Natixis Advisors LLC increased its stake in XPO, Inc. (NYSE:XPO - Free Report) by 42.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 61,414 shares of the transportation company's stock after purchasing an additional 18,398 shares during the quarter. Natixis Advisors LLC owned approximately 0.05% of XPO worth $8,054,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in shares of XPO in the fourth quarter valued at approximately $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in XPO in the 4th quarter valued at $42,000. Cullen Frost Bankers Inc. raised its holdings in XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after acquiring an additional 130 shares during the period. Larson Financial Group LLC lifted its position in XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after acquiring an additional 76 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in XPO during the third quarter valued at about $57,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Vertical Research upgraded XPO from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a research note on Thursday, March 6th. Oppenheimer raised their target price on XPO from $148.00 to $176.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft assumed coverage on XPO in a report on Friday, March 7th. They set a "buy" rating and a $156.00 price target for the company. Raymond James lowered their price objective on shares of XPO from $170.00 to $165.00 and set an "outperform" rating on the stock in a research note on Friday, February 7th. Finally, The Goldman Sachs Group boosted their target price 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. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat, XPO currently has a consensus rating of "Buy" and a consensus target price of $158.47.
View Our Latest Analysis on XPO
XPO Price Performance
Shares of XPO stock traded down $1.51 during trading hours on Tuesday, hitting $110.99. The company had a trading volume of 1,901,527 shares, compared to its average volume of 1,499,153. XPO, Inc. has a 12 month low of $97.03 and a 12 month high of $161.00. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The firm's fifty day moving average is $128.09 and its 200 day moving average is $129.71. The firm has a market capitalization of $13.01 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 1.79 and a beta of 2.13.
XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, sell-side analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.
Insider Transactions at XPO
In other news, COO David J. Bates purchased 1,880 shares of XPO stock in a transaction 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 transaction, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. This represents a 9.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by insiders.
About XPO
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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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