Channing Capital Management LLC Has $14.28 Million Holdings in XPO, Inc. (NYSE:XPO)

Channing Capital Management LLC trimmed its position in shares of XPO, Inc. (NYSE:XPO) by 86.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,866 shares of the transportation company’s stock after selling 696,333 shares during the period. Channing Capital Management LLC’s holdings in XPO were worth $14,278,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of XPO. D1 Capital Partners L.P. boosted its position in shares of XPO by 84.2% during the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after acquiring an additional 2,153,042 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in XPO during the fourth quarter worth $163,938,000. Life Planning Partners Inc increased its stake in shares of XPO by 12,923.2% in the 4th quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock valued at $109,824,000 after purchasing an additional 830,963 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of XPO in the 4th quarter valued at $91,158,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of XPO by 239.5% during 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 in the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Price Performance

XPO stock opened at $106.38 on Tuesday. The stock’s 50 day moving average is $133.36 and its 200 day moving average is $130.19. XPO, Inc. has a one year low of $97.03 and a one year high of $161.00. The firm has a market cap of $12.47 billion, a P/E ratio of 32.93, a P/E/G ratio of 1.79 and a beta of 2.13. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

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, topping 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, research analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on XPO. UBS Group lifted their target price on XPO from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. lifted their price target on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Jefferies Financial Group upped their price objective on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Bank of America cut their target price on shares of XPO from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, Vertical Research upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Thursday, March 6th. Eighteen analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $160.06.

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.