VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $960,000 Investment in XPO, Inc. $XPO

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in XPO, Inc. (NYSE:XPO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,599 shares of the transportation company's stock, valued at approximately $960,000.

A number of other large investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in XPO by 4.4% during the second quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company's stock worth $235,000 after purchasing an additional 78 shares during the last quarter. Securian Asset Management Inc. lifted its position in shares of XPO by 1.2% during the 1st quarter. Securian Asset Management Inc. now owns 8,904 shares of the transportation company's stock worth $958,000 after buying an additional 105 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of XPO by 46.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company's stock worth $44,000 after buying an additional 111 shares during the last quarter. Signaturefd LLC grew its holdings in shares of XPO by 10.6% in the first quarter. Signaturefd LLC now owns 1,363 shares of the transportation company's stock valued at $147,000 after acquiring an additional 131 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of XPO by 0.6% during the first quarter. Oregon Public Employees Retirement Fund now owns 23,802 shares of the transportation company's stock valued at $2,561,000 after acquiring an additional 142 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on XPO. Benchmark reissued a "buy" rating and issued a $140.00 price objective on shares of XPO in a research report on Wednesday, October 1st. Stifel Nicolaus cut their price target on shares of XPO from $145.00 to $136.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Weiss Ratings restated a "hold (c)" rating on shares of XPO in a research report on Wednesday, October 8th. Oppenheimer lifted their price objective on shares of XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday, July 7th. Finally, Wells Fargo & Company increased their target price on shares of XPO from $144.00 to $147.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Nineteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $143.00.

Insiders Place Their Bets

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

XPO Trading Down 4.6%

Shares of XPO stock opened at $125.22 on Friday. The stock has a market capitalization of $14.75 billion, a price-to-earnings ratio of 43.33, a PEG ratio of 2.63 and a beta of 1.95. The company's fifty day simple moving average is $130.78 and its two-hundred day simple moving average is $122.64. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%.The company had revenue of ($2,243.00) million during the quarter. As a group, analysts anticipate that XPO, Inc. will post 4.15 earnings per share 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.

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