168,090 Shares in XPO, Inc. (NYSE:XPO) Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. bought a new stake in shares of XPO, Inc. (NYSE:XPO - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 168,090 shares of the transportation company's stock, valued at approximately $18,071,000. Vaughan Nelson Investment Management L.P. owned about 0.14% of XPO at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. D1 Capital Partners L.P. bought a new position in XPO during the 2nd quarter valued at $271,532,000. Capital Research Global Investors lifted its position in shares of XPO by 9.8% during the first quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company's stock worth $1,245,131,000 after purchasing an additional 912,544 shares during the last quarter. Clearbridge Investments LLC grew its stake in XPO by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company's stock worth $264,124,000 after purchasing an additional 253,519 shares in the last quarter. Interval Partners LP increased its holdings in XPO by 48,850.0% in the first quarter. Interval Partners LP now owns 195,000 shares of the transportation company's stock valued at $23,796,000 after buying an additional 195,400 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in XPO during the second quarter valued at approximately $16,540,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on XPO from $119.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. lowered their target price on shares of XPO from $147.00 to $143.00 and set an "overweight" rating for the company in a research note on Friday, September 6th. Stifel Nicolaus raised their price target on shares of XPO from $125.00 to $126.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Bank of America lowered their price objective on shares of XPO from $135.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, July 22nd. Finally, Stephens reissued an "overweight" rating and issued a $150.00 target price on shares of XPO in a report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $141.13.

XPO Price Performance

XPO stock traded down $1.32 during trading hours on Monday, hitting $144.47. 1,164,751 shares of the stock traded hands, compared to its average volume of 1,480,536. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. The stock has a 50-day simple moving average of $119.54 and a 200 day simple moving average of $113.57. XPO, Inc. has a one year low of $78.72 and a one year high of $156.85. The company has a market cap of $16.82 billion, a P/E ratio of 47.18, a P/E/G ratio of 2.19 and a beta of 2.07.

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

XPO Company Profile

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.