XPO, Inc. $XPO is Frontier Capital Management Co. LLC’s 5th Largest Position

Frontier Capital Management Co. LLC cut its stake in XPO, Inc. (NYSE:XPO) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,133,879 shares of the transportation company’s stock after selling 47,232 shares during the period. XPO accounts for about 1.3% of Frontier Capital Management Co. LLC’s portfolio, making the stock its 5th largest position. Frontier Capital Management Co. LLC owned about 0.96% of XPO worth $143,198,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. SouthState Corp acquired a new stake in shares of XPO during the first quarter worth $25,000. RMG Wealth Management LLC purchased a new position in XPO in the 2nd quarter worth $26,000. FNY Investment Advisers LLC acquired a new stake in XPO during the 2nd quarter worth about $42,000. EverSource Wealth Advisors LLC grew its stake in XPO by 35.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 88 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in XPO by 46.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Price Performance

NYSE:XPO opened at $150.52 on Thursday. The company has a 50 day moving average price of $134.74 and a 200-day moving average price of $129.79. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The firm has a market cap of $17.67 billion, a price-to-earnings ratio of 54.14, a price-to-earnings-growth ratio of 2.83 and a beta of 2.03. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.02 and a quick ratio of 1.02.

XPO (NYSE:XPO) last released its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. The company had revenue of ($2,243.00) million for the quarter. XPO had a net margin of 4.13% and a return on equity of 26.14%. Equities research analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on XPO shares. Bank of America lifted their target price on XPO from $151.00 to $158.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. reduced their price target on shares of XPO from $166.00 to $163.00 and set an “overweight” rating for the company in a research report on Monday. Susquehanna reaffirmed a “positive” rating and issued a $162.00 price objective on shares of XPO in a report on Friday, October 31st. Rothschild Redb upgraded shares of XPO to a “strong-buy” rating in a research note on Wednesday, November 26th. Finally, Oppenheimer set a $154.00 target price on shares of XPO and gave the stock an “outperform” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $149.64.

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.