Neuberger Berman Group LLC Trims Stake in XPO, Inc. $XPO

Neuberger Berman Group LLC lowered its position in XPO, Inc. (NYSE:XPO) by 90.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,849 shares of the transportation company’s stock after selling 106,771 shares during the period. Neuberger Berman Group LLC’s holdings in XPO were worth $1,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Parkside Financial Bank & Trust boosted its stake in shares of XPO by 23.0% during the third quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 82 shares in the last quarter. Archer Investment Corp raised its stake in XPO by 9.6% in the third quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock worth $120,000 after buying an additional 82 shares in the last quarter. Bayforest Capital Ltd raised its stake in XPO by 72.8% in the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after buying an additional 83 shares in the last quarter. Bessemer Group Inc. lifted its holdings in 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 buying an additional 87 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after buying an additional 88 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Trading Down 8.6%

Shares of NYSE:XPO opened at $188.48 on Friday. The business’s 50-day moving average is $172.42 and its 200 day moving average is $147.79. 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 $220.50. The firm has a market capitalization of $22.08 billion, a P/E ratio of 71.12, a P/E/G ratio of 2.44 and a beta of 1.94.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on XPO shares. Wall Street Zen upgraded XPO from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Weiss Ratings restated a “hold (c)” rating on shares of XPO in a research note on Wednesday, January 21st. Morgan Stanley reaffirmed an “underweight” rating and set a $95.00 price objective on shares of XPO in a research report on Thursday, February 5th. BMO Capital Markets set a $230.00 target price on XPO in a research note on Thursday, February 19th. Finally, Zacks Research upgraded shares of XPO from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $181.57.

About XPO

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.