US Bancorp DE boosted its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 30.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,382 shares of the transportation company's stock after buying an additional 5,240 shares during the quarter. US Bancorp DE's holdings in XPO were worth $2,935,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of XPO. D1 Capital Partners L.P. grew its holdings in XPO by 84.2% in the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company's stock worth $506,484,000 after purchasing an additional 2,153,042 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of XPO during the fourth quarter valued at $163,938,000. Life Planning Partners Inc grew its holdings in shares of XPO by 12,923.2% during the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company's stock valued at $109,824,000 after buying an additional 830,963 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings 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 valued at $59,486,000 after buying an additional 390,320 shares during the last quarter. Finally, Holocene Advisors LP grew its holdings in shares of XPO by 61.2% during the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company's stock valued at $73,529,000 after buying an additional 259,727 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on XPO shares. Susquehanna upgraded shares of XPO from a "neutral" rating to a "positive" rating and boosted their target price for the company from $155.00 to $180.00 in a research report on Friday, February 7th. Stephens restated an "overweight" rating and set a $171.00 target price on shares of XPO in a research report on Wednesday. The Goldman Sachs Group upped their price objective on shares of XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Wells Fargo & Company decreased their price objective on shares of XPO from $175.00 to $170.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Finally, Vertical Research upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 price objective for the company in a research report on Thursday. Eighteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $160.89.
Read Our Latest Stock Analysis on XPO
XPO Trading Down 2.7 %
Shares of XPO stock traded down $2.99 during mid-day trading on Friday, hitting $108.07. The stock had a trading volume of 2,345,562 shares, compared to its average volume of 1,478,068. The firm has a 50-day moving average of $133.88 and a two-hundred day moving average of $130.30. XPO, Inc. has a 12-month low of $97.03 and a 12-month high of $161.00. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The firm has a market cap of $12.67 billion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13.
XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping 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%. Sell-side analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.
XPO Company Profile
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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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