California State Teachers Retirement System Has $34.18 Million Position in XPO, Inc. $XPO

California State Teachers Retirement System lifted its position in XPO, Inc. (NYSE:XPO - Free Report) by 22.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,516 shares of the transportation company's stock after buying an additional 30,355 shares during the quarter. California State Teachers Retirement System owned about 0.14% of XPO worth $34,184,070 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in XPO. Elyxium Wealth LLC bought a new position in XPO in the 4th quarter worth about $28,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of XPO in the 2nd quarter worth $32,000. Transamerica Financial Advisors LLC purchased a new stake in XPO during the 2nd quarter valued at about $32,000. International Assets Investment Management LLC purchased a new stake in shares of XPO during the fourth quarter worth about $41,000. Finally, Clearstead Advisors LLC increased its position in shares of XPO by 142.0% during the fourth quarter. Clearstead Advisors LLC now owns 484 shares of the transportation company's stock valued at $66,000 after acquiring an additional 284 shares during the last quarter. Institutional investors own 97.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of XPO from $235.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, June 5th. JPMorgan Chase & Co. raised their price objective on XPO from $208.00 to $210.00 and gave the stock an "overweight" rating in a research note on Monday, June 8th. Stifel Nicolaus increased their target price on XPO from $237.00 to $241.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. Citigroup dropped their target price on XPO from $221.00 to $220.00 and set a "neutral" rating on the stock in a report on Tuesday, September 8th. Finally, Sanford C. Bernstein began coverage on shares of XPO in a research report on Thursday, September 10th. They set an "outperform" rating and a $244.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $225.82.

XPO Price Performance

XPO stock traded down $0.90 on Tuesday, reaching $179.59. 616,169 shares of the company's stock were exchanged, compared to its average volume of 1,447,836. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. The firm has a market cap of $21.03 billion, a PE ratio of 52.93, a P/E/G ratio of 1.86 and a beta of 1.85. The stock has a fifty day moving average of $200.36 and a 200-day moving average of $204.28. XPO, Inc. has a twelve month low of $121.48 and a twelve month high of $232.05.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.48 by $0.22. The business had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The business's quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. As a group, equities analysts predict that XPO, Inc. will post 5.42 EPS for the current fiscal year.

Insider Buying and Selling

In other XPO news, CAO Christopher Brown sold 3,750 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the transaction, the chief accounting officer owned 31,005 shares in the company, valued at approximately $6,261,149.70. This represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

XPO Company Profile

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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