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

Other hedge funds also recently bought and sold shares of the company. Durable Capital Partners LP raised its position in shares of XPO by 246.4% during the first quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company's stock valued at $215,730,000 after buying an additional 1,426,394 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of XPO by 854.2% during the first quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company's stock valued at $59,335,000 after buying an additional 493,736 shares during the last quarter. Nuveen LLC acquired a new position in shares of XPO during the first quarter valued at about $33,965,000. T. Rowe Price Investment Management Inc. raised its position in shares of XPO by 17.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company's stock valued at $223,052,000 after buying an additional 306,928 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of XPO by 243.6% during the first quarter. The Manufacturers Life Insurance Company now owns 295,924 shares of the transportation company's stock valued at $31,836,000 after buying an additional 209,808 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.

Insider Activity at XPO

In other news, Director Allison Landry sold 3,250 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $793,360. This represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is owned by company insiders.

XPO Price Performance

XPO stock traded down $0.72 during trading hours on Friday, hitting $130.92. 1,176,024 shares of the stock were exchanged, compared to its average volume of 1,099,615. 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 $15.42 billion, a P/E ratio of 45.30, a P/E/G ratio of 2.54 and a beta of 1.96. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The business's 50-day moving average is $129.49 and its two-hundred day moving average is $118.81.

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, topping the consensus estimate of $0.99 by $0.06. The firm had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.05 billion. XPO had a net margin of 4.32% and a return on equity of 26.48%. The company's quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share. Equities research analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

XPO has been the subject of a number of research analyst reports. Morgan Stanley cut their price objective on shares of XPO from $85.00 to $84.00 and set an "underweight" rating for the company in a research report on Friday, August 1st. Wall Street Zen raised shares of XPO from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Benchmark increased their price target on shares of XPO from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Jefferies Financial Group reissued a "buy" rating and issued a $140.00 price target (up previously from $135.00) on shares of XPO in a research report on Tuesday, June 10th. Finally, Stephens reissued an "overweight" rating and issued a $131.00 price target on shares of XPO in a research report on Thursday, June 5th. Nineteen research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.