Independent Advisor Alliance Sells 5,301 Shares of XPO, Inc. (NYSE:XPO)

Independent Advisor Alliance reduced its position in XPO, Inc. (NYSE:XPO) by 21.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 18,869 shares of the transportation company’s stock after selling 5,301 shares during the quarter. Independent Advisor Alliance’s holdings in XPO were worth $2,475,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of XPO. Versant Capital Management Inc purchased a new stake in XPO in the 4th quarter worth approximately $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of XPO during the 4th quarter valued at $42,000. Cullen Frost Bankers Inc. increased its holdings in shares of XPO by 69.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after purchasing an additional 130 shares during the period. Larson Financial Group LLC raised its position in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after buying an additional 76 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in XPO during the third quarter valued at $57,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

XPO has been the topic of a number of research analyst reports. Truist Financial began coverage on XPO in a research note on Thursday. They issued a “buy” rating and a $130.00 target price on the stock. Raymond James decreased their price objective on shares of XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Susquehanna upgraded shares of XPO from a “neutral” rating to a “positive” rating and lifted their target price for the company from $155.00 to $180.00 in a research report on Friday, February 7th. JPMorgan Chase & Co. boosted their price target on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Stifel Nicolaus upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a research report on Monday, February 24th. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $158.47.

XPO Price Performance

Shares of XPO stock opened at $106.05 on Friday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. XPO, Inc. has a one year low of $97.03 and a one year high of $161.00. The business’s 50 day simple moving average is $131.90 and its two-hundred day simple moving average is $129.75. The stock has a market capitalization of $12.43 billion, a P/E ratio of 32.83, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. Analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

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.