10,700 Shares in XPO, Inc. $XPO Purchased by Vestcor Inc

Vestcor Inc purchased a new stake in shares of XPO, Inc. (NYSE:XPO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,700 shares of the transportation company’s stock, valued at approximately $1,383,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bayforest Capital Ltd lifted its holdings in 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 buying an additional 83 shares during the period. Root Financial Partners LLC purchased a new position in shares of XPO during the third quarter valued at approximately $32,000. EverSource Wealth Advisors LLC raised 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 valued at $42,000 after acquiring an additional 88 shares in the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of XPO by 247.4% during the third quarter. Farmers & Merchants Investments Inc. now owns 337 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 240 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in XPO by 71.5% in the third quarter. Smartleaf Asset Management LLC now owns 434 shares of the transportation company’s stock worth $55,000 after acquiring an additional 181 shares during the period. Institutional investors own 97.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on XPO shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $180.00 price target on shares of XPO in a report on Thursday, February 5th. Oppenheimer upped their price objective on shares of XPO from $198.00 to $228.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Citigroup raised their target price on shares of XPO from $167.00 to $205.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Benchmark reiterated a “buy” rating on shares of XPO in a research report on Tuesday, March 3rd. Finally, Stephens reiterated an “overweight” rating and set a $170.00 price target on shares of XPO in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $182.14.

XPO Price Performance

Shares of XPO stock opened at $193.81 on Thursday. The stock has a market cap of $22.71 billion, a price-to-earnings ratio of 73.14, a PEG ratio of 2.52 and a beta of 1.94. The business’s fifty day moving average is $175.83 and its 200 day moving average is $149.13. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $220.50. 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 (NYSE:XPO) last announced its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.88 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 business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO Company 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.