United Services Automobile Association Acquires New Position 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 acquired a new stake in XPO, Inc. (NYSE:XPO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,574 shares of the transportation company's stock, valued at approximately $811,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. lifted its holdings in XPO by 17.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company's stock valued at $223,052,000 after purchasing an additional 306,928 shares in the last quarter. Durable Capital Partners LP raised its position in shares of XPO by 246.4% in the first quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company's stock valued at $215,730,000 after buying an additional 1,426,394 shares during the last quarter. Findlay Park Partners LLP lifted its stake in shares of XPO by 11.6% during the first quarter. Findlay Park Partners LLP now owns 1,572,500 shares of the transportation company's stock valued at $169,170,000 after buying an additional 163,300 shares during the period. Raymond James Financial Inc. boosted its position in XPO by 9.4% during the first quarter. Raymond James Financial Inc. now owns 760,086 shares of the transportation company's stock worth $81,770,000 after acquiring an additional 65,023 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in XPO by 854.2% in the 1st quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company's stock worth $59,335,000 after acquiring an additional 493,736 shares during the period. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Stock Down 3.0%

Shares of XPO traded down $4.00 during midday trading on Friday, reaching $130.40. 713,840 shares of the company were exchanged, compared to its average volume of 1,101,315. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The stock has a 50-day moving average price of $129.48 and a 200-day moving average price of $118.40. 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 $15.36 billion, a price-to-earnings ratio of 45.12, a P/E/G ratio of 2.60 and a beta of 1.96.

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, beating the consensus estimate 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 net margin of 4.32% and a return on equity of 26.48%. XPO's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the company earned $1.12 earnings per share. Research analysts expect that XPO, Inc. will post 4.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Allison Landry sold 3,250 shares of the firm's 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 sale, the director directly owned 5,875 shares in the company, valued at $793,360. This trade represents a 35.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on XPO from $121.00 to $130.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Barclays increased their target price on XPO from $135.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Benchmark lifted their price target on XPO from $130.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. Stephens reiterated an "overweight" rating and set a $131.00 price objective on shares of XPO in a report on Thursday, June 5th. Finally, Morgan Stanley lowered their target price 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 analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

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.