Royal Bank of Canada Boosts Stock Holdings in XPO, Inc. $XPO

Key Points

• Royal Bank of Canada increased its stake in XPO, Inc. by 11.2%, owning a total of 290,272 shares valued at approximately $31.2 million as of its latest filing.
• XPO reported a quarterly EPS of $1.05, exceeding the consensus estimate by $0.06, with revenues reaching $2.08 billion.
• Analysts have a generally optimistic outlook on XPO, with a consensus rating of "Moderate Buy" and a price target averaging $138.00.

Royal Bank of Canada raised its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 11.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 290,272 shares of the transportation company's stock after purchasing an additional 29,127 shares during the period. Royal Bank of Canada owned 0.25% of XPO worth $31,227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. SouthState Corp bought a new stake in XPO in the 1st quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB grew its stake 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 worth $26,000 after buying an additional 113 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of XPO by 58.8% in the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock worth $52,000 after buying an additional 180 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of 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 acquiring an additional 209 shares during the last quarter. Finally, Archer Investment Corp purchased a new position in XPO in the first quarter worth about $91,000. 97.73% of the stock is owned by institutional investors.

XPO Trading Down 0.0%

Shares of NYSE XPO opened at $130.79 on Friday. 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 $15.40 billion, a PE ratio of 45.26, a price-to-earnings-growth ratio of 2.53 and a beta of 1.96. The business has a fifty day simple moving average of $129.38 and a two-hundred day simple moving average of $118.14. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 EPS 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 firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter last year, the firm posted $1.12 earnings per share. The business's revenue for the quarter was up .0% on a year-over-year basis. Analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Bank of America upped their price objective on XPO from $139.00 to $150.00 and gave the company a "buy" rating in a research report on Monday, July 7th. 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. Oppenheimer lifted their price target on shares of XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a research note on Monday, July 7th. Stephens reissued an "overweight" rating and issued a $131.00 price objective on shares of XPO in a research note on Thursday, June 5th. Finally, TD Cowen dropped their target price on XPO from $136.00 to $133.00 and set a "buy" rating for the company in a research report on Friday, June 27th. Nineteen analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, XPO currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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