Oppenheimer & Co. Inc. Has $8.20 Million Stake in XPO, Inc. (NYSE:XPO)

Oppenheimer & Co. Inc. boosted its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 17.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,231 shares of the transportation company's stock after purchasing an additional 11,180 shares during the period. Oppenheimer & Co. Inc. owned about 0.07% of XPO worth $8,196,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. 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 purchasing an additional 912,544 shares during the last quarter. Capital World Investors boosted its holdings in XPO by 3.3% in the 1st quarter. Capital World Investors now owns 4,492,089 shares of the transportation company's stock valued at $548,170,000 after purchasing an additional 142,908 shares during the period. 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 holdings in shares of 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 purchasing an additional 253,519 shares during the period. Finally, Dimensional Fund Advisors LP raised 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 buying an additional 130,322 shares in the last quarter. Institutional investors own 97.73% of the company's stock.

XPO Trading Down 0.4 %

NYSE XPO traded down $0.54 during trading hours on Thursday, reaching $148.97. The company's stock had a trading volume of 909,829 shares, compared to its average volume of 1,483,111. The firm has a fifty day simple moving average of $117.74 and a 200-day simple moving average of $112.99. 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, Inc. has a 52 week low of $78.72 and a 52 week high of $156.85. The stock has a market cap of $17.34 billion, a P/E ratio of 48.39, a P/E/G ratio of 2.37 and a beta of 2.07.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The company's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 earnings per share. Equities analysts forecast that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

XPO has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on XPO from $119.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Benchmark restated a "buy" rating and issued a $140.00 target price on shares of XPO in a research report on Thursday, September 19th. Evercore ISI reduced their price target on shares of XPO from $129.00 to $125.00 and set an "outperform" rating on the stock in a research report on Thursday, October 3rd. Susquehanna boosted their price objective on shares of XPO from $145.00 to $160.00 and gave the company a "positive" rating in a research report on Wednesday, September 18th. Finally, Stephens restated an "overweight" rating and set a $150.00 target price on shares of XPO in a research note on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $141.13.

About XPO

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.