Natixis Advisors LLC Increases Stock Holdings in XPO, Inc. (NYSE:XPO)

Natixis Advisors LLC boosted its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 118.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,016 shares of the transportation company's stock after acquiring an additional 23,339 shares during the period. Natixis Advisors LLC's holdings in XPO were worth $4,625,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. D1 Capital Partners L.P. acquired a new position in shares of XPO during the 2nd quarter worth approximately $271,532,000. Clearbridge Investments LLC increased 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 buying an additional 253,519 shares in the last quarter. Interval Partners LP increased its position in XPO by 48,850.0% during the first quarter. Interval Partners LP now owns 195,000 shares of the transportation company's stock worth $23,796,000 after buying an additional 195,400 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of XPO in the second quarter worth $16,540,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of XPO by 9.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company's stock valued at $159,243,000 after acquiring an additional 130,322 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on XPO shares. Oppenheimer reissued an "outperform" rating and issued a $140.00 target price on shares of XPO in a research note on Friday, October 4th. The Goldman Sachs Group cut their price objective on shares of XPO from $139.00 to $136.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. reduced their price objective on shares of XPO from $147.00 to $143.00 and set an "overweight" rating on the stock in a research note on Friday, September 6th. Susquehanna lifted their target price on shares of XPO from $145.00 to $160.00 and gave the stock a "positive" rating in a research note on Wednesday, September 18th. Finally, Evercore ISI cut their price target on XPO from $129.00 to $125.00 and set an "outperform" rating for the company in a report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $141.13.

XPO Stock Performance

NYSE XPO opened at $148.94 on Friday. The business's 50-day simple moving average is $123.80 and its 200-day simple moving average is $114.80. The firm has a market capitalization of $17.34 billion, a P/E ratio of 48.20, a P/E/G ratio of 2.25 and a beta of 2.07. XPO, Inc. has a 1-year low of $78.72 and a 1-year high of $156.85. 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 (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. XPO's revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts predict that XPO, Inc. will post 3.62 EPS for the current 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.