Teacher Retirement System of Texas Has $2.64 Million Holdings in XPO, Inc. $XPO

Teacher Retirement System of Texas lessened its stake in shares of XPO, Inc. (NYSE:XPO) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,863 shares of the transportation company’s stock after selling 591 shares during the period. Teacher Retirement System of Texas’ holdings in XPO were worth $2,635,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of XPO. Durable Capital Partners LP raised its holdings in XPO by 246.4% during the 1st quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company’s stock worth $215,730,000 after buying an additional 1,426,394 shares during the period. BNP Paribas Financial Markets raised its holdings in XPO by 854.2% during the 1st quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company’s stock worth $59,335,000 after buying an additional 493,736 shares during the period. Nuveen LLC acquired a new stake in XPO during the 1st quarter worth about $33,965,000. T. Rowe Price Investment Management Inc. raised its holdings in XPO by 17.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company’s stock worth $223,052,000 after buying an additional 306,928 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in XPO by 243.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 295,924 shares of the transportation company’s stock worth $31,836,000 after buying an additional 209,808 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

XPO has been the topic of several recent analyst reports. TD Cowen boosted their price objective on XPO from $131.00 to $141.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer set a $154.00 price objective on XPO and gave the stock an “outperform” rating in a report on Friday. Evercore ISI upped their target price on XPO from $141.00 to $151.00 and gave the company an “outperform” rating in a report on Friday. JPMorgan Chase & Co. upped their target price on XPO from $144.00 to $166.00 and gave the company an “overweight” rating in a report on Friday. Finally, Wall Street Zen upgraded XPO from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Twenty analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.40.

Insider Activity at XPO

In related news, Director Allison Landry sold 3,250 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the sale, the director owned 5,875 shares of the company’s stock, valued at approximately $793,360. The trade was a 35.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.90% of the company’s stock.

XPO Price Performance

Shares of XPO opened at $144.24 on Monday. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 49.91, a P/E/G ratio of 2.51 and a beta of 1.95. The business’s 50-day moving average is $130.79 and its 200-day moving average is $124.59. 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.

XPO (NYSE:XPO) last announced its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. The business had revenue of ($2,243.00) million during the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%. Equities research analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

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.