XPO, Inc. $XPO Shares Acquired by Groupama Asset Managment

Key Points

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Groupama Asset Managment boosted its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 15.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 437,403 shares of the transportation company's stock after acquiring an additional 57,254 shares during the period. Groupama Asset Managment owned about 0.37% of XPO worth $46,841,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Hsbc Holdings PLC raised its position in shares of XPO by 1,176.0% during the 1st quarter. Hsbc Holdings PLC now owns 44,214 shares of the transportation company's stock worth $4,671,000 after purchasing an additional 40,749 shares during the last quarter. Algert Global LLC raised its holdings in shares of XPO by 33.8% during the first quarter. Algert Global LLC now owns 63,318 shares of the transportation company's stock valued at $6,812,000 after acquiring an additional 15,990 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of XPO by 9.4% in the first quarter. Raymond James Financial Inc. now owns 760,086 shares of the transportation company's stock valued at $81,770,000 after acquiring an additional 65,023 shares in the last quarter. Cresset Asset Management LLC purchased a new position in shares of XPO in the first quarter valued at approximately $445,000. Finally, Tocqueville Asset Management L.P. boosted its stake in shares of XPO by 9.7% in the first quarter. Tocqueville Asset Management L.P. now owns 142,625 shares of the transportation company's stock worth $15,344,000 after acquiring an additional 12,625 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Trading Up 1.0%

XPO stock traded up $1.21 during mid-day trading on Thursday, hitting $127.88. The company's stock had a trading volume of 850,206 shares, compared to its average volume of 1,309,816. The stock's fifty day moving average is $127.51 and its two-hundred day moving average is $119.22. 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 firm has a market capitalization of $15.06 billion, a PE ratio of 44.25, a price-to-earnings-growth ratio of 2.45 and a beta of 1.97. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.06. XPO had a net margin of 4.32% and a return on equity of 26.48%. The firm 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 firm earned $1.12 EPS. XPO's revenue was up .0% on a year-over-year basis. On average, analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

Analyst Ratings Changes

XPO has been the topic of a number of research reports. Barclays raised their price objective on XPO from $135.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Benchmark boosted their price target on shares of XPO from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Jefferies Financial Group reaffirmed a "buy" rating and set a $140.00 price objective (up previously from $135.00) on shares of XPO in a research note on Tuesday, June 10th. Evercore ISI raised their target price on shares of XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Bank of America boosted their target price on XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Nineteen equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, XPO presently has an average rating of "Moderate Buy" and an average target price of $138.00.

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.