BNP PARIBAS ASSET MANAGEMENT Holding S.A. Takes $156,000 Position in XPO, Inc. $XPO

BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in XPO, Inc. (NYSE:XPO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,232 shares of the transportation company’s stock, valued at approximately $156,000.

A number of other hedge funds also recently made changes to their positions in XPO. Durable Capital Partners LP lifted 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 purchasing an additional 1,426,394 shares during the last quarter. Cooke & Bieler LP acquired a new stake in XPO during the 2nd quarter worth approximately $108,218,000. BNP Paribas Financial Markets lifted 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 purchasing an additional 493,736 shares during the last quarter. Nuveen LLC acquired a new stake in XPO during the 1st quarter worth approximately $33,965,000. Finally, T. Rowe Price Investment Management Inc. lifted 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 purchasing an additional 306,928 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Price Performance

XPO stock opened at $138.34 on Thursday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00. The stock has a market capitalization of $16.24 billion, a P/E ratio of 47.87, a price-to-earnings-growth ratio of 2.51 and a beta of 1.99. The stock has a fifty day moving average of $131.08 and a 200-day moving average of $125.28.

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

Insider Activity at XPO

In other news, Director Allison Landry sold 3,250 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total transaction of $438,880.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

XPO has been the subject of several research reports. Oppenheimer set a $154.00 price target on XPO and gave the stock an “outperform” rating in a report on Friday, October 31st. Wall Street Zen raised XPO from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. TD Cowen lifted their price target on XPO from $131.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, October 31st. JPMorgan Chase & Co. lifted their price objective on XPO from $144.00 to $166.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Finally, Truist Financial set a $145.00 price objective on XPO in a report on Tuesday, October 14th. Twenty equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $147.40.

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.