Brighton Jones LLC Buys Shares of 3,354 XPO, Inc. (NYSE:XPO)

Brighton Jones LLC acquired a new position in XPO, Inc. (NYSE:XPO - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,354 shares of the transportation company's stock, valued at approximately $361,000.

A number of other hedge funds have also recently added to or reduced their stakes in XPO. Capital Research Global Investors boosted its holdings in shares of XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock valued at $1,789,171,000 after acquiring an additional 2,125,686 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in shares of XPO during the fourth quarter valued at $231,667,000. Capital World Investors boosted its holdings in shares of XPO by 26.1% during the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock valued at $1,016,923,000 after acquiring an additional 1,605,001 shares during the period. Norges Bank acquired a new position in shares of XPO during the fourth quarter valued at $188,808,000. Finally, Raymond James Financial Inc. acquired a new position in shares of XPO during the fourth quarter valued at $91,158,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XPO. Deutsche Bank Aktiengesellschaft began coverage on shares of XPO in a report on Friday, March 7th. They set a "buy" rating and a $156.00 price target for the company. JPMorgan Chase & Co. reduced their price target on shares of XPO from $132.00 to $121.00 and set an "overweight" rating for the company in a report on Thursday, May 1st. Susquehanna lifted their price objective on shares of XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research note on Wednesday. UBS Group lifted their price objective on shares of XPO from $108.00 to $123.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, Raymond James Financial cut their price objective on shares of XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $135.26.

XPO Price Performance

XPO stock traded down $0.65 during midday trading on Friday, hitting $119.97. The company's stock had a trading volume of 1,194,021 shares, compared to its average volume of 1,627,084. The stock's 50-day moving average price is $113.00 and its 200-day moving average price is $122.71. The company has a market capitalization of $14.13 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 2.25 and a beta of 1.92. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.03.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.98 billion. XPO had a return on equity of 28.27% and a net margin of 4.87%. XPO's revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business posted $0.81 EPS. Analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO declared that its Board of Directors has authorized a share buyback program on Thursday, March 27th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to buy up to 5.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

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.