M&T Bank Corp Raises Stake in XPO, Inc. $XPO

Key Points

• 133.8% increase: M&T Bank Corp boosted its stake in XPO by 133.8% in Q4 to 8,526 shares worth about $1.22M, and several other large institutions also raised positions, leaving institutional investors owning 97.73% of the company.
• XPO beat Q4 estimates with $0.88 EPS (vs. $0.76) and $2.01B revenue (up 4.7% YoY); analysts' consensus is a Moderate Buy with a $190.86 target while the stock trades around $216.72.

M&T Bank Corp boosted its position in XPO, Inc. (NYSE:XPO - Free Report) by 133.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,526 shares of the transportation company's stock after buying an additional 4,879 shares during the period. M&T Bank Corp's holdings in XPO were worth $1,223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Capital World Investors boosted its position in 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 buying an additional 735,450 shares during the last quarter. Invesco Ltd. boosted its position in XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company's stock valued at $810,249,000 after buying an additional 1,036,434 shares during the last quarter. Durable Capital Partners LP boosted its position in XPO by 20.5% in the third quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company's stock valued at $559,905,000 after buying an additional 736,224 shares during the last quarter. Orbis Allan Gray Ltd boosted its position in XPO by 16.8% in the second quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company's stock valued at $397,820,000 after buying an additional 452,891 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in XPO by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,178,896 shares of the transportation company's stock valued at $152,375,000 after buying an additional 5,815 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Stock Down 2.4%

NYSE XPO opened at $216.72 on Thursday. The business has a fifty day moving average price of $203.72 and a 200 day moving average price of $166.92. XPO, Inc. has a one year low of $100.10 and a one year high of $231.46. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $25.44 billion, a P/E ratio of 81.78, a P/E/G ratio of 2.88 and a beta of 1.94.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.76 by $0.12. XPO had a return on equity of 25.07% and a net margin of 3.87%.The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the company earned $0.89 EPS. The firm's revenue was up 4.7% compared to the same quarter last year. Research analysts anticipate that XPO, Inc. will post 4.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on XPO shares. Wolfe Research lowered XPO from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 8th. BMO Capital Markets set a $230.00 price objective on XPO in a research report on Thursday, February 19th. Jefferies Financial Group upped their price objective on XPO to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, April 22nd. Morgan Stanley restated an "underweight" rating and issued a $95.00 price objective on shares of XPO in a research report on Thursday, February 5th. Finally, Citigroup upped their price objective on XPO from $205.00 to $207.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $190.86.

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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