Beck Bode LLC Makes New Investment in XPO, Inc. (NYSE:XPO)

Beck Bode LLC bought a new position in shares of XPO, Inc. (NYSE:XPO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,113 shares of the transportation company’s stock, valued at approximately $4,389,000.

A number of other institutional investors and hedge funds also recently modified their holdings of XPO. Flputnam Investment Management Co. grew its position in shares of XPO by 1.9% during the third quarter. Flputnam Investment Management Co. now owns 7,773 shares of the transportation company’s stock worth $580,000 after acquiring an additional 145 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of XPO by 1.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 14,006 shares of the transportation company’s stock worth $1,046,000 after acquiring an additional 160 shares during the last quarter. CWM LLC grew its position in shares of XPO by 25.2% during the fourth quarter. CWM LLC now owns 796 shares of the transportation company’s stock worth $70,000 after acquiring an additional 160 shares during the last quarter. M&T Bank Corp grew its position in shares of XPO by 3.1% during the third quarter. M&T Bank Corp now owns 5,469 shares of the transportation company’s stock worth $408,000 after acquiring an additional 165 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of XPO by 20.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,000 shares of the transportation company’s stock worth $75,000 after acquiring an additional 170 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Down 3.0 %

NYSE XPO traded down $3.32 during trading on Tuesday, reaching $107.40. The company’s stock had a trading volume of 2,482,597 shares, compared to its average volume of 1,378,148. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The stock has a market capitalization of $12.49 billion, a PE ratio of 66.71, a PEG ratio of 2.67 and a beta of 2.19. The business has a 50-day moving average price of $121.51 and a 200-day moving average price of $99.63. XPO, Inc. has a 1-year low of $42.86 and a 1-year high of $130.51.

XPO (NYSE:XPO) last posted its earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.15. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.92 billion. XPO had a net margin of 2.44% and a return on equity of 29.85%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. On average, research analysts forecast that XPO, Inc. will post 3.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on XPO. Stifel Nicolaus upped their price target on shares of XPO from $77.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Benchmark increased their target price on shares of XPO from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. BMO Capital Markets increased their target price on shares of XPO from $100.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Barclays increased their target price on shares of XPO from $100.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Finally, Raymond James increased their target price on shares of XPO from $130.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $111.65.

XPO Profile

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.