32,600 Shares in XPO, Inc. (NYSE:XPO) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in XPO, Inc. (NYSE:XPO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 32,600 shares of the transportation company's stock, valued at approximately $2,855,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Money Concepts Capital Corp lifted its holdings in shares of XPO by 673.0% in the 4th quarter. Money Concepts Capital Corp now owns 773 shares of the transportation company's stock worth $26,000 after buying an additional 673 shares during the period. International Assets Investment Management LLC purchased a new position in XPO during the 3rd quarter worth $31,000. Hanseatic Management Services Inc. purchased a new stake in shares of XPO during the third quarter worth about $43,000. Bessemer Group Inc. acquired a new position in shares of XPO during the fourth quarter valued at about $50,000. Finally, Fifth Third Bancorp boosted its stake in XPO by 37.3% in the 3rd quarter. Fifth Third Bancorp now owns 732 shares of the transportation company's stock worth $55,000 after purchasing an additional 199 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Price Performance

XPO traded down $1.06 during midday trading on Tuesday, reaching $122.31. 1,341,061 shares of the company's stock were exchanged, compared to its average volume of 1,299,823. The business's 50-day moving average price is $121.81 and its 200 day moving average price is $96.54. The stock has a market capitalization of $14.23 billion, a PE ratio of 75.35, a P/E/G ratio of 3.03 and a beta of 2.19. XPO, Inc. has a 1-year low of $33.12 and a 1-year high of $130.51. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00.

XPO (NYSE:XPO - Get Free Report) last posted its earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.15. XPO had a return on equity of 29.85% and a net margin of 2.44%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the company earned $0.98 EPS. XPO's revenue was up 6.0% on a year-over-year basis. As a group, equities analysts anticipate that XPO, Inc. will post 3.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on XPO. JPMorgan Chase & Co. raised their target price on XPO from $97.00 to $122.00 and gave the stock an "overweight" rating in a research note on Thursday, February 8th. Susquehanna boosted their price objective on XPO from $100.00 to $140.00 and gave the company a "positive" rating in a report on Thursday, February 8th. Bank of America lifted their price target on XPO from $137.00 to $139.00 and gave the company a "buy" rating in a research note on Monday. Stifel Nicolaus boosted their price objective on XPO from $77.00 to $87.00 and gave the stock a "hold" rating in a research note on Wednesday, January 10th. Finally, TD Cowen boosted their price target on XPO from $129.00 to $136.00 and gave the stock an "outperform" rating in a research report on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $111.65.

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.