Principal Financial Group Inc. Increases Stock Holdings in XPO, Inc. (NYSE:XPO)

Principal Financial Group Inc. boosted its stake in XPO, Inc. (NYSE:XPO - Free Report) by 23.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 480,669 shares of the transportation company's stock after buying an additional 91,973 shares during the quarter. Principal Financial Group Inc. owned approximately 0.41% of XPO worth $51,677,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Traynor Capital Management Inc. lifted its position in shares of XPO by 125.2% in the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company's stock valued at $2,596,000 after acquiring an additional 13,422 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in XPO by 38.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company's stock valued at $21,782,000 after purchasing an additional 57,192 shares in the last quarter. Hsbc Holdings PLC boosted its stake in XPO by 595.5% during the 2nd quarter. Hsbc Holdings PLC now owns 25,565 shares of the transportation company's stock worth $2,718,000 after purchasing an additional 21,889 shares during the last quarter. Comerica Bank grew its holdings in shares of XPO by 10.8% during the first quarter. Comerica Bank now owns 54,529 shares of the transportation company's stock worth $6,654,000 after buying an additional 5,336 shares in the last quarter. Finally, Algert Global LLC grew its holdings in shares of XPO by 46.2% during the second quarter. Algert Global LLC now owns 50,005 shares of the transportation company's stock worth $5,308,000 after buying an additional 15,795 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Citigroup boosted their price target on shares of XPO from $127.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Bank of America lowered their target price on XPO from $135.00 to $134.00 and set a "buy" rating on the stock in a report on Monday, July 22nd. Susquehanna upped their price target on XPO from $145.00 to $160.00 and gave the company a "positive" rating in a research report on Wednesday, September 18th. Oppenheimer reiterated an "outperform" rating and set a $140.00 price objective on shares of XPO in a research report on Friday, October 4th. Finally, Wells Fargo & Company upped their target price on XPO from $119.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $138.38.

XPO Stock Up 1.9 %

Shares of NYSE:XPO traded up $2.95 during trading hours on Monday, reaching $155.18. The stock had a trading volume of 1,375,752 shares, compared to its average volume of 1,489,109. XPO, Inc. has a 1 year low of $78.72 and a 1 year high of $156.85. The firm's 50 day moving average is $115.43 and its 200-day moving average is $112.18. The stock has a market capitalization of $18.06 billion, a price-to-earnings ratio of 50.50, a P/E/G ratio of 2.38 and a beta of 2.07. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO - Get Free Report) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.89 by $0.13. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 earnings per share. Research analysts predict that XPO, Inc. will post 3.62 earnings per share 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.