Capital World Investors Boosts Stock Holdings in XPO, Inc. $XPO

Capital World Investors increased its position in XPO, Inc. (NYSE:XPO) by 7.3% in the third quarter, Holdings Channel.com reports. The fund owned 10,860,803 shares of the transportation company’s stock after purchasing an additional 735,450 shares during the period. Capital World Investors owned approximately 0.09% of XPO worth $1,403,973,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Amundi grew its holdings in shares of XPO by 50.7% in the first quarter. Amundi now owns 5,412 shares of the transportation company’s stock worth $582,000 after acquiring an additional 1,820 shares during the period. AQR Capital Management LLC increased its stake in XPO by 7.6% in the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after buying an additional 1,243 shares in the last quarter. NewEdge Advisors LLC raised its stake in XPO by 3.2% during the 1st quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock valued at $1,228,000 after purchasing an additional 355 shares during the period. ProShare Advisors LLC increased its holdings in XPO by 4.2% in the 2nd quarter. ProShare Advisors LLC now owns 5,470 shares of the transportation company’s stock valued at $691,000 after acquiring an additional 219 shares during the last quarter. Finally, Vise Technologies Inc. purchased a new position in XPO during the 2nd quarter valued at approximately $281,000. 97.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XPO has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of XPO in a research note on Friday, February 6th. Susquehanna downgraded shares of XPO from a “positive” rating to a “neutral” rating and lifted their price target for the company from $160.00 to $210.00 in a research note on Wednesday, February 11th. Stephens reaffirmed an “overweight” rating and issued a $170.00 price objective on shares of XPO in a research note on Tuesday, January 6th. Bank of America increased their target price on XPO from $151.00 to $158.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $180.00 price objective on shares of XPO in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.14.

XPO Stock Performance

XPO opened at $194.71 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.75. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $220.50. The company has a market cap of $22.81 billion, a price-to-earnings ratio of 73.48, a PEG ratio of 2.52 and a beta of 1.94. The firm’s fifty day simple moving average is $174.67 and its two-hundred day simple moving average is $148.81.

XPO (NYSE:XPO) last released its earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. XPO had a net margin of 3.87% and a return on equity of 25.07%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts anticipate that XPO, Inc. will post 4.15 earnings per share 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.