Zurcher Kantonalbank Zurich Cantonalbank Has $3.85 Million Stock Holdings in XPO, Inc. (NYSE:XPO)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 14.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,329 shares of the transportation company's stock after acquiring an additional 3,795 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in XPO were worth $3,846,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in XPO during the fourth quarter worth $29,000. Halbert Hargrove Global Advisors LLC purchased a new stake in XPO during the 4th quarter worth about $42,000. Cullen Frost Bankers Inc. raised its stake in XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock valued at $42,000 after purchasing an additional 130 shares during the last quarter. Larson Financial Group LLC lifted its holdings in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock valued at $49,000 after purchasing an additional 76 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in XPO in the 3rd quarter valued at about $57,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on XPO shares. Benchmark boosted their price objective on shares of XPO from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Stifel Nicolaus upgraded XPO from a "hold" rating to a "buy" rating and set a $147.00 target price for the company in a research report on Monday, February 24th. Raymond James dropped their price target on XPO from $170.00 to $165.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Bank of America dropped their price target on XPO from $170.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Finally, UBS Group increased their price objective on shares of XPO from $159.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, XPO has a consensus rating of "Buy" and an average target price of $158.47.

Remove Ads

Insider Buying and Selling

In other XPO news, COO David J. Bates acquired 1,880 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were acquired 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 owns 21,106 shares of the company's stock, valued at approximately $2,240,612.96. This trade represents a 9.78 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

XPO Stock Up 2.1 %

Shares of NYSE:XPO traded up $2.32 during midday trading on Wednesday, hitting $111.42. 1,753,173 shares of the stock were exchanged, compared to its average volume of 1,578,108. The company has a market capitalization of $13.06 billion, a PE ratio of 34.49, a P/E/G ratio of 1.79 and a beta of 2.13. XPO, Inc. has a 52-week low of $97.03 and a 52-week 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 business's fifty day simple moving average is $130.16 and its two-hundred day simple moving average is $129.74.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping 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%. As a group, research analysts predict that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

About XPO

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.