Norges Bank Invests $204.30 Million in XPO, Inc. $XPO

Norges Bank acquired a new position in XPO, Inc. (NYSE:XPO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,503,231 shares of the transportation company’s stock, valued at approximately $204,304,000. Norges Bank owned approximately 1.28% of XPO at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of XPO. Toth Financial Advisory Corp increased its stake in shares of XPO by 100.0% in the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in shares of XPO in the 4th quarter worth $28,000. Torren Management LLC purchased a new stake in shares of XPO in the 4th quarter worth $37,000. Horizon Investments LLC purchased a new stake in shares of XPO in the 3rd quarter worth $39,000. Finally, International Assets Investment Management LLC bought a new position in XPO in the 4th quarter worth $41,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the sale, the director owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on XPO. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of XPO in a report on Friday, February 6th. Wells Fargo & Company upped their target price on shares of XPO from $225.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Zacks Research raised shares of XPO from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. Benchmark increased their price target on shares of XPO from $220.00 to $240.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of XPO from $189.00 to $201.00 and gave the company an “overweight” rating in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $211.33.

XPO Stock Down 2.1%

Shares of NYSE:XPO opened at $216.67 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. XPO, Inc. has a 12 month low of $112.00 and a 12 month high of $231.46. The company has a 50-day moving average price of $207.31 and a 200 day moving average price of $178.13. The company has a market cap of $25.44 billion, a price-to-earnings ratio of 74.20, a PEG ratio of 2.59 and a beta of 1.83.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 EPS. As a group, equities research analysts predict that XPO, Inc. will post 4.84 earnings per share for the current 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.