Invesco Ltd. Has $138.32 Million Stock Position in XPO, Inc. (NYSE:XPO)

Key Points

• Invesco Ltd. has reduced its holdings in XPO, Inc. by 31.0% in Q1, now owning approximately 1.09% of the company worth around $138 million.
• Several institutional investors have increased their stakes in XPO, including MassMutual Private Wealth & Trust (up 89%) and UMB Bank (up 97.4%).
• Research analysts have increased their price targets for XPO, with Oppenheimer setting a target of $150.00, reflecting strong confidence in the stock's potential performance.

Invesco Ltd. lessened its stake in XPO, Inc. (NYSE:XPO - Free Report) by 31.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,285,764 shares of the transportation company's stock after selling 577,514 shares during the quarter. Invesco Ltd. owned 1.09% of XPO worth $138,322,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in XPO. Capital Research Global Investors increased its stake in XPO by 18.5% in the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock valued at $1,789,171,000 after buying an additional 2,125,686 shares during the period. T. Rowe Price Investment Management Inc. acquired a new position in shares of XPO during the 4th quarter worth $231,667,000. Capital World Investors increased its stake in shares of XPO by 26.1% during the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock worth $1,016,923,000 after purchasing an additional 1,605,001 shares during the last quarter. Durable Capital Partners LP acquired a new position in shares of XPO during the 4th quarter worth $75,923,000. Finally, Natixis acquired a new position in shares of XPO during the 4th quarter worth $57,796,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of XPO from $121.00 to $130.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Truist Financial upped their price objective on shares of XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Wall Street Zen raised shares of XPO from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. TD Cowen decreased their price objective on shares of XPO from $136.00 to $133.00 and set a "buy" rating for the company in a report on Friday, June 27th. Finally, UBS Group upped their price objective on shares of XPO from $123.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $138.00.

XPO Price Performance

XPO traded down $1.19 during midday trading on Friday, hitting $127.49. The company had a trading volume of 1,060,481 shares, compared to its average volume of 1,245,020. The company has a market capitalization of $15.01 billion, a PE ratio of 44.11, a P/E/G ratio of 2.46 and a beta of 1.97. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The firm's 50-day simple moving average is $126.95 and its 200-day simple moving average is $119.25.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results 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 company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the firm earned $1.12 EPS. The company's revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

About XPO

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.