New York State Teachers Retirement System Sells 162 Shares of XPO, Inc. (NYSE:XPO)

New York State Teachers Retirement System decreased its position in XPO, Inc. (NYSE:XPO) by 0.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 113,999 shares of the transportation company’s stock after selling 162 shares during the period. New York State Teachers Retirement System’s holdings in XPO were worth $12,264,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Essex Financial Services Inc. boosted its position in XPO by 20.5% during the 1st quarter. Essex Financial Services Inc. now owns 2,275 shares of the transportation company’s stock valued at $245,000 after buying an additional 387 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of XPO by 14.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 24,632 shares of the transportation company’s stock valued at $2,689,000 after acquiring an additional 3,057 shares during the last quarter. Continuum Advisory LLC boosted its holdings in shares of XPO by 22.7% during the first quarter. Continuum Advisory LLC now owns 1,135 shares of the transportation company’s stock worth $122,000 after purchasing an additional 210 shares during the period. Whalen Wealth Management Inc. boosted its holdings in shares of XPO by 90.8% during the first quarter. Whalen Wealth Management Inc. now owns 5,541 shares of the transportation company’s stock worth $596,000 after purchasing an additional 2,637 shares during the period. Finally, Retirement Systems of Alabama grew its stake in shares of XPO by 0.5% in the first quarter. Retirement Systems of Alabama now owns 248,661 shares of the transportation company’s stock worth $26,751,000 after purchasing an additional 1,164 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Stephens reaffirmed an “overweight” rating and set a $131.00 price target on shares of XPO in a research report on Thursday, June 5th. Deutsche Bank Aktiengesellschaft assumed coverage on XPO in a report on Friday, March 7th. They set a “buy” rating and a $156.00 target price for the company. Susquehanna lifted their price target on shares of XPO from $138.00 to $145.00 and gave the company a “positive” rating in a report on Wednesday, June 18th. Oppenheimer decreased their price objective on shares of XPO from $142.00 to $126.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Finally, Barclays raised their target price on shares of XPO from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, June 9th. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $134.89.

XPO Trading Down 0.3%

NYSE:XPO opened at $132.13 on Friday. The firm has a market capitalization of $15.57 billion, a P/E ratio of 40.66, a PEG ratio of 2.52 and a beta of 1.93. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.02 and a quick ratio of 1.02. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The company’s 50-day simple moving average is $118.46 and its 200 day simple moving average is $121.21.

XPO (NYSE:XPO) last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.98 billion. XPO had a return on equity of 28.27% and a net margin of 4.87%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 EPS. As a group, analysts forecast that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO announced that its board has approved a stock buyback program on Thursday, March 27th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

XPO Company 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.