta of 2.17. XPO, Inc. has a 12-month low of $45.24 and a 12-month high of $130.51.

XPO (NYSE:XPOGet Free Report) last issued its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.13. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 earnings per share. On average, equities research analysts forecast that XPO, Inc. will post 3.61 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on XPO shares. The Goldman Sachs Group raised their price objective on XPO from $98.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. increased 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. Raymond James increased their target price on XPO from $130.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, April 15th. TD Cowen increased their target price on XPO from $136.00 to $138.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Citigroup increased their target price on XPO from $100.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.95.

Check Out Our Latest Research Report on XPO

About XPO

(Free Report)

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.

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Institutional Ownership by Quarter for XPO (NYSE:XPO)

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