Teacher Retirement System of Texas Acquires 7,237 Shares of XPO, Inc. (NYSE:XPO)

Teacher Retirement System of Texas lifted its stake in XPO, Inc. (NYSE:XPO - Free Report) by 50.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,454 shares of the transportation company's stock after purchasing an additional 7,237 shares during the quarter. Teacher Retirement System of Texas' holdings in XPO were worth $2,308,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vontobel Holding Ltd. boosted its position in shares of XPO by 88.0% in the 1st quarter. Vontobel Holding Ltd. now owns 3,719 shares of the transportation company's stock valued at $400,000 after purchasing an additional 1,741 shares during the period. Essex Financial Services Inc. raised its stake in XPO by 20.5% during the 1st quarter. Essex Financial Services Inc. now owns 2,275 shares of the transportation company's stock valued at $245,000 after purchasing an additional 387 shares during the period. Allspring Global Investments Holdings LLC raised its stake in XPO by 14.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,632 shares of the transportation company's stock valued at $2,689,000 after purchasing an additional 3,057 shares during the period. Continuum Advisory LLC raised its stake in XPO by 22.7% during the 1st quarter. Continuum Advisory LLC now owns 1,135 shares of the transportation company's stock valued at $122,000 after purchasing an additional 210 shares during the period. Finally, Whalen Wealth Management Inc. raised its stake in XPO by 90.8% during the 1st quarter. Whalen Wealth Management Inc. now owns 5,541 shares of the transportation company's stock valued at $596,000 after purchasing an additional 2,637 shares during the period. Institutional investors and hedge funds own 97.73% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on XPO. Stifel Nicolaus cut their target price on shares of XPO from $147.00 to $142.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Evercore ISI boosted 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. Barclays boosted their target price on shares of XPO from $135.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday. Susquehanna boosted their target price on shares of XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research note on Wednesday, June 18th. Finally, Citigroup cut shares of XPO from a "buy" rating to a "neutral" rating and boosted their price target for the company from $137.00 to $140.00 in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $142.05.

XPO Stock Down 1.1%

NYSE:XPO traded down $1.41 during trading hours on Friday, reaching $132.53. The company's stock had a trading volume of 622,925 shares, compared to its average volume of 1,625,937. The company has a market cap of $15.61 billion, a price-to-earnings ratio of 40.78, a price-to-earnings-growth ratio of 2.57 and a beta of 1.93. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The business's 50-day moving average is $122.11 and its 200-day moving average is $120.79. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.02 and a quick ratio of 1.02.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.98 billion. XPO had a net margin of 4.87% and a return on equity of 28.27%. XPO's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. Equities research analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

XPO announced that its Board of Directors has initiated a share buyback program on Thursday, March 27th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

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.