Raymond James Financial Inc. purchased a new stake in shares of XPO, Inc. (NYSE:XPO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 695,063 shares of the transportation company's stock, valued at approximately $91,158,000. Raymond James Financial Inc. owned approximately 0.60% of XPO at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. D1 Capital Partners L.P. raised its holdings in shares of XPO by 84.2% during the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company's stock valued at $506,484,000 after purchasing an additional 2,153,042 shares in the last quarter. State Street Corp raised its holdings in shares of XPO by 1.1% during the 3rd quarter. State Street Corp now owns 3,477,846 shares of the transportation company's stock valued at $373,903,000 after purchasing an additional 37,486 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of XPO by 0.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company's stock valued at $165,299,000 after purchasing an additional 10,318 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of XPO during the 4th quarter valued at $163,938,000. Finally, Life Planning Partners Inc raised its holdings in shares of XPO by 12,923.2% during the 4th quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company's stock valued at $109,824,000 after purchasing an additional 830,963 shares in the last quarter. Institutional investors own 97.73% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on XPO shares. Raymond James cut their price target on shares of XPO from $170.00 to $165.00 and set an "outperform" rating on the stock in a report on Friday, February 7th. Stifel Nicolaus upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $147.00 target price on the stock in a research note on Monday, February 24th. Jefferies Financial Group raised their target price on shares of XPO from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Benchmark raised their target price on shares of XPO from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, UBS Group raised their target price on shares of XPO from $159.00 to $170.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Eighteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $160.06.
Read Our Latest Stock Report on XPO
XPO Price Performance
Shares of XPO stock traded up $1.79 during trading on Wednesday, hitting $108.95. 1,810,662 shares of the company's stock traded hands, compared to its average volume of 1,486,480. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The firm's fifty day moving average price is $132.43 and its 200 day moving average price is $129.91. XPO, Inc. has a twelve month low of $97.03 and a twelve month high of $161.00. The company has a market cap of $12.77 billion, a PE ratio of 33.73, a PEG ratio of 1.79 and a beta of 2.13.
XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share 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%. Analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.
About XPO
(
Free Report)
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.
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