Jag Capital Management LLC Grows Stock Holdings in XPO, Inc. (NYSE:XPO)

Jag Capital Management LLC increased its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 19.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 108,076 shares of the transportation company's stock after acquiring an additional 17,619 shares during the period. XPO makes up about 2.0% of Jag Capital Management LLC's portfolio, making the stock its 20th largest holding. Jag Capital Management LLC owned 0.09% of XPO worth $14,174,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of XPO. Creative Planning increased its position in shares of XPO by 11.3% in the third quarter. Creative Planning now owns 6,019 shares of the transportation company's stock valued at $647,000 after buying an additional 611 shares in the last quarter. State of Alaska Department of Revenue grew its stake in XPO by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 13,514 shares of the transportation company's stock valued at $1,452,000 after acquiring an additional 915 shares during the period. Stephens Inc. AR increased its holdings in XPO by 6.4% in the 3rd quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company's stock worth $256,000 after acquiring an additional 142 shares in the last quarter. QRG Capital Management Inc. raised its position in XPO by 8.8% during the third quarter. QRG Capital Management Inc. now owns 3,962 shares of the transportation company's stock worth $426,000 after acquiring an additional 322 shares during the period. Finally, Quintet Private Bank Europe S.A. lifted its holdings in XPO by 4.2% during the third quarter. Quintet Private Bank Europe S.A. now owns 5,071 shares of the transportation company's stock valued at $524,000 after purchasing an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

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Analyst Upgrades and Downgrades

XPO has been the subject of a number of research reports. Benchmark boosted their target price on shares of XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their target price on XPO from $146.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft began coverage on XPO in a research note on Friday. They issued a "buy" rating and a $156.00 price target on the stock. Stifel Nicolaus raised XPO from a "hold" rating to a "buy" rating and set a $147.00 price objective for the company in a research note on Monday, February 24th. Finally, Susquehanna raised shares of XPO from a "neutral" rating to a "positive" rating and lifted their target price for the stock from $155.00 to $180.00 in a research note on Friday, February 7th. Eighteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $160.89.

XPO Trading Down 2.7 %

XPO traded down $2.99 during trading hours on Friday, reaching $108.07. The company's stock had a trading volume of 2,345,562 shares, compared to its average volume of 1,475,979. The stock has a market cap of $12.67 billion, a PE ratio of 33.46, a P/E/G ratio of 1.79 and a beta of 2.13. XPO, Inc. has a fifty-two week low of $97.03 and a fifty-two week 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. The business's 50-day moving average is $134.36 and its 200-day moving average is $130.24.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. As a group, equities research analysts predict that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

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.