Westwood Holdings Group Inc. Has $19.84 Million Stock Position in XPO, Inc. (NYSE:XPO)

Key Points

• Westwood Holdings Group Inc. increased its stake in XPO, Inc. by 22.0% in Q1, holding approximately 184,411 shares valued at $19.84 million.
• 97.73% of XPO's stock is owned by institutional investors, with several firms, including Capital Research and T. Rowe Price, increasing their stakes in the fourth quarter.
• XPO reported earnings of $1.05 per share in July, exceeding analysts' expectations, with a revenue of $2.08 billion for the quarter.

Westwood Holdings Group Inc. boosted its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 22.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 184,411 shares of the transportation company's stock after buying an additional 33,214 shares during the quarter. Westwood Holdings Group Inc. owned approximately 0.16% of XPO worth $19,839,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in XPO. MassMutual Private Wealth & Trust FSB increased its position in XPO by 89.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after purchasing an additional 113 shares during the period. Parallel Advisors LLC raised its position in XPO by 58.8% during the first quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock worth $52,000 after acquiring an additional 180 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of XPO by 65.7% in the first quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock worth $57,000 after acquiring an additional 209 shares during the last quarter. Archer Investment Corp acquired a new stake in shares of XPO in the first quarter worth approximately $91,000. Finally, UMB Bank n.a. grew its position in XPO by 97.4% during the first quarter. UMB Bank n.a. now owns 1,062 shares of the transportation company's stock valued at $114,000 after acquiring an additional 524 shares during the period. Hedge funds and other institutional investors own 97.73% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. TD Cowen dropped their price objective on shares of XPO from $136.00 to $133.00 and set a "buy" rating for the company in a research report on Friday, June 27th. Morgan Stanley decreased their target price on XPO from $85.00 to $84.00 and set an "underweight" rating for the company in a research report on Friday, August 1st. Benchmark upped their price target on XPO from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. UBS Group boosted their price objective on shares of XPO from $123.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Bank of America boosted their price target on XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $138.00.

XPO Price Performance

XPO stock traded up $0.65 on Friday, hitting $121.03. 84,510 shares of the company's stock traded hands, compared to its average volume of 1,616,914. The stock has a market cap of $14.25 billion, a price-to-earnings ratio of 41.78, a P/E/G ratio of 2.38 and a beta of 1.97. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. 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 stock has a fifty day moving average of $125.75 and a 200-day moving average of $119.91.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.06. The firm had revenue of $2.08 billion for 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 business's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.12 EPS. On average, analysts forecast 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.