Econ Financial Services Corp Acquires Shares of 13,517 XPO, Inc. $XPO

Key Points

• Econ Financial Services bought a new position of 13,517 shares of XPO in Q4, valued at about $1.84 million.
• Several large institutions materially increased stakes—Invesco (+306.9% to 5.23M shares), Durable Capital (+79.3% to 3.6M), and Norges Bank initiated a ~$168.8M position—resulting in 97.73% institutional ownership.
• Wall Street has a Moderate Buy consensus with an average price target of $182.14; XPO recently beat EPS estimates ($0.88 vs. $0.76) and trades near $194.58 (52‑week range $85.06–$220.50).

Econ Financial Services Corp bought a new position in XPO, Inc. (NYSE:XPO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,517 shares of the transportation company's stock, valued at approximately $1,837,000.

A number of other large investors have also made changes to their positions in XPO. Invesco Ltd. boosted its stake in XPO by 306.9% in the 2nd quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company's stock worth $660,679,000 after purchasing an additional 3,945,683 shares during the period. Durable Capital Partners LP raised its stake in XPO by 79.3% during 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 purchasing an additional 1,589,759 shares during the period. Norges Bank purchased a new stake in shares of XPO in the second quarter valued at $168,840,000. Capital World Investors lifted its holdings in shares of XPO by 7.3% in the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company's stock valued at $1,403,973,000 after purchasing an additional 735,450 shares in the last quarter. Finally, Orbis Allan Gray Ltd boosted its position in shares of XPO by 16.8% in the second quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company's stock worth $397,820,000 after buying an additional 452,891 shares during the period. Institutional investors and hedge funds own 97.73% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XPO. Susquehanna lowered XPO from a "positive" rating to a "neutral" rating and upped their price target for the company from $160.00 to $210.00 in a research report on Wednesday, February 11th. Weiss Ratings restated a "hold (c)" rating on shares of XPO in a research report on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a "buy" rating and set a $180.00 target price on shares of XPO in a research note on Thursday, February 5th. Truist Financial increased their price target on shares of XPO from $160.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Finally, Bank of America raised their price target on shares of XPO from $151.00 to $158.00 and gave the stock a "buy" rating in a report on Tuesday, December 2nd. One 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 assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $182.14.

XPO Stock Up 4.4%

XPO opened at $194.58 on Wednesday. The company has a market capitalization of $22.80 billion, a PE ratio of 73.43, a price-to-earnings-growth ratio of 2.41 and a beta of 1.94. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.05 and a quick ratio of 1.05. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $220.50. The business has a 50-day moving average of $187.30 and a 200-day moving average of $154.81.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.76 by $0.12. The business had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $1.95 billion. XPO had a return on equity of 25.07% and a net margin of 3.87%.The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS. Equities research analysts forecast 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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