Principal Financial Group Inc. Purchases 91,973 Shares of XPO, Inc. (NYSE:XPO)

Principal Financial Group Inc. grew its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 23.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 480,669 shares of the transportation company's stock after purchasing an additional 91,973 shares during the period. Principal Financial Group Inc. owned approximately 0.41% of XPO worth $51,677,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in XPO during the third quarter valued at $25,000. Blue Trust Inc. boosted its stake in XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company's stock worth $27,000 after acquiring an additional 258 shares in the last quarter. Quest Partners LLC purchased a new stake in XPO in the second quarter worth about $28,000. International Assets Investment Management LLC purchased a new stake in XPO in the second quarter worth about $36,000. Finally, UMB Bank n.a. increased its stake in shares of XPO by 356.6% during the third quarter. UMB Bank n.a. now owns 452 shares of the transportation company's stock valued at $49,000 after purchasing an additional 353 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

XPO Stock Performance

Shares of XPO stock traded down $2.33 on Monday, hitting $132.92. 2,139,955 shares of the company's stock were exchanged, compared to its average volume of 1,499,334. XPO, Inc. has a 1 year low of $80.26 and a 1 year high of $161.00. The company has a 50-day simple moving average of $140.59 and a 200-day simple moving average of $120.98. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $15.47 billion, a PE ratio of 43.02, a PEG ratio of 2.37 and a beta of 2.08.

XPO (NYSE:XPO - Get Free Report) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. The company had revenue of $2.05 billion for 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 quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 earnings per share. As a group, equities analysts anticipate that XPO, Inc. will post 3.62 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on XPO shares. Stifel Nicolaus upped their price target on XPO from $125.00 to $126.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. The Goldman Sachs Group increased their target price on XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Oppenheimer lifted their price target on XPO from $148.00 to $176.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Benchmark reiterated a "buy" rating and issued a $140.00 price target on shares of XPO in a research note on Thursday, September 19th. Finally, Barclays raised their price objective on shares of XPO from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Two analysts have rated the stock with a sell rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $147.31.

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.