Allspring Global Investments Holdings LLC Purchases 21,859 Shares of XPO, Inc. $XPO

Key Points

• Allspring Global Investments Holdings LLC increased its holdings in XPO, Inc. by 88.7%, acquiring an additional 21,859 shares during the second quarter.
• XPO, Inc. reported a net margin of 4.32% and earnings of $0.64 per share for the last quarter, with a projected EPS of 4.15 for the current year.
• Recent analyst upgrades suggest a positive outlook for XPO, with many firms raising their price targets and a consensus rating of "Moderate Buy".

Allspring Global Investments Holdings LLC boosted its position in XPO, Inc. (NYSE:XPO - Free Report) by 88.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,491 shares of the transportation company's stock after purchasing an additional 21,859 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in XPO were worth $6,019,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of XPO by 4.4% during the second quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company's stock valued at $235,000 after acquiring an additional 78 shares in the last quarter. Securian Asset Management Inc. increased its holdings in shares of XPO by 1.2% during the first quarter. Securian Asset Management Inc. now owns 8,904 shares of the transportation company's stock valued at $958,000 after acquiring an additional 105 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of XPO by 46.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company's stock valued at $44,000 after acquiring an additional 111 shares in the last quarter. Signaturefd LLC increased its holdings in shares of XPO by 10.6% during the first quarter. Signaturefd LLC now owns 1,363 shares of the transportation company's stock valued at $147,000 after acquiring an additional 131 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of XPO by 0.6% during the first quarter. Oregon Public Employees Retirement Fund now owns 23,802 shares of the transportation company's stock valued at $2,561,000 after acquiring an additional 142 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

XPO Price Performance

Shares of NYSE:XPO opened at $129.74 on Monday. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The company's 50 day moving average is $130.35 and its 200 day moving average is $121.95. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. The company has a market cap of $15.28 billion, a PE ratio of 44.89, a price-to-earnings-growth ratio of 2.61 and a beta of 1.95.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. The company had revenue of ($2,243.00) million for the quarter. On average, sell-side analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

Insider Buying and Selling

In other XPO news, Director Allison Landry sold 3,250 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the sale, the director owned 5,875 shares in the company, valued at approximately $793,360. This represents a 35.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of XPO from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Barclays upped their price objective on shares of XPO from $135.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Bank of America upped their price objective on shares of XPO from $139.00 to $150.00 and gave the company a "buy" rating in a report on Monday, July 7th. Raymond James Financial upped their price objective on shares of XPO from $132.00 to $150.00 and gave the company an "outperform" rating in a report on Tuesday, October 14th. Finally, Truist Financial set a $145.00 price target on shares of XPO in a report on Tuesday, October 14th. Nineteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $143.00.

XPO Company 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.

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