Charles Schwab Investment Management Inc. Sells 11,189 Shares of XPO, Inc. (NYSE:XPO)

Charles Schwab Investment Management Inc. trimmed its holdings in XPO, Inc. (NYSE:XPO) by 1.3% in the 1st quarter, Holdings Channel reports. The fund owned 877,042 shares of the transportation company’s stock after selling 11,189 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in XPO were worth $94,352,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of XPO. Envestnet Asset Management Inc. increased its stake in shares of XPO by 8.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 106,524 shares of the transportation company’s stock worth $13,971,000 after acquiring an additional 7,936 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in shares of XPO by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 50,266 shares of the transportation company’s stock worth $6,592,000 after acquiring an additional 320 shares in the last quarter. Townsquare Capital LLC increased its stake in shares of XPO by 7.5% in the 4th quarter. Townsquare Capital LLC now owns 2,320 shares of the transportation company’s stock worth $304,000 after acquiring an additional 162 shares in the last quarter. SageView Advisory Group LLC increased its stake in shares of XPO by 2.1% in the 4th quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company’s stock worth $607,000 after acquiring an additional 96 shares in the last quarter. Finally, Mariner LLC increased its stake in shares of XPO by 3.1% in the 4th quarter. Mariner LLC now owns 12,928 shares of the transportation company’s stock worth $1,696,000 after acquiring an additional 390 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

XPO Stock Performance

XPO opened at $126.48 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. The company has a market cap of $14.89 billion, a price-to-earnings ratio of 43.76, a PEG ratio of 2.30 and a beta of 1.97. The company’s 50 day moving average is $126.22 and its 200 day moving average is $119.45. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. XPO had a net margin of 4.32% and a return on equity of 26.48%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.12 earnings per share. On average, equities research analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

Wall Street Analyst Weigh In

XPO has been the subject of a number of analyst reports. Bank of America raised their price objective on shares of XPO from $139.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Jefferies Financial Group restated a “buy” rating and set a $140.00 price objective (up from $135.00) on shares of XPO in a research note on Tuesday, June 10th. TD Cowen reduced their price objective on shares of XPO from $136.00 to $133.00 and set a “buy” rating for the company in a research note on Friday, June 27th. Benchmark raised their price objective on shares of XPO from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, July 15th. Finally, Barclays raised their price objective on shares of XPO from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

XPO 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.