American Century Companies Inc. Has $69.52 Million Stock Position in XPO, Inc. $XPO

Key Points

• American Century Companies Inc. has reduced its stake in XPO, Inc. by 11.0%, now owning 646,239 shares valued at approximately $69.5 million.
• Several institutional investors are actively adjusting their positions in XPO, with Northern Trust Corp increasing its stake by 24.2% in the fourth quarter, now holding over 1 million shares.
• XPO's recent earnings report surpassed expectations, reporting an EPS of $1.05 with revenues of $2.08 billion, indicating a slight year-over-year increase.

American Century Companies Inc. trimmed its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 11.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 646,239 shares of the transportation company's stock after selling 80,165 shares during the period. American Century Companies Inc. owned approximately 0.55% of XPO worth $69,522,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. bought a new position in shares of XPO in the 4th quarter valued at about $231,667,000. Frontier Capital Management Co. LLC lifted its holdings in XPO by 3.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,239,568 shares of the transportation company's stock valued at $162,569,000 after buying an additional 44,854 shares during the period. Northern Trust Corp boosted its stake in XPO by 24.2% in the fourth quarter. Northern Trust Corp now owns 1,008,124 shares of the transportation company's stock valued at $132,215,000 after acquiring an additional 196,360 shares during the last quarter. Hood River Capital Management LLC grew its holdings in XPO by 3.7% during the 4th quarter. Hood River Capital Management LLC now owns 798,543 shares of the transportation company's stock worth $104,729,000 after acquiring an additional 28,428 shares during the period. Finally, Durable Capital Partners LP bought a new stake in shares of XPO during the 4th quarter valued at $75,923,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on XPO shares. Oppenheimer increased their price target on XPO from $126.00 to $150.00 and gave the company an "outperform" rating in a research note on Monday, July 7th. Morgan Stanley decreased their target price on XPO from $85.00 to $84.00 and set an "underweight" rating for the company in a research report on Friday, August 1st. JPMorgan Chase & Co. upped their price target on XPO from $121.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Stephens reissued an "overweight" rating and set a $131.00 price objective on shares of XPO in a research note on Thursday, June 5th. Finally, Truist Financial boosted their price objective on shares of XPO from $125.00 to $135.00 and gave the company a "buy" rating in a report on Monday, June 30th. Nineteen equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

XPO Stock Up 1.0%

Shares of XPO stock traded up $1.21 on Thursday, hitting $127.88. The company had a trading volume of 850,206 shares, compared to its average volume of 1,309,816. The stock has a 50-day moving average of $127.51 and a 200-day moving average of $119.22. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The firm has a market capitalization of $15.06 billion, a P/E ratio of 44.25, a P/E/G ratio of 2.45 and a beta of 1.97.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. XPO had a return on equity of 26.48% and a net margin of 4.32%.The business's revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.12 EPS. Research analysts predict 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.