Swiss National Bank Has $24.26 Million Stock Position in XPO, Inc. (NYSE:XPO)

Swiss National Bank lowered its stake in XPO, Inc. (NYSE:XPO - Free Report) by 1.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 225,500 shares of the transportation company's stock after selling 3,400 shares during the period. Swiss National Bank owned 0.19% of XPO worth $24,259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of XPO. Capital Research Global Investors boosted its holdings in shares of XPO by 18.5% in the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock valued at $1,789,171,000 after buying an additional 2,125,686 shares during the period. Capital World Investors lifted its stake in shares of XPO by 26.1% in the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock worth $1,016,923,000 after acquiring an additional 1,605,001 shares during the period. T. Rowe Price Investment Management Inc. acquired a new stake in shares of XPO in the 4th quarter worth approximately $231,667,000. Frontier Capital Management Co. LLC lifted its stake in shares of XPO by 3.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,239,568 shares of the transportation company's stock worth $162,569,000 after acquiring an additional 44,854 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of XPO by 24.2% in the 4th quarter. Northern Trust Corp now owns 1,008,124 shares of the transportation company's stock worth $132,215,000 after acquiring an additional 196,360 shares during the period. Institutional investors own 97.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on XPO. Stifel Nicolaus reduced their price target on shares of XPO from $145.00 to $136.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Stephens reaffirmed an "overweight" rating and issued a $131.00 price target on shares of XPO in a research note on Thursday, June 5th. Evercore ISI increased their target price on shares of XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Benchmark increased their target price on shares of XPO from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th. Finally, UBS Group increased their target price on shares of XPO from $123.00 to $150.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, XPO currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

XPO Stock Down 0.9%

XPO stock traded down $1.19 during trading hours on Friday, hitting $127.49. The company had a trading volume of 1,060,481 shares, compared to its average volume of 1,602,662. The firm has a market capitalization of $15.01 billion, a P/E ratio of 44.11, a price-to-earnings-growth ratio of 2.52 and a beta of 1.97. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. The firm's fifty day moving average is $126.77 and its 200-day moving average is $119.45. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00.

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

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.