Harel Insurance Investments & Financial Services Ltd. Trims Position in XPO, Inc. (NYSE:XPO)

Harel Insurance Investments & Financial Services Ltd. trimmed its stake in XPO, Inc. (NYSE:XPO) by 18.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 947 shares of the transportation company’s stock after selling 220 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in XPO were worth $124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. D1 Capital Partners L.P. raised its holdings in shares of XPO by 84.2% in the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after purchasing an additional 2,153,042 shares in the last quarter. State Street Corp raised its stake in XPO by 1.1% in the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock worth $373,903,000 after buying an additional 37,486 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after buying an additional 253,519 shares during the period. Massachusetts Financial Services Co. MA boosted its position in XPO by 0.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock valued at $165,299,000 after acquiring an additional 10,318 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of XPO by 36.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock valued at $75,131,000 after acquiring an additional 185,686 shares during the period. 97.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on XPO. Jefferies Financial Group upped their price objective on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. increased their price target on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Stephens reaffirmed an “overweight” rating and issued a $165.00 price objective on shares of XPO in a research report on Wednesday, December 4th. Stifel Nicolaus increased their target price on shares of XPO from $124.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday. Finally, TD Cowen lifted their price target on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $151.06.

XPO Price Performance

Shares of NYSE:XPO opened at $139.01 on Friday. XPO, Inc. has a twelve month low of $82.78 and a twelve month high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. The company has a market cap of $16.18 billion, a PE ratio of 44.99, a price-to-earnings-growth ratio of 1.79 and a beta of 2.11. The company’s 50 day moving average is $143.49 and its 200 day moving average is $126.01.

XPO (NYSE:XPO) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 earnings per share. On average, sell-side analysts forecast that XPO, Inc. will post 3.58 EPS for the current year.

XPO Company Profile

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.