91,090 Shares in XPO, Inc. $XPO Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. acquired a new position in shares of XPO, Inc. (NYSE:XPO) in the 4th quarter, Holdings Channel reports. The fund acquired 91,090 shares of the transportation company’s stock, valued at approximately $12,380,000.

Several other large investors have also made changes to their positions in XPO. Durable Capital Partners LP lifted its position in shares of XPO by 79.3% during the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after purchasing an additional 1,589,759 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of XPO by 228,761.0% during the 4th quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock worth $152,411,000 after purchasing an additional 1,120,929 shares during the last quarter. Invesco Ltd. lifted its position in shares of XPO by 19.8% during the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after purchasing an additional 1,036,434 shares during the last quarter. Capital World Investors lifted its position in shares of XPO by 7.3% during the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after purchasing an additional 735,450 shares during the last quarter. Finally, Orbis Allan Gray Ltd lifted its position in shares of XPO by 16.8% during the 2nd quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock worth $397,820,000 after purchasing an additional 452,891 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on XPO shares. Jefferies Financial Group boosted their price target on XPO to $275.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Citigroup boosted their price target on XPO from $207.00 to $221.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Wells Fargo & Company boosted their price target on XPO from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. BMO Capital Markets set a $230.00 price target on XPO in a research note on Thursday, February 19th. Finally, TD Cowen boosted their price target on XPO from $192.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $211.24.

XPO Trading Down 0.1%

XPO stock opened at $203.97 on Monday. XPO, Inc. has a 1-year low of $110.78 and a 1-year high of $231.46. The firm has a market cap of $23.95 billion, a P/E ratio of 69.85, a P/E/G ratio of 2.39 and a beta of 1.87. The business’s 50 day moving average is $203.27 and its 200-day moving average is $172.54. 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 (NYSE:XPO) last released its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the company posted $0.73 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. Equities analysts anticipate that XPO, Inc. will post 4.84 earnings per share for the current fiscal year.

XPO 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.