Thornburg Investment Management Inc. Sells 2,975 Shares of XPO, Inc. $XPO

Thornburg Investment Management Inc. trimmed its holdings in XPO, Inc. (NYSE:XPO) by 3.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,061 shares of the transportation company’s stock after selling 2,975 shares during the quarter. Thornburg Investment Management Inc. owned approximately 0.07% of XPO worth $10,996,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bayforest Capital Ltd raised its position in shares of XPO by 72.8% during the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after buying an additional 83 shares during the last quarter. Root Financial Partners LLC purchased a new stake in XPO in the 3rd quarter worth $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of 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. Farmers & Merchants Investments Inc. grew its position in shares of XPO by 247.4% during the third quarter. Farmers & Merchants Investments Inc. now owns 337 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 240 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of XPO by 58.7% in the second quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock worth $51,000 after purchasing an additional 149 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XPO has been the subject of a number of research reports. Citigroup increased their price target on XPO from $167.00 to $205.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Wells Fargo & Company increased their target price on XPO from $147.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. TD Cowen reissued a “buy” rating on shares of XPO in a report on Friday, February 6th. Barclays set a $195.00 price target on shares of XPO and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, Wall Street Zen upgraded shares of XPO from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $178.32.

XPO Trading Down 2.7%

XPO stock opened at $198.92 on Thursday. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $212.71. The stock has a market capitalization of $23.30 billion, a price-to-earnings ratio of 75.06, a price-to-earnings-growth ratio of 2.68 and a beta of 2.01. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.75. The firm’s fifty day simple moving average is $163.03 and its two-hundred day simple moving average is $143.86.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.95 billion. XPO had a net margin of 3.87% and a return on equity of 25.07%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 EPS. As a group, analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO Company 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.