XPO, Inc. (NYSE:XPO) Position Raised by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 44.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,541 shares of the transportation company's stock after buying an additional 14,359 shares during the quarter. Victory Capital Management Inc.'s holdings in XPO were worth $6,104,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. D1 Capital Partners L.P. grew its holdings in XPO by 84.2% in the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company's stock valued at $506,484,000 after buying an additional 2,153,042 shares during the period. State Street Corp grew its holdings in XPO by 1.1% in the 3rd quarter. State Street Corp now owns 3,477,846 shares of the transportation company's stock valued at $373,903,000 after buying an additional 37,486 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in XPO by 0.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company's stock valued at $165,299,000 after buying an additional 10,318 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in XPO in the 4th quarter valued at about $163,938,000. Finally, Life Planning Partners Inc grew its holdings in XPO by 12,923.2% in the 4th 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 period. Hedge funds and other institutional investors own 97.73% of the company's stock.

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Insider Buying and Selling

In other news, COO David J. Bates acquired 1,880 shares of XPO stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the purchase, the chief operating officer now directly owns 21,106 shares of the company's stock, valued at $2,240,612.96. This trade represents a 9.78 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

XPO has been the subject of a number of research reports. Jefferies Financial Group boosted their target price on XPO from $150.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Raymond James decreased their target price on XPO from $170.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, February 7th. Stephens reiterated an "overweight" rating and set a $171.00 target price on shares of XPO in a report on Wednesday, March 5th. Benchmark boosted their target price on XPO from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, The Goldman Sachs Group boosted their target price on XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat, XPO has an average rating of "Buy" and an average target price of $158.47.

XPO Stock Down 1.9 %

Shares of XPO stock traded down $2.17 on Tuesday, hitting $109.09. 1,162,101 shares of the company's stock traded hands, compared to its average volume of 1,489,790. The stock has a market cap of $12.79 billion, a P/E ratio of 33.77, a PEG ratio of 1.79 and a beta of 2.13. 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's 50-day moving average is $130.68 and its 200 day moving average is $129.78. XPO, Inc. has a 52-week low of $97.03 and a 52-week high of $161.00.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Equities analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

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.