Massachusetts Financial Services Co. MA Has $32.58 Million Position in XPO, Inc. $XPO

Key Points

• Massachusetts Financial Services cut its XPO stake by 5.9% in Q4 and now holds 239,738 shares worth about $32.58 million, roughly 0.20% of the company.
• Analysts are broadly positive—MarketBeat shows an average rating of Moderate Buy with an average price target of $183.19, and several firms recently raised targets into the $195–$210 range.
• XPO beat Q4 estimates with $0.88 EPS (vs. $0.76) and $2.01B revenue (up 4.7% YoY); shares trade near $210 but the stock carries a high P/E (~79.4), signaling a rich valuation.

Massachusetts Financial Services Co. MA reduced its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 239,738 shares of the transportation company's stock after selling 14,927 shares during the period. Massachusetts Financial Services Co. MA owned about 0.20% of XPO worth $32,583,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in XPO. Bayforest Capital Ltd boosted its position in XPO by 72.8% in the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company's stock valued at $25,000 after buying an additional 83 shares in the last quarter. Toth Financial Advisory Corp boosted its position in XPO by 100.0% in the fourth quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company's stock valued at $27,000 after buying an additional 100 shares in the last quarter. Root Financial Partners LLC acquired a new position in XPO in the third quarter valued at about $32,000. Horizon Investments LLC acquired a new position in XPO in the third quarter valued at about $39,000. Finally, EverSource Wealth Advisors LLC boosted its position in XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company's stock valued at $42,000 after buying an additional 88 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on XPO shares. Stifel Nicolaus boosted their price target on shares of XPO from $166.00 to $206.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Wolfe Research lowered shares of XPO from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 8th. Barclays set a $195.00 price target on shares of XPO and gave the company an "overweight" rating in a research report on Friday, February 6th. UBS Group set a $210.00 price target on shares of XPO and gave the company a "buy" rating in a research report on Friday, February 6th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $180.00 price target on shares of XPO in a research report on Thursday, February 5th. One 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $183.19.

XPO Trading Down 1.0%

Shares of NYSE XPO opened at $210.44 on Thursday. XPO, Inc. has a 1-year low of $91.66 and a 1-year high of $220.50. The company has a market cap of $24.71 billion, a PE ratio of 79.41, a P/E/G ratio of 2.79 and a beta of 1.94. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75. The company has a 50-day moving average of $198.78 and a two-hundred day moving average of $160.48.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share for the quarter, topping 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 the consensus estimate of $1.95 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. The company's revenue was up 4.7% on a year-over-year basis. As a group, equities analysts expect that XPO, Inc. will post 4.15 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.