Federated Hermes Inc. Sells 8,915 Shares of XPO, Inc. $XPO

Federated Hermes Inc. decreased its holdings in shares of XPO, Inc. (NYSE:XPO) by 3.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 276,404 shares of the transportation company’s stock after selling 8,915 shares during the period. Federated Hermes Inc.’s holdings in XPO were worth $35,731,000 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. Bayforest Capital Ltd lifted its holdings in XPO by 72.8% in the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after buying an additional 83 shares during the period. RMG Wealth Management LLC bought a new stake in shares of XPO during the 2nd quarter valued at $26,000. Root Financial Partners LLC bought a new stake in shares of XPO during the 3rd quarter valued at $32,000. FNY Investment Advisers LLC acquired a new position in shares of XPO in the 2nd quarter valued at $42,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of XPO by 35.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after purchasing an additional 88 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Trading Up 1.6%

NYSE:XPO opened at $150.68 on Friday. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.02 and a quick ratio of 1.02. The business’s 50-day simple moving average is $143.90 and its 200-day simple moving average is $135.23. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $155.95. The stock has a market capitalization of $17.69 billion, a PE ratio of 54.20, a price-to-earnings-growth ratio of 2.70 and a beta of 2.02.

XPO (NYSE:XPO) last announced its earnings results on Thursday, October 30th. The transportation company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.01 by $0.06. XPO had a net margin of 4.13% and a return on equity of 26.14%. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the company posted $1.02 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. Sell-side analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Evercore ISI reiterated an “in-line” rating and issued a $148.00 price objective (down previously from $151.00) on shares of XPO in a report on Monday, January 12th. Stephens reaffirmed an “overweight” rating and issued a $170.00 price target on shares of XPO in a research note on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of XPO in a research note on Wednesday, January 21st. JPMorgan Chase & Co. decreased their price objective on shares of XPO from $163.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Finally, Rothschild & Co Redburn initiated coverage on shares of XPO in a research note on Wednesday, November 26th. They issued a “buy” rating and a $156.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $153.29.

XPO Profile

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.