Nuveen LLC Takes Position in XPO, Inc. (NYSE:XPO)

Key Points

• Nuveen LLC acquired a new stake in XPO, Inc., purchasing 315,714 shares valued at approximately $33.97 million, indicating interest from institutional investors in the company.
• XPO, Inc. reported earnings of $1.05 EPS, exceeding analysts' expectations, with revenues of $2.08 billion for the quarter, marking a slight increase year-over-year.
• Analysts have varying outlooks for XPO, with price targets ranging from $84.00 to $147.00, and a consensus rating of "Moderate Buy" with a target of $138.00.

Nuveen LLC purchased a new stake in XPO, Inc. (NYSE:XPO - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 315,714 shares of the transportation company's stock, valued at approximately $33,965,000. Nuveen LLC owned 0.27% of XPO as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of XPO. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after buying an additional 113 shares during the period. Parallel Advisors LLC lifted its position in XPO by 58.8% in the 1st 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 last quarter. Cullen Frost Bankers Inc. lifted its position in XPO by 65.7% in the 1st 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 during the last quarter. Archer Investment Corp bought a new stake in XPO in the 1st quarter valued at about $91,000. Finally, UMB Bank n.a. lifted its position in XPO by 97.4% in the 1st quarter. UMB Bank n.a. now owns 1,062 shares of the transportation company's stock valued at $114,000 after purchasing an additional 524 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Down 0.9%

NYSE XPO opened at $127.49 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. The company's 50 day simple moving average is $126.95 and its 200 day simple moving average is $119.25. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The company has a market capitalization of $15.01 billion, a P/E ratio of 44.11, a PEG ratio of 2.46 and a beta of 1.97.

XPO (NYSE:XPO - Get Free Report) last released its earnings results on Thursday, July 31st. The transportation company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. XPO had a net margin of 4.32% and a return on equity of 26.48%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the firm earned $1.12 EPS. The business's revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of XPO from $85.00 to $84.00 and set an "underweight" rating on the stock in a research report on Friday, August 1st. Wells Fargo & Company lifted their price objective on shares of XPO from $144.00 to $147.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Stifel Nicolaus cut their price objective on shares of XPO from $145.00 to $136.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Jefferies Financial Group reiterated a "buy" rating and issued a $140.00 price objective (up from $135.00) on shares of XPO in a research report on Tuesday, June 10th. Finally, Citigroup upgraded shares of XPO from a "neutral" rating to a "buy" rating and set a $140.00 price objective on the stock in a research report on Friday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, XPO has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

XPO Company 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.

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