Westwood Holdings Group Inc. Has $19.84 Million Stake 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. increased its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 22.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 about 0.16% of XPO worth $19,839,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after purchasing an additional 113 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of XPO by 58.8% in the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock valued at $52,000 after purchasing an additional 180 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of XPO by 65.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock valued at $57,000 after purchasing an additional 209 shares in the last quarter. Archer Investment Corp acquired a new stake in shares of XPO in the 1st quarter valued at $91,000. Finally, UMB Bank n.a. boosted its holdings in shares of XPO by 97.4% in the 1st quarter. UMB Bank n.a. now owns 1,062 shares of the transportation company's stock valued at $114,000 after purchasing an additional 524 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Morgan Stanley dropped their price target on XPO from $85.00 to $84.00 and set an "underweight" rating for the company in a research note on Friday, August 1st. TD Cowen dropped their price target on XPO from $136.00 to $133.00 and set a "buy" rating for the company in a research note on Friday, June 27th. Benchmark increased their price target on XPO from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th. Citigroup upgraded XPO from a "neutral" rating to a "buy" rating and set a $140.00 price target for the company in a research note on Friday, August 1st. Finally, Barclays increased their price target on XPO from $135.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $138.00.

XPO Stock Down 0.2%

Shares of XPO traded down $0.22 during trading hours on Friday, hitting $120.16. The stock had a trading volume of 921,348 shares, compared to its average volume of 1,206,194. 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 50 day simple moving average of $125.87 and a 200-day simple moving average of $119.67. The firm has a market capitalization of $14.15 billion, a P/E ratio of 41.58, a price-to-earnings-growth ratio of 2.32 and a beta of 1.97. 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 earnings results on Thursday, July 31st. The transportation company reported $1.05 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 return on equity of 26.48% and a net margin of 4.32%. The firm's revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the business posted $1.12 EPS. Sell-side analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal 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.