State Street Corp Has $373.90 Million Holdings in XPO, Inc. (NYSE:XPO)

State Street Corp grew its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 1.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 3,477,846 shares of the transportation company's stock after acquiring an additional 37,486 shares during the quarter. State Street Corp owned about 2.99% of XPO worth $373,903,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Traynor Capital Management Inc. lifted its position in XPO by 125.2% during the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company's stock worth $2,596,000 after purchasing an additional 13,422 shares during the period. PCJ Investment Counsel Ltd. lifted its holdings in shares of XPO by 36.2% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company's stock worth $4,344,000 after acquiring an additional 10,740 shares during the period. Whalen Wealth Management Inc. acquired a new stake in shares of XPO during the 3rd quarter worth approximately $706,000. Westwood Holdings Group Inc. increased its stake in XPO by 38.6% in the second quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company's stock valued at $21,782,000 after acquiring an additional 57,192 shares during the last quarter. Finally, Forest Avenue Capital Management LP raised its position in XPO by 22.6% during the third quarter. Forest Avenue Capital Management LP now owns 356,211 shares of the transportation company's stock valued at $38,296,000 after purchasing an additional 65,742 shares in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on XPO shares. Evercore ISI decreased their price target on XPO from $129.00 to $125.00 and set an "outperform" rating on the stock in a research note on Thursday, October 3rd. TD Cowen boosted their target price on XPO from $137.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Wells Fargo & Company raised their price target on shares of XPO from $119.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. The Goldman Sachs Group lowered their price objective on shares of XPO from $139.00 to $136.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Finally, Benchmark restated a "buy" rating and issued a $140.00 target price on shares of XPO in a research report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $143.13.

XPO Trading Up 0.8 %

Shares of XPO stock traded up $1.21 on Tuesday, hitting $154.72. 2,529,027 shares of the company's stock traded hands, compared to its average volume of 1,472,521. The company has a market capitalization of $18.01 billion, a price-to-earnings ratio of 49.90, a price-to-earnings-growth ratio of 2.30 and a beta of 2.08. The company has a fifty day moving average of $132.65 and a two-hundred day moving average of $118.09. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. XPO, Inc. has a one year low of $80.26 and a one year high of $159.43.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the firm posted $0.88 EPS. The company's quarterly revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts expect that XPO, Inc. will post 3.62 earnings per share for the current 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.