Neuberger Berman Group LLC Purchases 95,874 Shares of XPO, Inc. (NYSE:XPO)

Key Points

• Neuberger Berman Group LLC increased its holdings in XPO, Inc. by 26.3% in Q1, owning 460,485 shares valued at approximately $49.5 million.
• XPO's recent quarterly earnings exceeded expectations, reporting $1.05 EPS against an estimated $0.99, with a revenue of $2.08 billion.
• Analyst ratings for XPO are predominantly positive, with a consensus rating of "Moderate Buy" and an average price target of $138.00.

Neuberger Berman Group LLC increased its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 26.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 460,485 shares of the transportation company's stock after buying an additional 95,874 shares during the period. Neuberger Berman Group LLC owned 0.39% of XPO worth $49,539,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of XPO. SouthState Corp bought a new stake in shares of XPO during the 1st quarter worth $25,000. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 during the period. Parallel Advisors LLC boosted its holdings in 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 during the period. Cullen Frost Bankers Inc. boosted its holdings in 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 during the period. Finally, Archer Investment Corp bought a new stake in XPO in the 1st quarter valued at $91,000. 97.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on XPO shares. Oppenheimer increased their price target on shares of XPO from $126.00 to $150.00 and gave the company an "outperform" rating in a report on Monday, July 7th. JPMorgan Chase & Co. increased their price objective on shares of XPO from $121.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Barclays increased their price objective on shares of XPO from $135.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Jefferies Financial Group restated a "buy" rating and issued a $140.00 price objective (up previously from $135.00) on shares of XPO in a research note on Tuesday, June 10th. Finally, Truist Financial increased their price objective on shares of XPO from $125.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, June 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

XPO Price Performance

XPO traded down $1.19 during midday trading on Friday, hitting $127.49. The company had a trading volume of 1,060,481 shares, compared to its average volume of 1,245,020. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. The company has a market capitalization of $15.01 billion, a PE ratio of 44.11, a P/E/G ratio of 2.46 and a beta of 1.97. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The firm's 50-day simple moving average is $126.95 and its 200-day simple moving average is $119.25.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results 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 for the quarter, compared to analyst estimates of $2.05 billion. XPO had a net margin of 4.32% and a return on equity of 26.48%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 EPS. Equities research 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.