State of New Jersey Common Pension Fund D Lowers Position in XPO, Inc. (NYSE:XPO)

State of New Jersey Common Pension Fund D cut its stake in XPO, Inc. (NYSE:XPO) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,184 shares of the transportation company’s stock after selling 540 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in XPO were worth $5,664,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Versant Capital Management Inc bought a new position in shares of XPO in the fourth quarter valued at approximately $29,000. Brooklyn Investment Group bought a new position in shares of XPO in the third quarter valued at approximately $57,000. UMB Bank n.a. grew its holdings in shares of XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 86 shares in the last quarter. Continuum Advisory LLC grew its holdings in shares of XPO by 51.3% in the third quarter. Continuum Advisory LLC now owns 900 shares of the transportation company’s stock valued at $97,000 after acquiring an additional 305 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of XPO in the third quarter valued at approximately $108,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Trading Down 0.8 %

Shares of XPO stock opened at $144.44 on Wednesday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a 52-week low of $97.03 and a 52-week high of $161.00. The company has a market capitalization of $16.81 billion, a PE ratio of 44.72, a price-to-earnings-growth ratio of 1.93 and a beta of 2.12. The business’s fifty day moving average is $140.30 and its 200 day moving average is $129.56.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, equities research analysts anticipate that XPO, Inc. will post 4.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on XPO. Citigroup upped their target price on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Wells Fargo & Company reduced their target price on XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. increased their price objective on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Raymond James reduced their price objective on XPO from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, February 7th. Finally, Benchmark increased their price objective on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.13.

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.