T. Rowe Price Investment Management Inc. boosted its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 17.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,073,352 shares of the transportation company's stock after acquiring an additional 306,928 shares during the period. T. Rowe Price Investment Management Inc. owned about 1.76% of XPO worth $223,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sowell Financial Services LLC bought a new position in shares of XPO during the first quarter valued at approximately $247,000. Allspring Global Investments Holdings LLC boosted its position 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 acquiring an additional 3,057 shares in the last quarter. Teacher Retirement System of Texas boosted its position in XPO by 50.9% during the 1st quarter. Teacher Retirement System of Texas now owns 21,454 shares of the transportation company's stock valued at $2,308,000 after acquiring an additional 7,237 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in XPO during the 4th quarter valued at $354,000. Finally, Vontobel Holding Ltd. boosted its position in XPO by 88.0% during the first quarter. Vontobel Holding Ltd. now owns 3,719 shares of the transportation company's stock valued at $400,000 after purchasing an additional 1,741 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.
XPO Stock Performance
XPO traded up $9.4840 on Friday, reaching $137.4040. 1,996,689 shares of the stock were exchanged, compared to its average volume of 1,295,165. The company's 50-day moving average price is $127.85 and its 200 day moving average price is $119.14. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. The firm has a market capitalization of $16.18 billion, a PE ratio of 47.54, a PEG ratio of 2.65 and a beta of 1.97.
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, topping analysts' consensus estimates of $0.99 by $0.06. XPO had a return on equity of 26.48% and a net margin of 4.32%.The company had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $2.05 billion. During the same quarter in the previous year, the firm posted $1.12 EPS. The firm's revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts forecast that XPO, Inc. will post 4.15 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on XPO shares. Truist Financial raised their price objective on XPO from $125.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, June 30th. Wells Fargo & Company raised their price target on shares of XPO from $144.00 to $147.00 and gave the company an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. raised their target price 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. Citigroup upgraded shares of XPO from a "neutral" rating to a "buy" rating and set a $140.00 target price for the company in a research note on Friday, August 1st. Finally, Jefferies Financial Group restated a "buy" rating and issued a $140.00 target price (up from $135.00) on shares of XPO in a research note on Tuesday, June 10th. Nineteen equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $138.00.
Read Our Latest Report on XPO
XPO Company Profile
(
Free Report)
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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