Sargent Investment Group LLC Cuts Stock Holdings in XPO, Inc. (NYSE:XPO)

Sargent Investment Group LLC lowered its holdings in XPO, Inc. (NYSE:XPO) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,545 shares of the transportation company’s stock after selling 139 shares during the quarter. Sargent Investment Group LLC’s holdings in XPO were worth $1,013,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of XPO. Norges Bank bought a new position in XPO in the fourth quarter worth approximately $79,592,000. CenterBook Partners LP purchased a new stake in shares of XPO during the 4th quarter worth $779,000. Janney Montgomery Scott LLC lifted its stake in shares of XPO by 4.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock worth $5,364,000 after purchasing an additional 1,712 shares during the last quarter. Empirical Capital Management LLC bought a new stake in XPO during the fourth quarter valued at about $4,380,000. Finally, Boulder Hill Capital Management LP purchased a new position in XPO in the fourth quarter valued at about $692,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Performance

Shares of NYSE XPO opened at $109.36 on Tuesday. The company has a 50 day simple moving average of $112.52 and a two-hundred day simple moving average of $113.55. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of 53.61, a PEG ratio of 1.72 and a beta of 2.11. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO, Inc. has a 12 month low of $65.80 and a 12 month high of $130.51.

XPO (NYSE:XPO) last posted its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 earnings per share. As a group, analysts predict that XPO, Inc. will post 3.6 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on XPO. JPMorgan Chase & Co. decreased their price target on shares of XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research report on Friday, September 6th. Benchmark reissued a “buy” rating and set a $140.00 target price on shares of XPO in a research report on Friday, August 2nd. Stephens reaffirmed an “overweight” rating and issued a $150.00 price target on shares of XPO in a report on Thursday, September 5th. Raymond James reduced their price target on XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, June 24th. Finally, Evercore ISI lowered their price objective on XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and an average target price of $129.29.

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.