PCJ Investment Counsel Ltd. Acquires 10,740 Shares of XPO, Inc. (NYSE:XPO)

PCJ Investment Counsel Ltd. grew its position in XPO, Inc. (NYSE:XPO - Free Report) by 36.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 40,410 shares of the transportation company's stock after buying an additional 10,740 shares during the period. XPO makes up about 1.4% of PCJ Investment Counsel Ltd.'s investment portfolio, making the stock its 21st largest holding. PCJ Investment Counsel Ltd.'s holdings in XPO were worth $4,344,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Commerce Bank purchased a new position in shares of XPO during the 3rd quarter worth $210,000. Fifth Third Wealth Advisors LLC grew its stake in XPO by 16.3% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,572 shares of the transportation company's stock worth $492,000 after buying an additional 640 shares during the period. Whalen Wealth Management Inc. acquired a new stake in shares of XPO in the 3rd quarter worth about $706,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of XPO during the 3rd quarter valued at about $18,071,000. Finally, Natixis Advisors LLC lifted its position in shares of XPO by 118.6% in the third quarter. Natixis Advisors LLC now owns 43,016 shares of the transportation company's stock worth $4,625,000 after purchasing an additional 23,339 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on XPO. Stifel Nicolaus lifted their price objective on XPO from $125.00 to $126.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. JPMorgan Chase & Co. dropped their price target on XPO from $147.00 to $143.00 and set an "overweight" rating on the stock in a research note on Friday, September 6th. Oppenheimer reaffirmed an "outperform" rating and set a $140.00 price target on shares of XPO in a research report on Friday, October 4th. Stephens restated an "overweight" rating and set a $150.00 price target on shares of XPO in a research report on Thursday, September 5th. Finally, Barclays lifted their target price on XPO from $150.00 to $170.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $141.13.

XPO Trading Up 0.0 %

XPO traded up $0.02 during mid-day trading on Wednesday, hitting $145.79. 326,194 shares of the stock were exchanged, compared to its average volume of 1,471,816. The company has a market cap of $16.97 billion, a PE ratio of 47.17, a PEG ratio of 2.19 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 firm's fifty day moving average is $121.29 and its two-hundred day moving average is $114.06. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 31.16% and a net margin of 4.57%. XPO's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 earnings per share. Equities analysts forecast that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

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.