Vestcor Inc Makes New $1.38 Million Investment in XPO, Inc. $XPO

Vestcor Inc purchased a new position in XPO, Inc. (NYSE:XPO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,700 shares of the transportation company’s stock, valued at approximately $1,383,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in XPO. Bayforest Capital Ltd lifted its holdings in shares of 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 acquiring an additional 83 shares during the last quarter. Root Financial Partners LLC bought a new position in XPO in the third quarter valued at $32,000. EverSource Wealth Advisors LLC increased its stake in XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 88 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position in XPO by 247.4% during the third quarter. Farmers & Merchants Investments Inc. now owns 337 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 240 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in XPO by 71.5% during the third quarter. Smartleaf Asset Management LLC now owns 434 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

XPO has been the subject of a number of research reports. Evercore set a $200.00 price objective on XPO in a report on Friday, February 6th. Stephens restated an “overweight” rating and issued a $170.00 target price on shares of XPO in a research report on Tuesday, January 6th. BMO Capital Markets set a $230.00 target price on XPO in a research note on Thursday, February 19th. Benchmark reiterated a “buy” rating on shares of XPO in a research report on Tuesday, March 3rd. Finally, Oppenheimer lifted their price target on shares of XPO from $198.00 to $228.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. One research 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.14.

XPO Trading Down 0.4%

Shares of XPO stock opened at $193.81 on Thursday. The stock has a market capitalization of $22.71 billion, a PE ratio of 73.14, a P/E/G ratio of 2.52 and a beta of 1.94. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $220.50. The business has a 50-day moving average of $175.83 and a 200 day moving average of $149.13. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.05 and a quick ratio of 1.05.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the firm earned $0.89 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current 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.