UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 262,945 shares of the transportation company's stock after selling 21,473 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of XPO worth $28,269,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. D1 Capital Partners L.P. acquired a new position in XPO in the 2nd quarter worth $271,532,000. The Manufacturers Life Insurance Company boosted its position in shares of XPO by 239.5% during the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company's stock worth $59,486,000 after buying an additional 390,320 shares during the period. Clearbridge Investments LLC grew its holdings in shares of XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company's stock worth $264,124,000 after buying an additional 253,519 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in XPO in the 3rd quarter valued at approximately $18,071,000. Finally, Renaissance Technologies LLC bought a new stake in shares of XPO in the second quarter worth $16,540,000. Institutional investors and hedge funds own 97.73% of the company's stock.
Analyst Ratings Changes
Several research firms recently issued reports on XPO. Oppenheimer reiterated an "outperform" rating and set a $140.00 target price on shares of XPO in a report on Friday, October 4th. The Goldman Sachs Group dropped their price target on shares of XPO from $139.00 to $136.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Susquehanna lifted their price target on XPO from $145.00 to $160.00 and gave the stock a "positive" rating in a report on Wednesday, September 18th. Benchmark reissued a "buy" rating and set a $140.00 target price on shares of XPO in a report on Thursday, September 19th. Finally, Stephens reaffirmed an "overweight" rating and set a $165.00 target price on shares of XPO in a report on Wednesday. Two research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $142.06.
Check Out Our Latest Research Report on XPO
XPO Price Performance
Shares of XPO traded down $3.40 during midday trading on Thursday, hitting $151.73. The company's stock had a trading volume of 451,645 shares, compared to its average volume of 1,457,473. XPO, Inc. has a one year low of $78.72 and a one year high of $156.85. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The company's fifty day simple moving average is $130.14 and its two-hundred day simple moving average is $117.08. The stock has a market capitalization of $17.66 billion, a price-to-earnings ratio of 50.20, a price-to-earnings-growth ratio of 2.30 and a beta of 2.08.
XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) 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 analyst estimates of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm's revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 EPS. As a group, equities analysts expect that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.
XPO Company Profile
(
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.
Featured Articles
Before you consider XPO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and XPO wasn't on the list.
While XPO currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.