Vestcor Inc Purchases 21,300 Shares of XPO, Inc. (NYSE:XPO)

Vestcor Inc boosted its position in XPO, Inc. (NYSE:XPO - Free Report) by 159.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,700 shares of the transportation company's stock after purchasing an additional 21,300 shares during the quarter. Vestcor Inc's holdings in XPO were worth $3,731,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. D1 Capital Partners L.P. acquired a new position in XPO during the 2nd quarter worth $271,532,000. The Manufacturers Life Insurance Company raised its stake 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 purchasing an additional 390,320 shares in the last quarter. Holocene Advisors LP lifted its holdings in XPO by 61.2% in the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company's stock worth $73,529,000 after purchasing an additional 259,727 shares during the period. Clearbridge Investments LLC lifted its holdings 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 during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new position in XPO in the 3rd quarter valued at about $18,071,000. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Up 2.2 %

NYSE:XPO traded up $3.41 during trading hours on Wednesday, hitting $158.13. 1,993,890 shares of the company's stock traded hands, compared to its average volume of 1,474,832. The stock's fifty day moving average price is $134.63 and its two-hundred day moving average price is $118.69. The firm has a market cap of $18.41 billion, a P/E ratio of 51.17, a P/E/G ratio of 2.30 and a beta of 2.08. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a twelve month low of $80.26 and a twelve month high of $159.43.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the company earned $0.88 EPS. The firm's quarterly revenue was up 3.7% on a year-over-year basis. On average, research analysts expect that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on XPO. Oppenheimer reaffirmed an "outperform" rating and issued a $140.00 price target on shares of XPO in a research note on Friday, October 4th. Stephens reaffirmed an "overweight" rating and set a $165.00 price target on shares of XPO in a research note on Wednesday, December 4th. Wells Fargo & Company boosted their price objective on XPO from $119.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. TD Cowen raised their target price on XPO from $137.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Finally, 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. Two analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $143.13.

XPO 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.