Massachusetts Financial Services Co. MA Sells 14,927 Shares of XPO, Inc. $XPO

Massachusetts Financial Services Co. MA trimmed its holdings in shares of XPO, Inc. (NYSE:XPO) by 5.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 239,738 shares of the transportation company’s stock after selling 14,927 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in XPO were worth $32,583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vise Technologies Inc. raised its stake in shares of XPO by 3.4% during the third quarter. Vise Technologies Inc. now owns 2,301 shares of the transportation company’s stock worth $297,000 after buying an additional 76 shares during the last quarter. Signaturefd LLC raised its stake in shares of XPO by 9.9% during the fourth quarter. Signaturefd LLC now owns 880 shares of the transportation company’s stock worth $120,000 after buying an additional 79 shares during the last quarter. Parkside Financial Bank & Trust raised 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 worth $57,000 after buying an additional 82 shares during the last quarter. Archer Investment Corp raised its stake in shares of XPO by 9.6% during 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 during the last quarter. Finally, Bayforest Capital Ltd raised its stake in shares of XPO by 72.8% during 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 during the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Stock Down 1.0%

Shares of NYSE:XPO opened at $210.44 on Thursday. XPO, Inc. has a 52 week low of $91.66 and a 52 week high of $220.50. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $24.71 billion, a PE ratio of 79.41, a PEG ratio of 2.79 and a beta of 1.94. The company has a 50 day moving average price of $198.78 and a two-hundred day moving average price of $160.48.

XPO (NYSE:XPO) last issued its earnings results on Thursday, February 5th. The transportation company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.76 by $0.12. XPO had a net margin of 3.87% and a return on equity of 25.07%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

Analyst Ratings Changes

XPO has been the subject of a number of recent research reports. TD Cowen reissued a “buy” rating on shares of XPO in a research note on Friday, February 6th. Morgan Stanley reissued an “underweight” rating and set a $95.00 price target on shares of XPO in a research note on Thursday, February 5th. Wells Fargo & Company boosted their price target on shares of XPO from $205.00 to $225.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of XPO in a research note on Friday, February 6th. Finally, Zacks Research raised shares of XPO from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.19.

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.