XPO, Inc. $XPO Position Raised by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. boosted its position in XPO, Inc. (NYSE:XPO) by 0.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,959,760 shares of the transportation company’s stock after purchasing an additional 2,623 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in XPO were worth $402,261,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amundi increased its position in shares of XPO by 50.7% during the 1st quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after purchasing an additional 1,820 shares during the period. AQR Capital Management LLC raised its stake in shares of XPO by 7.6% in the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after buying an additional 1,243 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of XPO by 3.2% in the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock valued at $1,228,000 after buying an additional 355 shares during the period. EverSource Wealth Advisors LLC boosted its stake in XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after buying an additional 88 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in XPO during the second quarter valued at about $611,000. 97.73% of the stock is owned by institutional investors.

XPO Stock Down 1.1%

NYSE:XPO opened at $199.56 on Friday. The firm has a market capitalization of $23.43 billion, a price-to-earnings ratio of 68.34, a PEG ratio of 2.34 and a beta of 1.83. XPO, Inc. has a 1-year low of $116.68 and a 1-year high of $232.05. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The business’s fifty day moving average price is $213.75 and its 200 day moving average price is $185.77.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the business earned $0.73 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts forecast that XPO, Inc. will post 4.85 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Allison Landry sold 2,400 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the sale, the director directly owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Wells Fargo & Company raised their price objective on shares of XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Zacks Research raised shares of XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Oppenheimer boosted their target price on shares of XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group increased their target price on shares of XPO to $275.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $218.10.

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.