XPO, Inc. $XPO Shares Purchased by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. significantly increased its holdings in XPO, Inc. by 128.8%, acquiring a total of 10,549 shares worth approximately $1.33 million.
• Analysts currently favor XPO, with a consensus rating of "Moderate Buy" and a target price averaging $143.00, reflecting bullish sentiment among 19 analysts with buy ratings.
• XPO, Inc. reported a return on equity of 26.48% in its latest earnings announcement, with earnings per share (EPS) of $0.64 and revenue of approximately $2.24 billion.

First Citizens Bank & Trust Co. raised its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 128.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,549 shares of the transportation company's stock after acquiring an additional 5,939 shares during the period. First Citizens Bank & Trust Co.'s holdings in XPO were worth $1,332,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in shares of XPO by 57.0% during the first quarter. GAMMA Investing LLC now owns 1,782 shares of the transportation company's stock valued at $192,000 after purchasing an additional 647 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in XPO by 14.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,632 shares of the transportation company's stock valued at $2,689,000 after buying an additional 3,057 shares during the period. Essex Financial Services Inc. increased its stake in XPO by 20.5% during the 1st quarter. Essex Financial Services Inc. now owns 2,275 shares of the transportation company's stock valued at $245,000 after buying an additional 387 shares during the period. Vontobel Holding Ltd. raised its position in shares of XPO by 88.0% during the 1st quarter. Vontobel Holding Ltd. now owns 3,719 shares of the transportation company's stock worth $400,000 after buying an additional 1,741 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of XPO by 50.9% during the 1st quarter. Teacher Retirement System of Texas now owns 21,454 shares of the transportation company's stock worth $2,308,000 after buying an additional 7,237 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on XPO. Truist Financial set a $145.00 price objective on shares of XPO in a report on Tuesday, October 14th. UBS Group upped their target price on XPO from $150.00 to $162.00 and gave the stock a "buy" rating in a research report on Friday, October 3rd. Morgan Stanley lowered their price target on XPO from $84.00 to $83.00 and set an "underweight" rating on the stock in a research report on Monday, October 6th. Evercore ISI boosted their price objective on XPO from $134.00 to $141.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 30th. Finally, Stifel Nicolaus cut their price objective on XPO from $145.00 to $136.00 and set a "buy" rating for the company in a report on Friday, August 1st. Nineteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.00.

XPO Stock Performance

XPO opened at $125.74 on Friday. 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 firm has a market cap of $14.81 billion, a PE ratio of 43.51, a P/E/G ratio of 2.52 and a beta of 1.95. The business has a fifty day simple moving average of $130.74 and a 200-day simple moving average of $122.88. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%.The company had revenue of ($2,243.00) million for the quarter. As a group, equities analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 3,250 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the completion of the sale, the director directly owned 5,875 shares of the company's stock, valued at approximately $793,360. This represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.90% of the company's stock.

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.

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