XPO, Inc. (NYSE:XPO) Position Lifted by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in XPO, Inc. (NYSE:XPO - Free Report) by 25.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,648 shares of the transportation company's stock after acquiring an additional 5,680 shares during the quarter. BNP Paribas Financial Markets' holdings in XPO were worth $2,972,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. D1 Capital Partners L.P. purchased a new position in XPO in the 2nd quarter valued at about $271,532,000. The Manufacturers Life Insurance Company lifted its stake in shares of XPO by 239.5% during the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company's stock valued at $59,486,000 after buying an additional 390,320 shares during the period. Clearbridge Investments LLC boosted its position 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 acquiring an additional 253,519 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in XPO during the third quarter worth approximately $18,071,000. Finally, Renaissance Technologies LLC purchased a new stake in XPO in the 2nd quarter worth approximately $16,540,000. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Stock Up 0.8 %

NYSE XPO traded up $1.24 on Friday, reaching $151.63. The company had a trading volume of 1,202,855 shares, compared to its average volume of 1,460,603. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. XPO, Inc. has a 1 year low of $78.72 and a 1 year high of $156.85. The firm has a 50-day moving average of $131.73 and a 200-day moving average of $117.59. The firm has a market capitalization of $17.65 billion, a PE ratio of 49.07, a P/E/G ratio of 2.30 and a beta of 2.08.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the business posted $0.88 EPS. The firm's revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that XPO, Inc. will post 3.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on XPO shares. Barclays raised their price objective on XPO from $150.00 to $170.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Benchmark restated a "buy" rating and issued a $140.00 price target on shares of XPO in a report on Thursday, September 19th. Evercore ISI cut their price objective on shares of XPO from $129.00 to $125.00 and set an "outperform" rating on the stock in a report on Thursday, October 3rd. Stephens restated an "overweight" rating and issued a $165.00 target price on shares of XPO in a report on Wednesday. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $140.00 price target on shares of XPO in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $143.13.

XPO 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.