BI Asset Management Fondsmaeglerselskab A S Invests $802,000 in XPO, Inc. (NYSE:XPO)

BI Asset Management Fondsmaeglerselskab A S acquired a new stake in XPO, Inc. (NYSE:XPO - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 9,155 shares of the transportation company's stock, valued at approximately $802,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. lifted its position in shares of XPO by 170.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company's stock worth $30,000 after purchasing an additional 211 shares in the last quarter. Hanseatic Management Services Inc. bought a new stake in XPO during the 3rd quarter worth about $43,000. GAMMA Investing LLC acquired a new position in shares of XPO during the 4th quarter worth about $46,000. Fifth Third Bancorp grew its holdings in shares of XPO by 37.3% in the 3rd quarter. Fifth Third Bancorp now owns 732 shares of the transportation company's stock valued at $55,000 after acquiring an additional 199 shares in the last quarter. Finally, Quent Capital LLC increased its position in shares of XPO by 33.5% in the fourth quarter. Quent Capital LLC now owns 729 shares of the transportation company's stock valued at $64,000 after acquiring an additional 183 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XPO has been the subject of a number of analyst reports. Morgan Stanley downgraded XPO from an "equal weight" rating to an "underweight" rating and raised their price target for the company from $75.00 to $80.00 in a research note on Monday, February 12th. Susquehanna increased their price target on shares of XPO from $100.00 to $140.00 and gave the company a "positive" rating in a research note on Thursday, February 8th. Oppenheimer lifted their price objective on shares of XPO from $130.00 to $140.00 and gave the company an "outperform" rating in a research report on Wednesday, April 10th. TD Cowen upped their price objective on XPO from $136.00 to $138.00 and gave the company a "buy" rating in a research note on Monday, May 6th. Finally, The Goldman Sachs Group lifted their target price on XPO from $98.00 to $126.00 and gave the stock a "buy" rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $114.95.

XPO Price Performance

Shares of XPO stock traded down $0.08 during trading on Thursday, hitting $105.43. The company had a trading volume of 1,100,849 shares, compared to its average volume of 1,425,649. The firm has a market capitalization of $12.26 billion, a P/E ratio of 51.72, a price-to-earnings-growth ratio of 1.52 and a beta of 2.17. XPO, Inc. has a one year low of $45.24 and a one year high of $130.51. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.94 and a current ratio of 0.94. The stock's 50-day moving average price is $117.87 and its 200 day moving average price is $103.56.

XPO (NYSE:XPO - Get Free Report) last released its earnings results on Friday, May 3rd. The transportation company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.13. XPO had a return on equity of 30.77% and a net margin of 3.08%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the company posted $0.56 EPS. The company's revenue was up 5.8% compared to the same quarter last year. Equities analysts expect that XPO, Inc. will post 3.61 EPS for the current fiscal year.

Insider Buying and Selling at XPO

In other news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the company's stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the completion of the sale, the insider now owns 11,425,369 shares of the company's stock, valued at approximately $1,290,838,189.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company's stock.

XPO Company 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.