Intech Investment Management LLC Increases Holdings in XPO, Inc. $XPO

Intech Investment Management LLC grew its stake in XPO, Inc. (NYSE:XPO) by 18.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,855 shares of the transportation company’s stock after acquiring an additional 8,878 shares during the quarter. Intech Investment Management LLC’s holdings in XPO were worth $7,479,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Bayforest Capital Ltd raised its position in shares of XPO by 72.8% in the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. Root Financial Partners LLC bought a new stake in XPO during the 3rd quarter valued at about $32,000. EverSource Wealth Advisors LLC raised its holdings in XPO by 35.8% in 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 during the last quarter. Farmers & Merchants Investments Inc. raised its holdings in XPO by 247.4% in the third quarter. Farmers & Merchants Investments Inc. now owns 337 shares of the transportation company’s stock worth $44,000 after buying an additional 240 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of XPO by 58.7% in the second quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock worth $51,000 after buying an additional 149 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XPO has been the subject of several analyst reports. Stephens reissued an “overweight” rating and set a $170.00 price target on shares of XPO in a research report on Tuesday, January 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $180.00 target price on shares of XPO in a report on Thursday, February 5th. Wells Fargo & Company boosted their price target on XPO from $147.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Citigroup upped their price target on XPO from $167.00 to $205.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of XPO in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $178.32.

XPO Stock Up 2.4%

XPO stock opened at $210.12 on Friday. XPO, Inc. has a one year low of $85.06 and a one year high of $212.71. The stock has a fifty day moving average of $165.74 and a 200 day moving average of $144.91. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $24.62 billion, a PE ratio of 79.29, a price-to-earnings-growth ratio of 2.69 and a beta of 2.01.

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

XPO Profile

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.