Allspring Global Investments Holdings LLC Raises Stock Position in XPO, Inc. (NYSE:XPO)

Allspring Global Investments Holdings LLC raised its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 121.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,777 shares of the transportation company's stock after buying an additional 9,192 shares during the period. Allspring Global Investments Holdings LLC's holdings in XPO were worth $1,804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in XPO. Janney Montgomery Scott LLC raised its holdings in shares of XPO by 4.1% in the first quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company's stock valued at $5,364,000 after purchasing an additional 1,712 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in shares of XPO by 38.6% in the second quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company's stock worth $21,782,000 after purchasing an additional 57,192 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of XPO by 595.5% in the second quarter. Hsbc Holdings PLC now owns 25,565 shares of the transportation company's stock worth $2,718,000 after purchasing an additional 21,889 shares in the last quarter. Comerica Bank increased its stake in shares of XPO by 10.8% in the first quarter. Comerica Bank now owns 54,529 shares of the transportation company's stock worth $6,654,000 after purchasing an additional 5,336 shares in the last quarter. Finally, Algert Global LLC increased its stake in shares of XPO by 46.2% in the second quarter. Algert Global LLC now owns 50,005 shares of the transportation company's stock worth $5,308,000 after purchasing an additional 15,795 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on XPO. Citigroup lifted their target price on shares of XPO from $127.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday. The Goldman Sachs Group lowered their price objective on shares of XPO from $139.00 to $136.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. TD Cowen boosted their price objective on shares of XPO from $137.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday. JPMorgan Chase & Co. decreased their target price 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. Finally, Stifel Nicolaus lifted their target price on shares of XPO from $125.00 to $126.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.82.

XPO Price Performance

Shares of NYSE:XPO traded down $3.36 during midday trading on Thursday, reaching $130.63. 1,548,109 shares of the company's stock traded hands, compared to its average volume of 1,482,013. XPO, Inc. has a 1 year low of $74.77 and a 1 year high of $138.71. The company has a market cap of $15.20 billion, a P/E ratio of 43.40, a PEG ratio of 1.93 and a beta of 2.10. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. The company has a fifty day simple moving average of $112.57 and a two-hundred day simple moving average of $111.27.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The business's revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 EPS. Equities analysts predict that XPO, Inc. will post 3.52 EPS 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.