QRG Capital Management Inc. Sells 202 Shares of XPO, Inc. (NYSE:XPO)

QRG Capital Management Inc. trimmed its holdings in XPO, Inc. (NYSE:XPO) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,760 shares of the transportation company’s stock after selling 202 shares during the quarter. QRG Capital Management Inc.’s holdings in XPO were worth $493,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. D1 Capital Partners L.P. boosted its position in shares of XPO by 84.2% during the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after acquiring an additional 2,153,042 shares during the last quarter. State Street Corp raised its stake in XPO by 1.1% during the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock valued at $373,903,000 after purchasing an additional 37,486 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in XPO by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock valued at $165,299,000 after purchasing an additional 10,318 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of XPO in the 4th quarter worth $163,938,000. Finally, Life Planning Partners Inc increased its holdings in shares of XPO by 12,923.2% in the 4th quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock worth $109,824,000 after buying an additional 830,963 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on XPO. Stephens reaffirmed an “overweight” rating and issued a $171.00 price target on shares of XPO in a report on Wednesday. Oppenheimer raised their price objective on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Susquehanna raised XPO from a “neutral” rating to a “positive” rating and boosted their target price for the company from $155.00 to $180.00 in a research report on Friday, February 7th. Barclays lowered their price target on XPO from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Benchmark boosted their price objective on shares of XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Sixteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $162.50.

XPO Stock Performance

XPO stock opened at $112.67 on Thursday. XPO, Inc. has a 1-year low of $97.03 and a 1-year high of $161.00. The business has a 50-day moving average price of $134.81 and a 200 day moving average price of $130.37. The company has a market capitalization of $13.21 billion, a P/E ratio of 34.88, a PEG ratio of 1.79 and a beta of 2.12. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. As a group, equities research analysts forecast that XPO, Inc. will post 4.15 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.