Strs Ohio Invests $3.78 Million in XPO, Inc. $XPO

Key Points

• Strs Ohio invested approximately $3.78 million in XPO, Inc., acquiring 35,100 shares of the transportation company in the first quarter, according to a recent SEC filing.
• Institutional investors and hedge funds collectively own 97.73% of XPO's stock, indicating strong institutional interest in the company.
• XPO's stock has been receiving positive attention, with analysts increasing price targets, resulting in a consensus rating of "Moderate Buy" and a price target of $138.00.

Strs Ohio purchased a new position in shares of XPO, Inc. (NYSE:XPO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 35,100 shares of the transportation company's stock, valued at approximately $3,776,000.

A number of other hedge funds have also made changes to their positions in XPO. SouthState Corp acquired a new stake in shares of XPO during the first quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB grew its position in shares of XPO by 89.0% during the first 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 grew its position in shares of XPO by 58.8% during the first quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock worth $52,000 after buying an additional 180 shares in the last quarter. Cullen Frost Bankers Inc. grew its position 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 worth $57,000 after buying an additional 209 shares in the last quarter. Finally, Archer Investment Corp acquired a new stake in shares of XPO during the first quarter worth approximately $91,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Insider Buying and Selling at XPO

In related news, Director Allison Landry sold 3,250 shares of XPO stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the sale, the director directly owned 5,875 shares in the company, valued at $793,360. The trade was a 35.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

XPO Stock Performance

XPO stock opened at $130.40 on Monday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. The stock has a market capitalization of $15.36 billion, a price-to-earnings ratio of 45.12, a PEG ratio of 2.51 and a beta of 1.96. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00. The stock's fifty day moving average is $129.48 and its two-hundred day moving average is $118.36.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The transportation company reported $1.05 earnings per share for the quarter, beating 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 analysts' expectations of $2.05 billion. During the same period in the previous year, the business earned $1.12 earnings per share. The company's revenue was up .0% on a year-over-year basis. On average, research analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XPO. UBS Group raised their price target on shares of XPO from $123.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Benchmark raised 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 price objective on XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. JPMorgan Chase & Co. raised their price objective on XPO from $121.00 to $130.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Jefferies Financial Group restated a "buy" rating and set a $140.00 price objective (up from $135.00) on shares of XPO in a research note on Tuesday, June 10th. Nineteen investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently 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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