Fishman Jay A Ltd. MI Has $41.59 Million Position in XPO, Inc. (NYSE:XPO)

Fishman Jay A Ltd. MI lessened its holdings in XPO, Inc. (NYSE:XPO) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 317,091 shares of the transportation company’s stock after selling 2,977 shares during the period. XPO makes up approximately 3.9% of Fishman Jay A Ltd. MI’s holdings, making the stock its 7th biggest holding. Fishman Jay A Ltd. MI’s holdings in XPO were worth $41,586,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of XPO. D1 Capital Partners L.P. boosted its holdings in shares of XPO by 84.2% in the third 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 during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of XPO by 239.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock worth $59,486,000 after buying an additional 390,320 shares during the period. Holocene Advisors LP lifted its holdings in shares of XPO by 61.2% in the 3rd quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock worth $73,529,000 after buying an additional 259,727 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in shares of XPO by 140.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 404,835 shares of the transportation company’s stock worth $53,095,000 after buying an additional 236,745 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of XPO by 36.2% during the third quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock valued at $75,131,000 after buying an additional 185,686 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

XPO has been the topic of several recent research reports. Raymond James dropped their target price on shares of XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. TD Cowen increased their price objective on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group boosted their price objective on shares of XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Benchmark increased their target price on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group boosted their price target on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.35.

XPO Stock Performance

XPO opened at $148.10 on Wednesday. The company has a market cap of $17.24 billion, a P/E ratio of 45.85, a price-to-earnings-growth ratio of 1.93 and a beta of 2.12. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The firm’s 50-day moving average price is $141.04 and its 200-day moving average price is $128.41. XPO, Inc. has a 52-week low of $97.03 and a 52-week high of $161.00.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (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%. As a group, equities analysts anticipate that XPO, Inc. will post 4.16 EPS for the current fiscal 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.