Nuveen Asset Management LLC Purchases 12,577 Shares of XPO, Inc. (NYSE:XPO)

Posted by on Mar 4th, 2023

Nuveen Asset Management LLC boosted its position in XPO, Inc. (NYSE:XPO – Get Rating) by 3.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 435,549 shares of the transportation company’s stock after buying an additional 12,577 shares during the period. Nuveen Asset Management LLC owned approximately 0.38% of XPO worth $19,390,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XPO. Rice Hall James & Associates LLC increased its position in XPO by 11.4% in the 1st quarter. Rice Hall James & Associates LLC now owns 333,227 shares of the transportation company’s stock valued at $24,259,000 after buying an additional 34,158 shares in the last quarter. Fairfield Bush & CO. bought a new stake in XPO during the 1st quarter worth approximately $147,000. American Century Companies Inc. increased its holdings in XPO by 66.8% during the 1st quarter. American Century Companies Inc. now owns 7,070 shares of the transportation company’s stock worth $515,000 after purchasing an additional 2,832 shares in the last quarter. HighTower Advisors LLC increased its holdings in XPO by 14.2% during the 1st quarter. HighTower Advisors LLC now owns 8,968 shares of the transportation company’s stock worth $654,000 after purchasing an additional 1,117 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in XPO during the 1st quarter worth approximately $242,000. 89.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Oppenheimer decreased their price objective on XPO from $45.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, February 13th. Raymond James decreased their price objective on XPO from $46.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, February 14th. Bank of America lowered XPO from a “neutral” rating to an “underperform” rating and set a $35.00 price objective for the company. in a report on Tuesday, January 17th. StockNews.com downgraded XPO from a “buy” rating to a “hold” rating in a research note on Monday, February 6th. Finally, Barclays cut their target price on XPO from $65.00 to $45.00 in a research note on Friday, December 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $50.50.

XPO Trading Up 2.1 %

NYSE:XPO opened at $36.98 on Friday. The company has a market cap of $4.27 billion, a P/E ratio of 6.42, a P/E/G ratio of 1.42 and a beta of 2.15. The stock’s fifty day moving average price is $37.15 and its two-hundred day moving average price is $41.88. XPO, Inc. has a 1 year low of $24.51 and a 1 year high of $46.84. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.08 and a quick ratio of 1.08.

XPO (NYSE:XPO – Get Rating) last posted its earnings results on Wednesday, February 8th. The transportation company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.16. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.84 billion. XPO had a return on equity of 41.62% and a net margin of 5.75%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.34 earnings per share. As a group, analysts expect that XPO, Inc. will post 2.62 EPS for the current year.

About XPO

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XPO, Inc engages in the provision of freight transportation services. It operates through North American Less-Than-Truckload and European Transportation segments. The North American Less-Than-Truckload segment includes cross-border U.S. service to and from Mexico and Canada, as well as intra-Canada service.

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Institutional Ownership by Quarter for XPO (NYSE:XPO)

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