Stifel Financial Corp Buys 43,237 Shares of XPO, Inc. (NYSE:XPO)

Stifel Financial Corp grew its position in XPO, Inc. (NYSE:XPO - Free Report) by 159.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,407 shares of the transportation company's stock after purchasing an additional 43,237 shares during the period. Stifel Financial Corp owned about 0.06% of XPO worth $7,569,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. D1 Capital Partners L.P. bought a new stake in shares of XPO during the second quarter worth $271,532,000. 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 worth $59,486,000 after buying an additional 390,320 shares in the last quarter. Holocene Advisors LP raised its position in XPO by 61.2% in the 3rd 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. Clearbridge Investments LLC lifted its stake in XPO by 11.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company's stock valued at $264,124,000 after acquiring an additional 253,519 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in XPO in the 3rd quarter valued at approximately $18,071,000. 97.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on XPO. TD Cowen lifted their price objective on shares of XPO from $137.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Stephens reiterated an "overweight" rating and issued a $165.00 price target on shares of XPO in a research note on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price target on shares of XPO from $146.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Evercore ISI decreased their price objective on XPO from $129.00 to $125.00 and set an "outperform" rating for the company in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group upped their target price on XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.31.

XPO Stock Performance

Shares of NYSE XPO traded down $1.87 during mid-day trading on Friday, reaching $156.30. 1,384,148 shares of the company were exchanged, compared to its average volume of 1,473,598. The stock has a market capitalization of $18.19 billion, a P/E ratio of 50.62, a P/E/G ratio of 2.40 and a beta of 2.08. 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 50-day simple moving average is $135.67 and its 200-day simple moving average is $118.97. 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 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 firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.88 earnings per share. As a group, research analysts predict that XPO, Inc. will post 3.62 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.