XPO, Inc. $XPO Position Boosted by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments boosted its XPO stake by 358.6% in the first quarter, ending with 391,800 shares worth about $77.7 million.
• XPO reported better-than-expected first-quarter results, posting EPS of $1.01 versus the $0.89 estimate and revenue of $2.10 billion versus $2.04 billion expected.
• Wall Street sentiment remains positive, with multiple analysts raising price targets and the stock currently carrying an average Moderate Buy rating and a consensus target of $219.57.

Allspring Global Investments Holdings LLC boosted its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 358.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 391,800 shares of the transportation company's stock after acquiring an additional 306,373 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.33% of XPO worth $77,745,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in XPO. Toth Financial Advisory Corp increased its stake in XPO by 100.0% during the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company's stock valued at $27,000 after buying an additional 100 shares during the period. Elyxium Wealth LLC bought a new position in XPO during the 4th quarter valued at $28,000. Torren Management LLC acquired a new position in shares of XPO during the 4th quarter valued at $37,000. Horizon Investments LLC bought a new stake in shares of XPO in the 3rd quarter worth $39,000. Finally, International Assets Investment Management LLC bought a new stake in shares of XPO in the 4th quarter worth $41,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 2,400 shares of the business's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares of the company's stock, valued at $1,045,492.89. The trade was a 33.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.87% of the company's stock.

Analyst Ratings Changes

XPO has been the subject of several research reports. Oppenheimer raised their target price on XPO from $228.00 to $236.00 and gave the company an "outperform" rating in a research note on Monday, May 4th. Stifel Nicolaus set a $237.00 price target on shares of XPO in a report on Friday, May 1st. Truist Financial set a $240.00 price objective on shares of XPO in a research report on Friday, May 1st. Barclays lifted their price objective on shares of XPO from $195.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. Finally, Evercore upgraded shares of XPO from an "in-line" rating to an "outperform" rating in a report on Wednesday, July 1st. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $219.57.

XPO Stock Performance

Shares of XPO stock opened at $214.67 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. XPO, Inc. has a fifty-two week low of $116.68 and a fifty-two week high of $232.05. The stock's 50-day moving average is $209.09 and its two-hundred day moving average is $194.68. The firm has a market cap of $25.20 billion, a P/E ratio of 73.52, a PEG ratio of 2.52 and a beta of 1.85.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The firm's revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 EPS. Analysts predict that XPO, Inc. will post 4.9 earnings per share for the current fiscal year.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company's operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.

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