XPO, Inc. $XPO Shares Acquired by Hancock Whitney Corp

Key Points

• Hancock Whitney Corp increased its stake in XPO, Inc. by 7.5%, acquiring an additional 5,124 shares during the first quarter, bringing their total holding to approximately $7.86 million.
• XPO, Inc. reported $1.05 earnings per share for the last quarter, exceeding analysts' expectations of $0.99, while their revenue reached $2.08 billion.
• Brokerages have revised their price targets for XPO, with Oppenheimer raising theirs from $126 to $150 and Citigroup upgrading it to a "buy" rating with a target of $140.

Hancock Whitney Corp increased its position in XPO, Inc. (NYSE:XPO - Free Report) by 7.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,023 shares of the transportation company's stock after acquiring an additional 5,124 shares during the period. Hancock Whitney Corp owned approximately 0.06% of XPO worth $7,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the company. Hawk Ridge Capital Management LP increased its holdings in XPO by 15.8% in the 1st quarter. Hawk Ridge Capital Management LP now owns 289,588 shares of the transportation company's stock worth $31,154,000 after buying an additional 39,500 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of XPO in the 1st quarter valued at about $7,256,000. AQR Capital Management LLC boosted its stake in shares of XPO by 7.6% in the first quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company's stock worth $1,856,000 after buying an additional 1,243 shares during the last quarter. Advisors Asset Management Inc. boosted its position in XPO by 67.7% in the 1st quarter. Advisors Asset Management Inc. now owns 8,986 shares of the transportation company's stock worth $967,000 after purchasing an additional 3,628 shares in the last quarter. Finally, Amundi boosted its holdings in XPO by 50.7% during the first quarter. Amundi now owns 5,412 shares of the transportation company's stock worth $582,000 after buying an additional 1,820 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Down 1.0%

Shares of XPO opened at $125.69 on Thursday. The company's 50-day moving average price is $129.19 and its 200 day moving average price is $118.47. XPO, Inc. has a 12-month low of $85.06 and a 12-month 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 firm has a market cap of $14.80 billion, a P/E ratio of 43.49, a price-to-earnings-growth ratio of 2.50 and a beta of 1.96.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. XPO had a net margin of 4.32% and a return on equity of 26.48%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the firm earned $1.12 EPS. The business's revenue was up .0% on a year-over-year basis. On average, sell-side analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on XPO. Oppenheimer raised their price objective on XPO from $126.00 to $150.00 and gave the company an "outperform" rating in a report on Monday, July 7th. Truist Financial lifted their price target on XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. Citigroup upgraded XPO from a "neutral" rating to a "buy" rating and set a $140.00 price target for the company in a research report on Friday, August 1st. Morgan Stanley dropped their target price on shares of XPO from $85.00 to $84.00 and set an "underweight" rating for the company in a report on Friday, August 1st. Finally, Barclays raised their target price on shares of XPO from $135.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Nineteen analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, XPO presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

XPO Company 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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