UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 10,665 Shares of XPO, Inc. $XPO

Key Points

• UBS AM increased its holdings in XPO, Inc. by 3.6%, owning approximately 302,969 shares valued at $32,593,000 as of the latest SEC filing.
• Several institutional investors, including MassMutual Private Wealth and Cullen Frost Bankers, have significantly increased their stakes in XPO during the first quarter.
• XPO's stock currently has an average rating of "Moderate Buy" from analysts, with a consensus price target of $138.00 and various target adjustments observed recently.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 302,969 shares of the transportation company's stock after buying an additional 10,665 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.26% of XPO worth $32,593,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its holdings in shares of XPO by 14.2% in the fourth quarter. Cetera Investment Advisers now owns 10,284 shares of the transportation company's stock valued at $1,349,000 after buying an additional 1,280 shares during the period. Focus Partners Wealth raised its position in shares of XPO by 17.5% in the fourth quarter. Focus Partners Wealth now owns 2,461 shares of the transportation company's stock valued at $323,000 after purchasing an additional 366 shares during the period. Man Group plc bought a new position in XPO during the fourth quarter worth about $3,204,000. Quantinno Capital Management LP raised its stake in XPO by 28.0% in the 4th quarter. Quantinno Capital Management LP now owns 6,373 shares of the transportation company's stock worth $836,000 after purchasing an additional 1,394 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of XPO by 11.7% during the 4th quarter. Royal Bank of Canada now owns 261,145 shares of the transportation company's stock worth $34,250,000 after purchasing an additional 27,342 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In other XPO news, Director Allison Landry sold 3,250 shares of XPO stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $135.04, for a total transaction of $438,880.00. Following the completion of the transaction, the director owned 5,875 shares in the company, valued at approximately $793,360. The trade was a 35.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on XPO shares. UBS Group boosted their target price on shares of XPO from $123.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. upped their price target on shares of XPO from $121.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Truist Financial lifted their target price on shares of XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Stifel Nicolaus cut their target price on shares of XPO from $145.00 to $136.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Finally, Benchmark lifted their price target on shares of XPO from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. Nineteen equities research 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 has a consensus rating of "Moderate Buy" and an average price target of $138.00.

XPO Stock Down 0.5%

XPO stock traded down $0.72 during mid-day trading on Friday, hitting $130.92. The stock had a trading volume of 1,176,024 shares, compared to its average volume of 1,099,615. The stock has a market capitalization of $15.42 billion, a price-to-earnings ratio of 45.30, a PEG ratio of 2.54 and a beta of 1.96. The company has a fifty day moving average of $129.49 and a 200 day moving average of $118.81. The company has a current ratio of 1.01, a quick ratio of 1.02 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.

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