Neuberger Berman Group LLC Reduces Stock Position in XPO, Inc. $XPO

Neuberger Berman Group LLC cut its position in XPO, Inc. (NYSE:XPO) by 90.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,849 shares of the transportation company’s stock after selling 106,771 shares during the period. Neuberger Berman Group LLC’s holdings in XPO were worth $1,402,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. raised its position in XPO by 306.9% during the 2nd quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company’s stock worth $660,679,000 after buying an additional 3,945,683 shares during the last quarter. Durable Capital Partners LP increased its stake in shares of XPO by 79.3% in the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after acquiring an additional 1,589,759 shares during the period. Norges Bank purchased a new position in shares of XPO during the second quarter worth $168,840,000. Orbis Allan Gray Ltd lifted its position in XPO by 16.8% during the second quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock valued at $397,820,000 after purchasing an additional 452,891 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in XPO in the second quarter valued at $47,437,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analyst Ratings Changes

XPO has been the subject of several analyst reports. Bank of America boosted their price objective on XPO from $151.00 to $158.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Susquehanna lowered XPO from a “positive” rating to a “neutral” rating and upped their price objective for the stock from $160.00 to $210.00 in a research report on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of XPO in a research note on Wednesday, January 21st. Barclays set a $195.00 target price on shares of XPO and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, TD Cowen reiterated a “buy” rating on shares of XPO in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.57.

XPO Price Performance

Shares of NYSE XPO opened at $188.48 on Friday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a fifty day moving average of $172.42 and a 200 day moving average of $147.79. The firm has a market cap of $22.08 billion, a PE ratio of 71.12, a PEG ratio of 2.44 and a beta of 1.94. XPO, Inc. has a one year low of $85.06 and a one year high of $220.50.

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