Dimensional Fund Advisors LP Acquires 5,815 Shares of XPO, Inc. $XPO

Key Points

• Dimensional Fund Advisors LP modestly boosted its XPO stake by 0.5% (added 5,815 shares), bringing its holding to 1,178,896 shares—about 1.00% of the company—valued at roughly $152.4 million per the latest SEC filing.
• Other institutions made sizable moves: Invesco increased its position 306.9% to 5,231,447 shares (~$660.7M), Durable Capital and Orbis added large stakes, and Norges Bank opened a new ~ $168.8M position, leaving institutional ownership at 97.73%.
• Analysts show a consensus Moderate Buy with an average target of $182.14; JPMorgan lifted its target to $201 while Morgan Stanley stays underweight at $95, and XPO trades around $194.71 after a recent EPS beat.

Dimensional Fund Advisors LP boosted its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,178,896 shares of the transportation company's stock after buying an additional 5,815 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.00% of XPO worth $152,375,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of XPO. Invesco Ltd. lifted its stake in XPO by 306.9% in the second quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company's stock valued at $660,679,000 after purchasing an additional 3,945,683 shares during the last quarter. Durable Capital Partners LP raised its stake in XPO by 79.3% in the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company's stock valued at $454,020,000 after acquiring an additional 1,589,759 shares during the period. Orbis Allan Gray Ltd lifted its holdings in XPO by 16.8% during the second quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company's stock valued at $397,820,000 after purchasing an additional 452,891 shares during the last quarter. Norges Bank purchased a new position in shares of XPO in the second quarter worth about $168,840,000. Finally, Hood River Capital Management LLC increased its stake in shares of XPO by 26.9% in the second quarter. Hood River Capital Management LLC now owns 1,008,621 shares of the transportation company's stock worth $127,379,000 after purchasing an additional 213,833 shares in the last quarter. Institutional investors own 97.73% of the company's stock.

Analyst Ratings Changes

XPO has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their target price on shares of XPO from $189.00 to $201.00 and gave the company an "overweight" rating in a report on Tuesday. Morgan Stanley reiterated an "underweight" rating and set a $95.00 price target on shares of XPO in a research report on Thursday, February 5th. Susquehanna lowered shares of XPO from a "positive" rating to a "neutral" rating and raised their price objective for the company from $160.00 to $210.00 in a research report on Wednesday, February 11th. The Goldman Sachs Group restated a "buy" rating and set a $180.00 price target on shares of XPO in a research report on Thursday, February 5th. Finally, Stephens reaffirmed an "overweight" rating and issued a $170.00 price target on shares of XPO in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $182.14.

XPO Stock Performance

Shares of NYSE XPO opened at $194.71 on Wednesday. The stock has a market cap of $22.81 billion, a price-to-earnings ratio of 73.48, a P/E/G ratio of 2.52 and a beta of 1.94. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $220.50. The stock's 50-day moving average is $174.67 and its 200 day moving average is $148.81. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.12. XPO had a net margin of 3.87% and a return on equity of 25.07%. The company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.95 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The firm's revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company's operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.

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