New York State Common Retirement Fund increased its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,054 shares of the transportation company's stock after buying an additional 3,200 shares during the period. New York State Common Retirement Fund owned about 0.05% of XPO worth $6,676,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in XPO. Argent Trust Co raised its holdings in XPO by 1.9% during the 4th quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock worth $517,000 after purchasing an additional 75 shares during the last quarter. Scientech Research LLC lifted its stake in shares of XPO by 0.9% in the fourth quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock valued at $1,291,000 after buying an additional 84 shares in the last quarter. SageView Advisory Group LLC lifted its stake in shares of XPO by 2.1% in the fourth quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock valued at $607,000 after buying an additional 96 shares in the last quarter. Utah Retirement Systems grew its holdings in shares of XPO by 1.6% during the fourth quarter. Utah Retirement Systems now owns 6,193 shares of the transportation company's stock valued at $812,000 after buying an additional 100 shares during the last quarter. Finally, Coldstream Capital Management Inc. increased its position in shares of XPO by 4.5% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,340 shares of the transportation company's stock worth $307,000 after acquiring an additional 101 shares in the last quarter. 97.73% of the stock is owned by institutional investors.
XPO Trading Down 0.9%
Shares of NYSE XPO traded down $1.10 during trading hours on Monday, reaching $128.53. The stock had a trading volume of 744,785 shares, compared to its average volume of 1,597,993. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $161.00. The firm has a market cap of $15.14 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 2.49 and a beta of 1.93. The business's fifty day moving average price is $124.09 and its two-hundred day moving average price is $120.53. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03.
XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. XPO had a net margin of 4.87% and a return on equity of 28.27%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the firm posted $0.81 earnings per share. XPO's revenue for the quarter was down 3.2% compared to the same quarter last year. Analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.
XPO announced that its Board of Directors has approved a share buyback plan on Thursday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the transportation company to buy up to 5.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Raymond James Financial cut their price objective on shares of XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Citigroup lowered XPO from a "buy" rating to a "neutral" rating and upped their target price for the stock from $137.00 to $140.00 in a research note on Wednesday, July 9th. TD Cowen dropped their price target on XPO from $136.00 to $133.00 and set a "buy" rating for the company in a research report on Friday, June 27th. Jefferies Financial Group reiterated a "buy" rating and set a $140.00 price objective (up from $135.00) on shares of XPO in a research report on Tuesday, June 10th. Finally, JPMorgan Chase & Co. boosted their target price on XPO from $121.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $141.00.
Read Our Latest Analysis on XPO
About XPO
(
Free Report)
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.
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