XPO, Inc. (NYSE:XPO) Shares Acquired by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in XPO, Inc. by 21.6%, owning approximately 163,000 shares valued at $17.5 million as of the latest SEC filing.
• Multiple hedge funds, including LPL Financial LLC and California Public Employees Retirement System, significantly raised their positions in XPO, indicating strong institutional interest with 97.73% of the company's stock held by institutional investors.
• Analysts have a consensus rating of "Moderate Buy" for XPO, with price targets ranging from $140 to $150, reflecting positive sentiment in the market.

TD Asset Management Inc lifted its position in XPO, Inc. (NYSE:XPO - Free Report) by 21.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,000 shares of the transportation company's stock after acquiring an additional 29,000 shares during the quarter. TD Asset Management Inc owned 0.14% of XPO worth $17,536,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in XPO. MassMutual Private Wealth & Trust FSB raised its holdings in shares of XPO by 89.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after acquiring an additional 113 shares in the last quarter. Parallel Advisors LLC raised its holdings in XPO by 58.8% in the first quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock worth $52,000 after purchasing an additional 180 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in XPO by 65.7% in the first quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock worth $57,000 after purchasing an additional 209 shares in the last quarter. Archer Investment Corp bought a new position in XPO in the first quarter worth about $91,000. Finally, UMB Bank n.a. raised its holdings in XPO by 97.4% in the first quarter. UMB Bank n.a. now owns 1,062 shares of the transportation company's stock worth $114,000 after purchasing an additional 524 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

XPO has been the subject of a number of recent research reports. Stifel Nicolaus reduced their target price on shares of XPO from $145.00 to $136.00 and set a "buy" rating for the company in a report on Friday. Barclays boosted their price target on XPO from $135.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Oppenheimer upped their target price on XPO from $126.00 to $150.00 and gave the company an "outperform" rating in a research report on Monday, July 7th. Evercore ISI upped their target price on XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, UBS Group upped their price objective on XPO from $123.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $138.00.

XPO Price Performance

XPO stock traded down $1.53 during midday trading on Friday, reaching $118.76. The stock had a trading volume of 2,046,588 shares, compared to its average volume of 1,086,700. The company's fifty day simple moving average is $125.48 and its 200 day simple moving average is $120.49. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. The company has a market cap of $13.99 billion, a price-to-earnings ratio of 41.09, a price-to-earnings-growth ratio of 2.33 and a beta of 1.93. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $161.00.

XPO (NYSE:XPO - Get Free Report) last announced 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. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. XPO had a return on equity of 26.48% and a net margin of 4.32%. The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. As a group, sell-side analysts predict that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

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.