Nicholas Investment Partners LP Purchases 19,010 Shares of XPO, Inc. (NYSE:XPO)

Nicholas Investment Partners LP increased its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 235.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,076 shares of the transportation company's stock after acquiring an additional 19,010 shares during the period. Nicholas Investment Partners LP's holdings in XPO were worth $2,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Deutsche Bank AG boosted its stake in XPO by 12,894.9% during the 3rd quarter. Deutsche Bank AG now owns 1,304,037 shares of the transportation company's stock valued at $97,359,000 after purchasing an additional 1,294,002 shares during the period. Eminence Capital LP increased its position in XPO by 137.4% during the third quarter. Eminence Capital LP now owns 1,191,311 shares of the transportation company's stock worth $88,943,000 after acquiring an additional 689,457 shares during the period. Invesco Ltd. increased its position in XPO by 76.5% during the third quarter. Invesco Ltd. now owns 1,258,725 shares of the transportation company's stock worth $93,976,000 after acquiring an additional 545,485 shares during the period. Lord Abbett & CO. LLC acquired a new stake in XPO in the 3rd quarter worth $27,267,000. Finally, Victory Capital Management Inc. grew its position in XPO by 1,405.6% in the 3rd quarter. Victory Capital Management Inc. now owns 345,968 shares of the transportation company's stock worth $25,830,000 after purchasing an additional 322,989 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Up 2.5 %

Shares of XPO stock traded up $2.76 during trading on Tuesday, reaching $112.24. The company's stock had a trading volume of 1,761,430 shares, compared to its average volume of 1,438,551. The business has a fifty day moving average price of $119.82 and a 200-day moving average price of $102.07. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.49. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 55.02, a price-to-earnings-growth ratio of 2.64 and a beta of 2.17. XPO, Inc. has a one year low of $45.24 and a one year high of $130.51.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.13. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. XPO had a net margin of 3.08% and a return on equity of 30.77%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 earnings per share. Analysts anticipate that XPO, Inc. will post 3.61 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays raised their price target on shares of XPO from $100.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. Morgan Stanley downgraded shares of XPO from an "equal weight" rating to an "underweight" rating and raised their price objective for the stock from $75.00 to $80.00 in a report on Monday, February 12th. BMO Capital Markets raised their price objective on shares of XPO from $100.00 to $145.00 and gave the stock an "outperform" rating in a report on Thursday, February 8th. The Goldman Sachs Group raised their price objective on shares of XPO from $98.00 to $126.00 and gave the stock a "buy" rating in a report on Thursday, February 8th. Finally, Benchmark raised their price objective on shares of XPO from $125.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $114.95.

XPO 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.