Okabena Investment Services Inc. Purchases 2,953 Shares of XPO, Inc. $XPO

Okabena Investment Services Inc. lifted its holdings in shares of XPO, Inc. (NYSE:XPO) by 33.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 11,705 shares of the transportation company’s stock after buying an additional 2,953 shares during the period. Okabena Investment Services Inc.’s holdings in XPO were worth $1,513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of XPO. Invesco Ltd. raised its holdings in XPO by 306.9% during the second quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company’s stock worth $660,679,000 after acquiring an additional 3,945,683 shares in the last quarter. Durable Capital Partners LP increased its position in shares of XPO by 79.3% during the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after purchasing an additional 1,589,759 shares during the last quarter. Norges Bank bought a new stake in shares of XPO during the 2nd quarter worth approximately $168,840,000. Cooke & Bieler LP acquired a new stake in shares of XPO in the 2nd quarter valued at approximately $108,218,000. Finally, Orbis Allan Gray Ltd lifted its position in shares of XPO by 16.8% in 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 buying an additional 452,891 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of XPO in a report on Friday, February 6th. Citigroup upped their price objective on shares of XPO from $167.00 to $205.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Susquehanna cut shares of XPO from a “positive” rating to a “neutral” rating and raised their target price for the stock from $160.00 to $210.00 in a research note on Wednesday, February 11th. UBS Group set a $210.00 target price on shares of XPO and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Barclays set a $195.00 price target on shares of XPO and gave the company an “overweight” rating in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $178.32.

XPO Trading Up 2.4%

Shares of XPO stock opened at $210.12 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 50-day moving average of $165.74 and a 200-day moving average of $145.04. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $212.71. The stock has a market cap of $24.62 billion, a PE ratio of 79.29, a PEG ratio of 2.76 and a beta of 2.01.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.12. XPO had a net margin of 3.87% and a return on equity of 25.07%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the company earned $0.89 EPS. The business’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

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.