Boston Partners Increases Stock Position in XPO, Inc. (NYSE:XPO)

Posted by on May 10th, 2023

Boston Partners increased its position in shares of XPO, Inc. (NYSE:XPO – Get Rating) by 184.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,893 shares of the transportation company’s stock after buying an additional 9,664 shares during the period. Boston Partners’ holdings in XPO were worth $496,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in XPO by 72.3% during the third quarter. Fifth Third Bancorp now owns 741 shares of the transportation company’s stock worth $33,000 after buying an additional 311 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new position in XPO during the third quarter worth $39,000. Salem Investment Counselors Inc. acquired a new position in XPO during the first quarter worth $60,000. Quadrant Capital Group LLC raised its position in XPO by 48.2% during the third quarter. Quadrant Capital Group LLC now owns 898 shares of the transportation company’s stock worth $40,000 after acquiring an additional 292 shares during the period. Finally, Wipfli Financial Advisors LLC acquired a new position in XPO during the third quarter worth $50,000. 89.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XPO. BMO Capital Markets upped their price objective on shares of XPO from $48.00 to $55.00 in a research report on Friday, May 5th. Benchmark reiterated a “buy” rating and issued a $44.00 target price on shares of XPO in a research report on Friday, February 10th. Oppenheimer reduced their target price on shares of XPO from $45.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, February 13th. KeyCorp reduced their target price on shares of XPO from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, February 10th. Finally, Barclays increased their target price on shares of XPO from $40.00 to $55.00 in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.17.

Insider Activity

In other XPO news, Director J Wes Frye acquired 1,500 shares of the stock in a transaction dated Friday, March 10th. The stock was acquired at an average price of $35.74 per share, with a total value of $53,610.00. Following the completion of the purchase, the director now owns 1,500 shares in the company, valued at approximately $53,610. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.20% of the company’s stock.

XPO Trading Down 2.4 %

Shares of XPO stock opened at $47.27 on Wednesday. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $5.48 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 2.16 and a beta of 2.16. The company has a 50-day moving average of $36.01 and a two-hundred day moving average of $37.09. XPO, Inc. has a 1-year low of $24.51 and a 1-year high of $49.20.

XPO (NYSE:XPO – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The transportation company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.45 by $0.11. XPO had a net margin of 1.92% and a return on equity of 39.93%. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $1.25 earnings per share. The business’s revenue for the quarter was down 45.1% compared to the same quarter last year. On average, analysts predict that XPO, Inc. will post 2.42 EPS for the current year.

XPO Company Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding XPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XPO, Inc. (NYSE:XPO – Get Rating).

Institutional Ownership by Quarter for XPO (NYSE:XPO)

Receive News & Ratings for XPO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO and related companies with MarketBeat.com's FREE daily email newsletter.