Tocqueville Asset Management L.P. Grows Position in XPO, Inc. $XPO

Key Points

• Tocqueville Asset Management L.P. increased its stake in XPO, Inc. by 9.7% during the first quarter, owning approximately 0.12% of the company valued at $15.34 million.
• A number of institutional investors, including Capital Research and T. Rowe Price, have also significantly increased their holdings in XPO during the fourth quarter, highlighting strong interest in the stock.
• XPO recently reported earnings of $1.05 per share, exceeding expectations, with analysts projecting a moderate growth outlook reflected in a price target of $138.00.

Tocqueville Asset Management L.P. boosted its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 9.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,625 shares of the transportation company's stock after buying an additional 12,625 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 0.12% of XPO worth $15,344,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XPO. Townsquare Capital LLC lifted its holdings in XPO by 7.5% during the 4th quarter. Townsquare Capital LLC now owns 2,320 shares of the transportation company's stock valued at $304,000 after buying an additional 162 shares in the last quarter. Mariner LLC raised its holdings in shares of XPO by 3.1% in the 4th quarter. Mariner LLC now owns 12,928 shares of the transportation company's stock valued at $1,696,000 after purchasing an additional 390 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of XPO by 22.7% in the 4th quarter. NewEdge Advisors LLC now owns 11,061 shares of the transportation company's stock valued at $1,451,000 after purchasing an additional 2,043 shares in the last quarter. Capital World Investors raised its holdings 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 valued at $1,016,923,000 after purchasing an additional 1,605,001 shares in the last quarter. Finally, Capital Research Global Investors raised 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 purchasing an additional 2,125,686 shares in the last quarter. Institutional investors own 97.73% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Susquehanna boosted their price target on shares of XPO from $138.00 to $145.00 and gave the company a "positive" rating in a report on Wednesday, June 18th. Wall Street Zen upgraded shares of XPO from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. TD Cowen reduced their price target on shares of XPO from $136.00 to $133.00 and set a "buy" rating for the company in a report on Friday, June 27th. Evercore ISI boosted their price target on shares of XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, Morgan Stanley reduced their price target on shares of XPO from $85.00 to $84.00 and set an "underweight" rating for the company in a report on Friday, August 1st. Nineteen investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, XPO presently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

XPO Stock Down 3.3%

Shares of XPO stock traded down $4.3550 on Wednesday, reaching $127.0850. The stock had a trading volume of 646,210 shares, compared to its average volume of 1,591,386. The company has a 50 day moving average price of $127.27 and a 200 day moving average price of $119.18. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00. The stock has a market capitalization of $14.97 billion, a P/E ratio of 43.83, a P/E/G ratio of 2.47 and a beta of 1.97.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. XPO had a net margin of 4.32% and a return on equity of 26.48%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the firm earned $1.12 EPS. The company's quarterly revenue was up .0% compared to the same quarter last year. As a group, equities research analysts forecast that XPO, Inc. will post 4.15 EPS 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.