International Assets Investment Management LLC boosted its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 9,378.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,038 shares of the transportation company's stock after purchasing an additional 31,700 shares during the quarter. International Assets Investment Management LLC's holdings in XPO were worth $3,444,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of XPO. D1 Capital Partners L.P. acquired a new position in shares of XPO during the 2nd quarter worth $271,532,000. Capital Research Global Investors lifted its stake in XPO by 9.8% in the 1st quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company's stock valued at $1,245,131,000 after buying an additional 912,544 shares in the last quarter. Clearbridge Investments LLC grew its holdings in XPO by 33.4% during the 1st quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company's stock valued at $272,699,000 after buying an additional 560,079 shares during 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. Finally, Renaissance Technologies LLC purchased a new position in XPO during the second quarter worth $16,540,000. Institutional investors and hedge funds own 97.73% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on XPO shares. JPMorgan Chase & Co. lowered their price target on shares of XPO from $147.00 to $143.00 and set an "overweight" rating for the company in a report on Friday, September 6th. 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. Barclays increased their price target on XPO from $145.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday. Bank of America lowered their price objective on XPO from $135.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, July 22nd. Finally, The Goldman Sachs Group dropped their target price on XPO from $139.00 to $136.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, XPO presently has an average rating of "Moderate Buy" and an average price target of $138.38.
Check Out Our Latest Stock Analysis on XPO
XPO Trading Down 0.3 %
Shares of XPO stock traded down $0.34 during mid-day trading on Friday, reaching $130.19. The company's stock had a trading volume of 860,079 shares, compared to its average volume of 1,561,473. The company has a quick ratio of 1.00, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $15.15 billion, a PE ratio of 42.13, a price-to-earnings-growth ratio of 2.08 and a beta of 2.07. The company's 50 day simple moving average is $112.67 and its 200-day simple moving average is $111.19. XPO, Inc. has a 12-month low of $78.01 and a 12-month high of $138.71.
XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the company posted $0.88 earnings per share. The firm's revenue was up 3.7% compared to the same quarter last year. On average, research analysts predict that XPO, Inc. will post 3.55 EPS for the current fiscal year.
About XPO
(
Free Report)
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.
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