BNP Paribas Financial Markets Has $59.34 Million Stock Position in XPO, Inc. $XPO

Key Points

• BNP Paribas Financial Markets significantly increased its stake in XPO, Inc. by 854.2% in Q1, owning approximately 551,539 shares worth about $59 million.
• Wall Street analysts have given XPO an average rating of "Moderate Buy" with a consensus price target of $138.00, indicating overall positive sentiment toward the stock.
• XPO reported earnings of $1.05 per share for the last quarter, exceeding analysts' estimates and showing a 4.0% increase in revenue compared to the previous year.

BNP Paribas Financial Markets lifted its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 854.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 551,539 shares of the transportation company's stock after purchasing an additional 493,736 shares during the quarter. BNP Paribas Financial Markets owned 0.47% of XPO worth $59,335,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Durable Capital Partners LP bought a new position in XPO in the fourth quarter valued at approximately $75,923,000. Nuveen LLC bought a new position in XPO in the first quarter valued at approximately $33,965,000. T. Rowe Price Investment Management Inc. increased its stake in XPO by 17.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company's stock valued at $223,052,000 after acquiring an additional 306,928 shares during the last quarter. Northern Trust Corp increased its stake in XPO by 24.2% in the fourth quarter. Northern Trust Corp now owns 1,008,124 shares of the transportation company's stock valued at $132,215,000 after acquiring an additional 196,360 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in XPO by 16,790.6% in the first quarter. GAMMA Investing LLC now owns 191,708 shares of the transportation company's stock valued at $20,624,000 after acquiring an additional 190,573 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Trading Down 2.1%

XPO traded down $2.77 during trading on Tuesday, reaching $126.93. 1,192,889 shares of the stock traded hands, compared to its average volume of 1,094,058. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $14.95 billion, a PE ratio of 43.92, a P/E/G ratio of 2.50 and a beta of 1.96. The stock's 50-day moving average is $129.16 and its 200 day moving average is $118.42. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00.

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

Analyst Ratings Changes

A number of research firms have weighed in on XPO. Wells Fargo & Company boosted their target price on shares of XPO from $144.00 to $147.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Bank of America boosted their target price on shares of XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Oppenheimer boosted their target price on shares of XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a research note on Monday, July 7th. Truist Financial boosted their target price on shares of XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. Finally, Wall Street Zen raised shares of XPO from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Nineteen equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

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.