First Hawaiian Bank Increases Holdings in XPO, Inc. (NYSE:XPO)

First Hawaiian Bank increased its stake in XPO, Inc. (NYSE:XPO - Free Report) by 51.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,460 shares of the transportation company's stock after buying an additional 4,928 shares during the quarter. First Hawaiian Bank's holdings in XPO were worth $1,896,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC purchased a new stake in shares of XPO during the 3rd quarter worth approximately $25,000. Quest Partners LLC bought a new stake in shares of XPO in the second quarter valued at $28,000. Versant Capital Management Inc bought a new position in shares of XPO during the 4th quarter worth $29,000. UMB Bank n.a. increased its holdings in XPO by 356.6% in the 3rd quarter. UMB Bank n.a. now owns 452 shares of the transportation company's stock worth $49,000 after acquiring an additional 353 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in XPO in the 3rd quarter valued at about $57,000. Institutional investors own 97.73% of the company's stock.

Wall Street Analysts Forecast Growth

XPO has been the subject of a number of research reports. Evercore ISI cut their target price on shares of XPO from $129.00 to $125.00 and set an "outperform" rating for the company in a research report on Thursday, October 3rd. Stifel Nicolaus lifted their price objective on shares of XPO from $125.00 to $126.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Benchmark restated a "buy" rating and set a $140.00 target price on shares of XPO in a research report on Thursday, September 19th. Susquehanna lowered XPO from a "positive" rating to a "neutral" rating and cut their price target for the stock from $160.00 to $155.00 in a report on Tuesday. Finally, Citigroup boosted their price objective on XPO from $155.00 to $179.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $148.25.

XPO Price Performance

XPO traded up $1.66 on Thursday, reaching $137.12. The company had a trading volume of 1,130,071 shares, compared to its average volume of 1,756,674. 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 $80.26 and a 52-week high of $161.00. The company has a market cap of $15.96 billion, a price-to-earnings ratio of 44.38, a P/E/G ratio of 2.37 and a beta of 2.11. The business has a 50 day simple moving average of $145.47 and a 200 day simple moving average of $123.60.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.88 earnings per share. As a group, sell-side analysts anticipate that XPO, Inc. will post 3.62 EPS for the current year.

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.