Principal Financial Group Inc. Purchases 6,977 Shares of XPO, Inc. (NYSE:XPO)

Principal Financial Group Inc. raised its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 487,646 shares of the transportation company's stock after buying an additional 6,977 shares during the period. Principal Financial Group Inc. owned 0.42% of XPO worth $63,955,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Versant Capital Management Inc bought a new position in shares of XPO in the 4th quarter valued at approximately $29,000. Brooklyn Investment Group bought a new position in XPO during the third quarter worth $57,000. UMB Bank n.a. raised its holdings in XPO by 19.0% in the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock valued at $71,000 after acquiring an additional 86 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of XPO by 51.3% in the 3rd quarter. Continuum Advisory LLC now owns 900 shares of the transportation company's stock valued at $97,000 after buying an additional 305 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of XPO during the 3rd quarter worth about $108,000. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Stock Down 3.8 %

XPO stock traded down $5.16 during mid-day trading on Thursday, hitting $132.24. 1,427,903 shares of the company were exchanged, compared to its average volume of 1,442,097. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a 1-year low of $97.03 and a 1-year high of $161.00. The firm's 50 day simple moving average is $139.69 and its 200 day simple moving average is $129.86. The firm has a market cap of $15.50 billion, a P/E ratio of 40.94, a P/E/G ratio of 1.95 and a beta of 2.12.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. On average, sell-side analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Analysts Set New Price Targets

XPO has been the topic of a number of analyst reports. Stephens reissued an "overweight" rating and issued a $165.00 target price on shares of XPO in a research note on Wednesday, December 4th. Citigroup upped their target price on shares of XPO from $155.00 to $179.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Wells Fargo & Company cut their price target on shares of XPO from $175.00 to $170.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus lifted their price target on shares of XPO from $124.00 to $147.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group lifted their price objective on XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, XPO currently has an average rating of "Moderate Buy" and a consensus price target of $161.13.

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.