Police & Firemen s Retirement System of New Jersey Increases Holdings in XPO, Inc. $XPO

Police & Firemen s Retirement System of New Jersey boosted its position in XPO, Inc. (NYSE:XPO) by 4.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,500 shares of the transportation company’s stock after purchasing an additional 2,044 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in XPO were worth $5,494,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Durable Capital Partners LP grew its holdings in XPO by 246.4% in the first quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company’s stock valued at $215,730,000 after purchasing an additional 1,426,394 shares during the last quarter. Cooke & Bieler LP purchased a new stake in shares of XPO in the 2nd quarter worth about $108,218,000. BNP Paribas Financial Markets grew its stake in XPO by 854.2% in the 1st quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company’s stock valued at $59,335,000 after acquiring an additional 493,736 shares during the last quarter. Nuveen LLC purchased a new position in XPO during the 1st quarter valued at about $33,965,000. Finally, T. Rowe Price Investment Management Inc. raised its position in XPO by 17.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company’s stock worth $223,052,000 after acquiring an additional 306,928 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of XPO from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Cowen reaffirmed a “buy” rating on shares of XPO in a research note on Friday, October 31st. Citigroup increased their target price on XPO from $155.00 to $159.00 and gave the company a “buy” rating in a report on Friday, October 31st. Susquehanna reissued a “positive” rating and issued a $162.00 price target on shares of XPO in a report on Friday, October 31st. Finally, Oppenheimer set a $154.00 price objective on XPO and gave the company an “outperform” rating in a research report on Friday, October 31st. Twenty analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.40.

XPO Trading Down 1.1%

Shares of XPO stock opened at $133.96 on Friday. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The business’s fifty day moving average is $132.30 and its two-hundred day moving average is $127.03. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. The firm has a market cap of $15.72 billion, a PE ratio of 46.35, a P/E/G ratio of 2.51 and a beta of 1.99.

XPO (NYSE:XPO) last released its 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 firm had revenue of ($2,243.00) million during the quarter. Analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

Insider Activity

In other XPO news, Director Allison Landry sold 3,250 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the transaction, the director owned 5,875 shares of the company’s stock, valued at $793,360. This trade represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

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.