Northern Trust Corp Has $108.01 Million Stock Holdings in XPO, Inc. $XPO

Key Points

• Northern Trust Corp reduced its stake in XPO, Inc. by 0.4%, selling 4,102 shares, and now owns 1,004,022 shares worth $108 million.
• XPO has received multiple analyst upgrades, with average price targets ranging from $138 to $147, indicating a strong positive outlook for the stock.
• The company's latest earnings report showed an EPS of $1.05, exceeding estimates, and revenue of $2.08 billion, indicating a year-over-year growth despite a slight decrease in EPS from the previous year.

Northern Trust Corp lessened its position in XPO, Inc. (NYSE:XPO - Free Report) by 0.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,004,022 shares of the transportation company's stock after selling 4,102 shares during the period. Northern Trust Corp owned approximately 0.85% of XPO worth $108,013,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. SouthState Corp bought a new position in XPO in the 1st quarter worth about $25,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of XPO by 89.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after purchasing an additional 113 shares during the period. Parallel Advisors LLC increased its stake in shares of XPO by 58.8% in the first quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock valued at $52,000 after purchasing an additional 180 shares during the period. Cullen Frost Bankers Inc. raised its stake in shares of XPO by 65.7% during the first quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock valued at $57,000 after purchasing an additional 209 shares in the last quarter. Finally, Archer Investment Corp bought a new stake in shares of XPO during the first quarter valued at about $91,000. 97.73% of the stock is currently owned by institutional investors.

XPO Trading Down 3.1%

XPO stock traded down $4.17 during midday trading on Wednesday, reaching $132.16. The stock had a trading volume of 1,323,485 shares, compared to its average volume of 1,590,411. The firm's fifty day simple moving average is $128.43 and its two-hundred day simple moving average is $118.97. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The firm has a market cap of $15.56 billion, a price-to-earnings ratio of 45.73, a PEG ratio of 2.60 and a beta of 1.97.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Thursday, July 31st. The transportation company reported $1.05 EPS for the quarter, topping 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 business had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.05 billion. During the same quarter last year, the firm posted $1.12 earnings per share. XPO's revenue was up .0% compared to the same quarter last year. Equities analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Susquehanna raised their target price on shares of XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research note on Wednesday, June 18th. TD Cowen decreased their price target on XPO from $136.00 to $133.00 and set a "buy" rating for the company in a research note on Friday, June 27th. Benchmark boosted their price objective on XPO from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Bank of America raised their target price on XPO from $139.00 to $150.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, UBS Group lifted their target price on XPO from $123.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Nineteen equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

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.