Retirement Systems of Alabama Has $32.46 Million Position in XPO, Inc. (NYSE:XPO)

Retirement Systems of Alabama lessened its position in XPO, Inc. (NYSE:XPO) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,497 shares of the transportation company’s stock after selling 4,508 shares during the period. Retirement Systems of Alabama owned about 0.21% of XPO worth $32,459,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Stifel Financial Corp raised its stake in XPO by 159.1% in the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after acquiring an additional 43,237 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of XPO during the 3rd quarter worth about $534,000. Traynor Capital Management Inc. boosted its holdings in shares of XPO by 125.2% during the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after buying an additional 13,422 shares during the period. Exchange Traded Concepts LLC acquired a new position in XPO in the 4th quarter valued at about $423,000. Finally, PCJ Investment Counsel Ltd. raised its holdings in XPO by 36.2% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after acquiring an additional 10,740 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Price Performance

Shares of XPO opened at $136.63 on Thursday. The business’s 50 day moving average price is $141.63 and its two-hundred day moving average price is $127.50. The firm has a market cap of $15.90 billion, a PE ratio of 44.22, a price-to-earnings-growth ratio of 1.75 and a beta of 2.12. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a 52-week low of $95.66 and a 52-week high of $161.00.

Analyst Ratings Changes

A number of research analysts recently commented on the company. The Goldman Sachs Group boosted their price target on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Benchmark raised their target price on XPO from $150.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Oppenheimer boosted their price target on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Stephens reaffirmed an “overweight” rating and issued a $165.00 price objective on shares of XPO in a research note on Wednesday, December 4th. Finally, Susquehanna downgraded XPO from a “positive” rating to a “neutral” rating and lowered their target price for the stock from $160.00 to $155.00 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, XPO has a consensus rating of “Moderate Buy” and an average price target of $151.06.

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.