Maryland State Retirement & Pension System Trims Stock Position in XPO, Inc. (NYSE:XPO)

Maryland State Retirement & Pension System cut its stake in XPO, Inc. (NYSE:XPO) by 12.5% in the first quarter, Holdings Channel.com reports. The fund owned 5,343 shares of the transportation company’s stock after selling 760 shares during the quarter. Maryland State Retirement & Pension System’s holdings in XPO were worth $575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sowell Financial Services LLC acquired a new position in XPO in the first quarter valued at $247,000. Allspring Global Investments Holdings LLC increased its stake in XPO by 14.2% in 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 purchasing an additional 3,057 shares during the period. Teacher Retirement System of Texas increased its stake in XPO by 50.9% in the first quarter. Teacher Retirement System of Texas now owns 21,454 shares of the transportation company’s stock valued at $2,308,000 after purchasing an additional 7,237 shares during the period. Capstone Investment Advisors LLC acquired a new position in XPO in the fourth quarter valued at $354,000. Finally, Vontobel Holding Ltd. increased its stake in XPO by 88.0% in the first quarter. Vontobel Holding Ltd. now owns 3,719 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 1,741 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on XPO shares. Citigroup upgraded shares of XPO from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Friday, August 1st. Barclays boosted their price target on shares of XPO from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Jefferies Financial Group reiterated a “buy” rating and set a $140.00 price target (up from $135.00) on shares of XPO in a research note on Tuesday, June 10th. Wall Street Zen upgraded shares of XPO from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Oppenheimer boosted their price target on shares of XPO from $126.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, July 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $138.00.

XPO Trading Down 1.2%

Shares of XPO opened at $128.76 on Friday. 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 firm’s 50-day moving average is $126.77 and its two-hundred day moving average is $119.45. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The firm has a market capitalization of $15.16 billion, a P/E ratio of 44.56, a PEG ratio of 2.52 and a beta of 1.97.

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

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.