Amundi Grows Stock Holdings in XPO, Inc. $XPO

Amundi grew its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 1,066.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 153,894 shares of the transportation company's stock after purchasing an additional 140,698 shares during the quarter. Amundi owned approximately 0.13% of XPO worth $31,593,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in shares of XPO by 13.2% during the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company's stock worth $82,000 after acquiring an additional 49 shares during the period. V Square Quantitative Management LLC grew its holdings in XPO by 19.1% in the first quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company's stock valued at $73,000 after purchasing an additional 60 shares during the period. Smartleaf Asset Management LLC grew its holdings in XPO by 13.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company's stock valued at $68,000 after purchasing an additional 60 shares during the period. Root Financial Partners LLC increased its position in XPO by 21.1% during the first quarter. Root Financial Partners LLC now owns 362 shares of the transportation company's stock worth $70,000 after purchasing an additional 63 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in XPO by 4.4% during the fourth quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company's stock worth $202,000 after purchasing an additional 63 shares during the period. Hedge funds and other institutional investors own 97.73% of the company's stock.

Insider Activity at XPO

In other news, CAO Christopher Brown sold 3,750 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the sale, the chief accounting officer owned 31,005 shares of the company's stock, valued at approximately $6,261,149.70. This trade represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.87% of the company's stock.

XPO Stock Performance

Shares of XPO stock opened at $182.49 on Friday. The company's fifty day simple moving average is $201.36 and its 200-day simple moving average is $204.59. XPO, Inc. has a 52 week low of $121.48 and a 52 week high of $232.05. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. The company has a market cap of $21.37 billion, a PE ratio of 53.83, a P/E/G ratio of 1.88 and a beta of 1.85.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.48 by $0.22. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The firm's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share. As a group, equities research analysts anticipate that XPO, Inc. will post 5.42 EPS for the current year.

Analyst Ratings Changes

XPO has been the topic of a number of research analyst reports. Citigroup decreased their price target on shares of XPO from $221.00 to $220.00 and set a "neutral" rating on the stock in a report on Tuesday. BMO Capital Markets increased their target price on XPO from $240.00 to $245.00 and gave the stock an "outperform" rating in a research report on Thursday, June 4th. Oppenheimer lifted their target price on XPO from $236.00 to $238.00 and gave the company an "outperform" rating in a report on Friday, July 31st. The Goldman Sachs Group reiterated a "buy" rating and issued a $247.00 target price on shares of XPO in a report on Thursday, July 30th. Finally, Citizens Jmp initiated coverage on XPO in a research report on Wednesday, July 15th. They set a "market perform" rating for the company. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, XPO currently has a consensus rating of "Moderate Buy" and a consensus price target of $225.82.

About XPO

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.

In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.

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