Catalyst Funds Management Pty Ltd Buys 17,550 Shares of XPO, Inc. (NYSE:XPO)

Catalyst Funds Management Pty Ltd lifted its position in XPO, Inc. (NYSE:XPO - Free Report) by 975.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,350 shares of the transportation company's stock after purchasing an additional 17,550 shares during the quarter. Catalyst Funds Management Pty Ltd's holdings in XPO were worth $2,538,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its holdings in shares of XPO by 159.1% during the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company's stock worth $7,569,000 after buying an additional 43,237 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in XPO during the 3rd quarter valued at $534,000. Exchange Traded Concepts LLC bought a new position in XPO in the 4th quarter valued at $423,000. PCJ Investment Counsel Ltd. boosted its stake in XPO by 36.2% in the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company's stock worth $4,344,000 after purchasing an additional 10,740 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings 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 worth $75,131,000 after purchasing an additional 185,686 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Stephens reaffirmed an "overweight" rating and issued a $171.00 price target on shares of XPO in a report on Wednesday, March 5th. Raymond James reduced their target price on shares of XPO from $170.00 to $165.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Barclays decreased their price target on shares of XPO from $165.00 to $150.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Vertical Research upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 price objective for the company in a research report on Thursday, March 6th. Finally, Benchmark upped their price objective on XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Nineteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $158.47.

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Insider Transactions at XPO

In related news, COO David J. Bates acquired 1,880 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $106.16 per share, with a total value of $199,580.80. Following the transaction, the chief operating officer now owns 21,106 shares of the company's stock, valued at $2,240,612.96. The trade was a 9.78 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% of the company's stock.

XPO Trading Up 2.1 %

Shares of NYSE XPO traded up $2.32 during midday trading on Wednesday, reaching $111.42. 1,985,296 shares of the stock were exchanged, compared to its average volume of 1,493,806. The business has a 50-day simple moving average of $130.16 and a two-hundred day simple moving average of $129.74. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 34.49, a P/E/G ratio of 1.79 and a beta of 2.13. XPO, Inc. has a 12 month low of $97.03 and a 12 month high of $161.00. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share 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, equities research analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

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.