XPO, Inc. (NYSE:XPO) Stake Lifted by Perpetual Ltd

Perpetual Ltd raised its stake in XPO, Inc. (NYSE:XPO) by 88.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,477 shares of the transportation company’s stock after buying an additional 2,571 shares during the quarter. Perpetual Ltd’s holdings in XPO were worth $718,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Stifel Financial Corp increased its holdings in shares of XPO by 159.1% in the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock worth $7,569,000 after acquiring an additional 43,237 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of XPO in the third quarter valued at approximately $534,000. Traynor Capital Management Inc. raised its holdings in shares of XPO by 125.2% during the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock valued at $2,596,000 after buying an additional 13,422 shares during the last quarter. PCJ Investment Counsel Ltd. raised its holdings in shares of XPO by 36.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after buying an additional 10,740 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of XPO by 36.2% during the third quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock worth $75,131,000 after buying an additional 185,686 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Price Performance

NYSE XPO opened at $136.64 on Thursday. The stock’s 50-day moving average price is $144.08 and its two-hundred day moving average price is $125.60. The company has a market cap of $15.90 billion, a PE ratio of 44.22, a PEG ratio of 1.80 and a beta of 2.11. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO, Inc. has a 1 year low of $82.78 and a 1 year high of $161.00.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that XPO, Inc. will post 3.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XPO. Benchmark boosted their price target on XPO from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. TD Cowen increased their target price on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus downgraded shares of XPO from a “buy” rating to a “hold” rating and dropped their price target for the stock from $131.00 to $124.00 in a research report on Wednesday, January 15th. Stephens reiterated an “overweight” rating and issued a $165.00 price objective on shares of XPO in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. boosted their target price on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $149.71.

About XPO

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.