Capital World Investors Buys 735,450 Shares of XPO, Inc. $XPO

Capital World Investors raised its stake in XPO, Inc. (NYSE:XPO) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,860,803 shares of the transportation company’s stock after acquiring an additional 735,450 shares during the period. Capital World Investors owned approximately 9.25% of XPO worth $1,403,973,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust boosted its holdings in shares of XPO by 23.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 82 shares in the last quarter. Archer Investment Corp boosted its position in XPO by 9.6% during the 3rd quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock worth $120,000 after buying an additional 82 shares during the period. Bayforest Capital Ltd raised its position in XPO by 72.8% during the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of XPO by 21.6% in the third quarter. Bessemer Group Inc. now owns 490 shares of the transportation company’s stock worth $63,000 after acquiring an additional 87 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of XPO by 35.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after purchasing an additional 88 shares during the period. Institutional investors own 97.73% of the company’s stock.

XPO Trading Up 0.2%

XPO opened at $194.71 on Wednesday. XPO, Inc. has a one year low of $85.06 and a one year high of $220.50. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50 day simple moving average of $174.67 and a two-hundred day simple moving average of $148.81. The firm has a market capitalization of $22.81 billion, a price-to-earnings ratio of 73.48, a PEG ratio of 2.52 and a beta of 1.94.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.76 by $0.12. XPO had a return on equity of 25.07% and a net margin of 3.87%.The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

Analysts Set New Price Targets

XPO has been the topic of a number of research analyst reports. Oppenheimer increased their price target on XPO from $198.00 to $228.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Rothschild & Co Redburn set a $156.00 target price on XPO in a research report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of XPO in a research report on Friday, February 6th. Citigroup raised their price target on shares of XPO from $167.00 to $205.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Finally, TD Cowen reissued a “buy” rating on shares of XPO in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and an average price target of $182.14.

XPO Company 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.