Vanguard Group Inc. Has $1.38 Billion Stock Holdings in XPO, Inc. $XPO

Vanguard Group Inc. lowered its stake in XPO, Inc. (NYSE:XPO) by 0.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 10,688,130 shares of the transportation company’s stock after selling 67,043 shares during the period. Vanguard Group Inc. owned approximately 9.11% of XPO worth $1,381,655,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its position in shares of XPO by 23.0% in the third quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 82 shares during the last quarter. Archer Investment Corp boosted its stake in XPO by 9.6% in the 3rd quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 82 shares during the period. Bayforest Capital Ltd grew its holdings in XPO by 72.8% in the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after buying an additional 83 shares in the last quarter. Bessemer Group Inc. increased its position in XPO by 21.6% during the 3rd quarter. Bessemer Group Inc. now owns 490 shares of the transportation company’s stock worth $63,000 after buying an additional 87 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after buying an additional 88 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of XPO from $147.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Stifel Nicolaus increased their target price on shares of XPO from $166.00 to $206.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. lifted their price target on shares of XPO from $160.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Wall Street Zen upgraded XPO from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of XPO in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $178.32.

XPO Stock Up 3.4%

Shares of XPO opened at $210.18 on Friday. The firm has a 50 day simple moving average of $159.72 and a two-hundred day simple moving average of $142.02. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.05 and a quick ratio of 1.05. XPO, Inc. has a one year low of $85.06 and a one year high of $212.71. The company has a market cap of $24.62 billion, a P/E ratio of 79.31, a P/E/G ratio of 2.67 and a beta of 2.01.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.12. XPO had a return on equity of 25.07% and a net margin of 3.87%.The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the company posted $0.89 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts forecast that XPO, Inc. will post 4.15 EPS for the current fiscal year.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.