South Dakota Investment Council Has $1.34 Million Stake in XPO, Inc. $XPO

South Dakota Investment Council increased its stake in shares of XPO, Inc. (NYSE:XPO) by 79.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,606 shares of the transportation company’s stock after purchasing an additional 4,700 shares during the quarter. South Dakota Investment Council’s holdings in XPO were worth $1,339,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in XPO. Durable Capital Partners LP increased its position in XPO by 246.4% during the 1st quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company’s stock worth $215,730,000 after purchasing an additional 1,426,394 shares in the last quarter. Cooke & Bieler LP acquired a new position in XPO during the 2nd quarter worth approximately $108,218,000. BNP Paribas Financial Markets increased its position in XPO by 854.2% during the 1st quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company’s stock worth $59,335,000 after purchasing an additional 493,736 shares in the last quarter. Nuveen LLC acquired a new position in XPO during the 1st quarter worth approximately $33,965,000. Finally, T. Rowe Price Investment Management Inc. increased its position in XPO by 17.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company’s stock worth $223,052,000 after purchasing an additional 306,928 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 3,250 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the completion of the sale, the director directly owned 5,875 shares in the company, valued at $793,360. This represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.90% of the stock is currently owned by company insiders.

XPO Stock Performance

Shares of XPO stock opened at $138.40 on Tuesday. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. The business’s 50 day simple moving average is $130.87 and its 200 day simple moving average is $124.88. The stock has a market capitalization of $16.30 billion, a PE ratio of 47.89, a PEG ratio of 2.51 and a beta of 1.95.

XPO (NYSE:XPO) last posted its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. The company had revenue of ($2,243.00) million during the quarter. As a group, research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on XPO shares. Barclays upped their price objective on shares of XPO from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. UBS Group upped their price objective on shares of XPO from $150.00 to $162.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Evercore ISI upped their price target on shares of XPO from $141.00 to $151.00 and gave the company an “outperform” rating in a research report on Friday. Wells Fargo & Company upped their price target on shares of XPO from $144.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Citigroup upped their price target on shares of XPO from $155.00 to $159.00 and gave the company a “buy” rating in a research report on Friday. Twenty analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, XPO has a consensus rating of “Moderate Buy” and an average target price of $147.40.

XPO Company 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.