Primecap Management Co. CA Grows Stock Position in XPO, Inc. $XPO

Primecap Management Co. CA raised its position in XPO, Inc. (NYSE:XPO) by 6.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 587,534 shares of the transportation company’s stock after buying an additional 35,050 shares during the quarter. Primecap Management Co. CA owned about 0.50% of XPO worth $75,951,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in XPO. Forge First Asset Management Inc. bought a new position in XPO during the second quarter worth about $6,079,000. Allspring Global Investments Holdings LLC raised its position in shares of XPO by 86.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 86,726 shares of the transportation company’s stock valued at $11,008,000 after purchasing an additional 40,235 shares during the period. Gateway Investment Advisers LLC lifted its stake in shares of XPO by 67.2% during the 3rd quarter. Gateway Investment Advisers LLC now owns 18,431 shares of the transportation company’s stock valued at $2,383,000 after buying an additional 7,406 shares in the last quarter. Cooke & Bieler LP lifted its stake in shares of XPO by 9.0% during the 3rd quarter. Cooke & Bieler LP now owns 933,745 shares of the transportation company’s stock valued at $120,705,000 after buying an additional 76,847 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in XPO in the 2nd quarter worth approximately $47,437,000. Institutional investors own 97.73% of the company’s stock.

XPO Price Performance

NYSE:XPO opened at $205.07 on Friday. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $212.71. The stock has a fifty day moving average of $164.31 and a 200 day moving average of $144.28. 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 market capitalization of $24.02 billion, a price-to-earnings ratio of 77.38, a P/E/G ratio of 2.60 and a beta of 2.01.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.12. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.95 billion. XPO had a return on equity of 25.07% and a net margin of 3.87%.The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 EPS. On average, research analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on XPO. Wall Street Zen raised shares of XPO from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Barclays set a $195.00 price target on XPO and gave the company an “overweight” rating in a research report on Friday, February 6th. UBS Group set a $210.00 price objective on XPO and gave the company a “buy” rating in a research note on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of XPO in a research note on Wednesday, January 21st. Finally, Stifel Nicolaus lifted their target price on XPO from $166.00 to $206.00 and gave the company a “buy” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $178.32.

About XPO

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.