Caisse DE Depot ET Placement DU Quebec Boosts Stock Holdings in XPO, Inc. $XPO

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in XPO, Inc. by 28.5%, owning 211,610 shares valued at approximately $22.76 million as of its latest SEC filing.
• XPO reported earnings of $1.05 per share for the recent quarter, exceeding analyst estimates of $0.99, with a revenue of $2.08 billion.
• Equity analysts show strong confidence in XPO, with nineteen analysts issuing a "Buy" rating and a consensus target price of $138.00.

Caisse DE Depot ET Placement DU Quebec grew its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 28.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,610 shares of the transportation company's stock after purchasing an additional 46,987 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.18% of XPO worth $22,765,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in XPO. T. Rowe Price Investment Management Inc. increased its holdings in XPO by 17.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company's stock valued at $223,052,000 after purchasing an additional 306,928 shares during the last quarter. Frontier Capital Management Co. LLC increased its holdings in XPO by 3.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,239,568 shares of the transportation company's stock valued at $162,569,000 after purchasing an additional 44,854 shares during the last quarter. Northern Trust Corp increased its holdings in XPO by 24.2% in the 4th quarter. Northern Trust Corp now owns 1,008,124 shares of the transportation company's stock valued at $132,215,000 after purchasing an additional 196,360 shares during the last quarter. Raymond James Financial Inc. increased its holdings in XPO by 9.4% in the 1st quarter. Raymond James Financial Inc. now owns 760,086 shares of the transportation company's stock valued at $81,770,000 after purchasing an additional 65,023 shares during the last quarter. Finally, Durable Capital Partners LP acquired a new stake in XPO in the 4th quarter valued at approximately $75,923,000. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Stock Performance

Shares of XPO stock traded down $0.45 on Friday, reaching $129.70. 1,023,019 shares of the stock were exchanged, compared to its average volume of 1,210,954. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. 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 business has a fifty day moving average price of $129.03 and a two-hundred day moving average price of $118.83. The firm has a market capitalization of $15.27 billion, a PE ratio of 44.88, a PEG ratio of 2.51 and a beta of 1.97.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. XPO had a net margin of 4.32% and a return on equity of 26.48%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the previous year, the business posted $1.12 earnings per share. The business's revenue was up .0% compared to the same quarter last year. As a group, research analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on XPO shares. JPMorgan Chase & Co. lifted their target price on shares of XPO from $121.00 to $130.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Wells Fargo & Company boosted their price target on shares of XPO from $144.00 to $147.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Oppenheimer boosted their price target on shares of XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a research note on Monday, July 7th. Susquehanna boosted their price target on shares of XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a research note on Wednesday, June 18th. Finally, TD Cowen dropped their price target on shares of XPO from $136.00 to $133.00 and set a "buy" rating for the company in a research note on Friday, June 27th. Nineteen investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $138.00.

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.