Raymond James & Associates lifted its stake in shares of XPO, Inc. (NYSE:XPO – Free Report) by 28.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 266,267 shares of the transportation company’s stock after acquiring an additional 58,676 shares during the quarter. Raymond James & Associates owned 0.23% of XPO worth $15,710,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Lagoda Investment Management L.P. grew its position in shares of XPO by 1.4% during the first quarter. Lagoda Investment Management L.P. now owns 190,210 shares of the transportation company’s stock worth $6,068,000 after buying an additional 2,610 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of XPO in the 2nd quarter valued at approximately $101,000. American Century Companies Inc. raised its holdings in shares of XPO by 665.5% in the 1st quarter. American Century Companies Inc. now owns 264,895 shares of the transportation company’s stock valued at $8,436,000 after purchasing an additional 230,291 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of XPO by 1.2% during the 1st quarter. Clearbridge Investments LLC now owns 1,964,700 shares of the transportation company’s stock worth $62,674,000 after purchasing an additional 23,148 shares during the last quarter. Finally, Impact Partnership Wealth LLC acquired a new position in shares of XPO during the second quarter worth $573,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Loop Capital downgraded XPO from a “buy” rating to a “hold” rating and lifted their price target for the stock from $55.00 to $74.00 in a report on Friday, August 18th. Susquehanna upped their price target on XPO from $61.00 to $88.00 and gave the company a “positive” rating in a report on Wednesday, October 4th. Credit Suisse Group cut shares of XPO from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $55.00 to $78.00 in a report on Monday, July 31st. Barclays upped their target price on shares of XPO from $80.00 to $85.00 in a report on Wednesday, October 4th. Finally, Vertical Research lowered XPO from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.38.
XPO Price Performance
XPO stock opened at $73.93 on Monday. The company has a market cap of $8.57 billion, a P/E ratio of 101.27, a price-to-earnings-growth ratio of 3.83 and a beta of 2.17. XPO, Inc. has a one year low of $25.90 and a one year high of $80.42. The business has a fifty day moving average of $72.50 and a two-hundred day moving average of $58.06. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.99 and a current ratio of 0.99.
XPO (NYSE:XPO – Get Free Report) last announced its quarterly earnings data on Friday, August 4th. The transportation company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.60 by $0.11. XPO had a net margin of 0.97% and a return on equity of 34.51%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the business earned $1.81 earnings per share. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, analysts predict that XPO, Inc. will post 2.46 earnings per share for the current fiscal year.
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.
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