MetLife Investment Management LLC Purchases 21,502 Shares of XPO, Inc. $XPO

Key Points

• MetLife Investment Management LLC raised its stake in XPO, Inc. by 30.4% in Q1, owning approximately 0.08% of the company worth $9.91 million.
• Several institutional investors have increased their holdings in XPO, with T. Rowe Price notably growing its stake by 17.4% during the same period.
• XPO has received favorable ratings from analysts, with an average price target of $138.00 and 19 analysts giving it a Buy rating.

MetLife Investment Management LLC raised its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 30.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,119 shares of the transportation company's stock after buying an additional 21,502 shares during the quarter. MetLife Investment Management LLC owned 0.08% of XPO worth $9,910,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its holdings in XPO by 17.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company's stock worth $223,052,000 after buying an additional 306,928 shares during the last quarter. Frontier Capital Management Co. LLC increased its holdings in XPO by 3.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,239,568 shares of the transportation company's stock worth $162,569,000 after buying an additional 44,854 shares during the last quarter. Northern Trust Corp increased its holdings in XPO by 24.2% in the fourth quarter. Northern Trust Corp now owns 1,008,124 shares of the transportation company's stock worth $132,215,000 after buying an additional 196,360 shares during the last quarter. Raymond James Financial Inc. increased its holdings in XPO by 9.4% in the first quarter. Raymond James Financial Inc. now owns 760,086 shares of the transportation company's stock worth $81,770,000 after buying an additional 65,023 shares during the last quarter. Finally, Durable Capital Partners LP acquired a new position in XPO in the fourth quarter worth approximately $75,923,000. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Stock Performance

Shares of XPO traded down $0.45 during mid-day trading on Friday, hitting $129.70. The company's stock had a trading volume of 1,023,019 shares, compared to its average volume of 1,210,954. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. The firm has a market capitalization of $15.27 billion, a PE ratio of 44.88, a price-to-earnings-growth ratio of 2.51 and a beta of 1.97. The stock's 50-day moving average is $129.03 and its two-hundred day moving average is $118.83.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The transportation company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. XPO had a return on equity of 26.48% and a net margin of 4.32%.The company had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.05 billion. During the same period in the prior year, the business earned $1.12 earnings per share. XPO's revenue for the quarter was up .0% compared to the same quarter last year. As a group, sell-side analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on XPO. Stephens restated an "overweight" rating and issued a $131.00 price objective on shares of XPO in a report on Thursday, June 5th. Benchmark increased their price objective on XPO from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. increased their price target on XPO from $121.00 to $130.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Wall Street Zen upgraded XPO from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Truist Financial increased their price target on XPO from $125.00 to $135.00 and gave the company a "buy" rating in a report on Monday, June 30th. Nineteen research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $138.00.

XPO 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.