Vident Advisory LLC Acquires 7,397 Shares of XPO, Inc. $XPO

Key Points

• Vident Advisory LLC increased its stake in XPO, Inc. by 181.6% in Q1, owning 11,470 shares worth approximately $1.23 million.
• A significant portion of XPO's stock, around 97.73%, is held by institutional investors and hedge funds, indicating strong institutional interest.
• XPO recently reported earnings of $1.05 EPS for the quarter, surpassing analyst estimates of $0.99, with revenue also exceeding expectations at $2.08 billion.

Vident Advisory LLC lifted its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 181.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,470 shares of the transportation company's stock after purchasing an additional 7,397 shares during the period. Vident Advisory LLC's holdings in XPO were worth $1,234,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sowell Financial Services LLC acquired a new position in shares of XPO during the first quarter worth approximately $247,000. Allspring Global Investments Holdings LLC lifted its position in shares of XPO by 14.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 24,632 shares of the transportation company's stock worth $2,689,000 after purchasing an additional 3,057 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of XPO by 50.9% during the first quarter. Teacher Retirement System of Texas now owns 21,454 shares of the transportation company's stock worth $2,308,000 after purchasing an additional 7,237 shares in the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of XPO during the fourth quarter worth approximately $354,000. Finally, Vontobel Holding Ltd. lifted its position in shares of XPO by 88.0% during the first quarter. Vontobel Holding Ltd. now owns 3,719 shares of the transportation company's stock worth $400,000 after purchasing an additional 1,741 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Trading Down 0.0%

XPO traded down $0.04 during mid-day trading on Friday, hitting $130.79. The stock had a trading volume of 924,781 shares, compared to its average volume of 1,120,888. The stock's fifty day simple moving average is $129.38 and its 200-day simple moving average is $118.14. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. The firm has a market capitalization of $15.40 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 2.53 and a beta of 1.96. 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 issued its quarterly earnings data on Thursday, July 31st. The transportation company reported $1.05 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 business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period last year, the business posted $1.12 earnings per share. The firm's quarterly revenue was up .0% on a year-over-year basis. As a group, research analysts forecast that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Analyst Ratings Changes

XPO has been the topic of a number of recent research reports. Wall Street Zen raised shares of XPO from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Stephens reaffirmed an "overweight" rating and issued a $131.00 price objective on shares of XPO in a research note on Thursday, June 5th. Stifel Nicolaus reduced their price objective 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. Benchmark raised their price objective on shares of XPO from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th. Finally, Bank of America raised their price objective on shares of XPO from $139.00 to $150.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Nineteen research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

XPO Company 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.