TD Asset Management Inc Buys 4,800 Shares of XPO, Inc. $XPO

Key Points

• TD Asset Management Inc has increased its stake in XPO, Inc. by 2.9%, owning a total of 167,800 shares valued at approximately $21.19 million.
• Analysts have set a consensus rating of "Moderate Buy" for XPO, with an average target price of $143.00, indicating strong confidence in the stock's future performance.
• In related insider transactions, Director Allison Landry sold 3,250 shares of XPO at an average price of $135.04, representing a 35.62% decrease in their holdings.

TD Asset Management Inc lifted its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 167,800 shares of the transportation company's stock after purchasing an additional 4,800 shares during the quarter. TD Asset Management Inc owned 0.14% of XPO worth $21,191,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in XPO by 57.0% during the first quarter. GAMMA Investing LLC now owns 1,782 shares of the transportation company's stock worth $192,000 after purchasing an additional 647 shares during the period. Fifth Third Bancorp raised its position in shares of XPO by 15.4% in the 1st quarter. Fifth Third Bancorp now owns 1,196 shares of the transportation company's stock valued at $129,000 after buying an additional 160 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of XPO during the 1st quarter worth approximately $247,000. QRG Capital Management Inc. boosted its position in shares of XPO by 12.9% during the 1st quarter. QRG Capital Management Inc. now owns 4,245 shares of the transportation company's stock worth $457,000 after acquiring an additional 485 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in XPO by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 13,729 shares of the transportation company's stock valued at $1,476,000 after acquiring an additional 455 shares during the last quarter. Institutional investors own 97.73% of the company's stock.

Analysts Set New Price Targets

XPO has been the subject of several recent analyst reports. Bank of America upped their target price on XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Wall Street Zen upgraded XPO from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of XPO in a research report on Wednesday, October 8th. Benchmark reissued a "buy" rating and set a $140.00 target price on shares of XPO in a research note on Wednesday, October 1st. Finally, Raymond James Financial increased their target price on shares of XPO from $132.00 to $150.00 and gave the stock an "outperform" rating in a report on Tuesday. Nineteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $143.00.

Insider Transactions at XPO

In related news, Director Allison Landry sold 3,250 shares of XPO 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 in the company, valued at $793,360. This trade represents a 35.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is currently owned by company insiders.

XPO Stock Down 1.0%

Shares of XPO opened at $129.74 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00. The stock has a market capitalization of $15.28 billion, a price-to-earnings ratio of 44.89, a PEG ratio of 2.63 and a beta of 1.95. The stock has a fifty day moving average of $130.35 and a 200-day moving average of $121.70.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%.The business had revenue of ($2,243.00) million during the quarter. As a group, sell-side analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

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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