Oppenheimer & Co. Inc. Sells 2,625 Shares of XPO, Inc. $XPO

Oppenheimer & Co. Inc. lowered its position in XPO, Inc. (NYSE:XPO) by 4.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 63,603 shares of the transportation company’s stock after selling 2,625 shares during the period. Oppenheimer & Co. Inc.’s holdings in XPO were worth $8,222,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in XPO. Oppenheimer Asset Management Inc. purchased a new position in XPO during the third quarter worth about $240,000. Smartleaf Asset Management LLC boosted its position in shares of XPO by 71.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 434 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 181 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of XPO by 21.6% during the third quarter. Bessemer Group Inc. now owns 490 shares of the transportation company’s stock worth $63,000 after purchasing an additional 87 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of XPO by 9.6% in the third quarter. Envestnet Asset Management Inc. now owns 97,631 shares of the transportation company’s stock worth $12,621,000 after purchasing an additional 8,547 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in XPO by 102.8% in the third quarter. Hantz Financial Services Inc. now owns 1,783 shares of the transportation company’s stock valued at $230,000 after purchasing an additional 904 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of XPO in a research note on Wednesday, January 21st. Benchmark restated a “buy” rating on shares of XPO in a research report on Friday. Wall Street Zen raised XPO from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays set a $195.00 price objective on XPO and gave the company an “overweight” rating in a research report on Friday. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $180.00 target price on shares of XPO in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $176.00.

XPO Price Performance

XPO opened at $206.65 on Tuesday. The stock’s 50 day simple moving average is $149.55 and its 200 day simple moving average is $137.66. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.05 and a quick ratio of 1.05. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $207.04. The firm has a market cap of $24.21 billion, a price-to-earnings ratio of 77.98, a PEG ratio of 2.74 and a beta of 2.01.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.12. XPO had a return on equity of 25.07% and a net margin of 3.87%.The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. As a group, analysts predict that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.