OFI Invest Asset Management Makes New $732,000 Investment in XPO, Inc. (NYSE:XPO)

OFI Invest Asset Management purchased a new stake in XPO, Inc. (NYSE:XPO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,780 shares of the transportation company's stock, valued at approximately $732,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in shares of XPO in the fourth quarter valued at approximately $29,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of XPO during the fourth quarter valued at $42,000. Cullen Frost Bankers Inc. lifted its holdings in shares of XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after purchasing an additional 130 shares during the period. Larson Financial Group LLC grew its stake in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after purchasing an additional 76 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in XPO in the third quarter valued at $57,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on XPO. Vertical Research raised XPO from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a report on Thursday, March 6th. Jefferies Financial Group increased their target price on shares of XPO from $150.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Barclays dropped their price target on shares of XPO from $165.00 to $150.00 and set an "overweight" rating on the stock in a research report on Monday. Wells Fargo & Company lowered their target price on shares of XPO from $175.00 to $170.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Finally, Citigroup lifted their price objective on XPO from $155.00 to $179.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Eighteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $160.06.

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XPO Stock Up 1.7 %

Shares of NYSE XPO traded up $1.79 during mid-day trading on Wednesday, reaching $108.95. 1,810,662 shares of the company's stock traded hands, compared to its average volume of 1,486,480. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. XPO, Inc. has a 1-year low of $97.03 and a 1-year high of $161.00. The stock has a market cap of $12.77 billion, a P/E ratio of 33.73, a PEG ratio of 1.79 and a beta of 2.13. The business has a 50-day simple moving average of $132.43 and a 200 day simple moving average of $129.91.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, analysts expect that XPO, Inc. will post 4.15 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.