United Services Automobile Association Invests $811,000 in XPO, Inc. $XPO

Key Points

• United Services Automobile Association has made a new investment in XPO, Inc., purchasing 7,574 shares valued at approximately $811,000.
• XPO has seen significant interest from institutional investors, with 97.73% of the stock currently owned by them, including multiple new positions and increased stakes.
• Analyst ratings for XPO are predominantly positive, with a consensus average rating of "Moderate Buy" and a target price of $138.00.

United Services Automobile Association bought a new position in XPO, Inc. (NYSE:XPO - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 7,574 shares of the transportation company's stock, valued at approximately $811,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Aristeia Capital L.L.C. increased its stake in shares of XPO by 128.4% in the first quarter. Aristeia Capital L.L.C. now owns 5,739 shares of the transportation company's stock valued at $617,000 after buying an additional 3,226 shares during the period. Challenger Wealth Management bought a new stake in shares of XPO during the 1st quarter valued at about $250,000. Teza Capital Management LLC bought a new position in XPO in the first quarter worth approximately $415,000. Paradoxiom Capital L.P. bought a new position in XPO in the first quarter worth approximately $3,952,000. Finally, NewEdge Advisors LLC boosted its holdings in XPO by 3.2% in the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company's stock worth $1,228,000 after acquiring an additional 355 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Stock Performance

NYSE:XPO traded down $4.00 during trading hours on Friday, reaching $130.40. The stock had a trading volume of 713,840 shares, compared to its average volume of 1,083,983. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. The stock has a 50 day simple moving average of $129.48 and a 200 day simple moving average of $118.36. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The stock has a market cap of $15.36 billion, a P/E ratio of 45.12, a price-to-earnings-growth ratio of 2.51 and a beta of 1.96.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. The company had revenue of $2.08 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 earnings per share. On average, research analysts forecast that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Insider Transactions at XPO

In related news, Director Allison Landry sold 3,250 shares of XPO stock in a transaction on 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 sale, the director owned 5,875 shares of the company's stock, valued at approximately $793,360. This trade represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on XPO shares. Truist Financial raised their target price on XPO from $125.00 to $135.00 and gave the company a "buy" rating in a report on Monday, June 30th. Oppenheimer raised their target price on XPO from $126.00 to $150.00 and gave the company an "outperform" rating in a report on Monday, July 7th. Susquehanna raised their target price on 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 XPO from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Citigroup reaffirmed a "buy" rating on shares of XPO in a research report on Wednesday. Nineteen research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $138.00.

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.