XPO, Inc. $XPO Stake Lifted by Strs Ohio

Strs Ohio increased its stake in shares of XPO, Inc. (NYSE:XPO) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,746 shares of the transportation company’s stock after buying an additional 2,905 shares during the quarter. Strs Ohio’s holdings in XPO were worth $5,810,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vise Technologies Inc. boosted its position in XPO by 3.4% during the 3rd quarter. Vise Technologies Inc. now owns 2,301 shares of the transportation company’s stock worth $297,000 after acquiring an additional 76 shares during the period. Signaturefd LLC boosted its position in XPO by 9.9% during the 4th quarter. Signaturefd LLC now owns 880 shares of the transportation company’s stock worth $120,000 after acquiring an additional 79 shares during the period. Parkside Financial Bank & Trust boosted its position in XPO by 23.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock worth $57,000 after acquiring an additional 82 shares during the period. Archer Investment Corp boosted its position in XPO by 9.6% during the 3rd quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock worth $120,000 after acquiring an additional 82 shares during the period. Finally, Bayforest Capital Ltd boosted its position in 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 period. 97.73% of the stock is currently owned by institutional investors.

XPO Trading Down 7.0%

Shares of XPO stock opened at $200.15 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a market cap of $23.50 billion, a price-to-earnings ratio of 68.54, a price-to-earnings-growth ratio of 2.75 and a beta of 1.87. The business has a fifty day simple moving average of $204.05 and a 200-day simple moving average of $167.83. XPO, Inc. has a fifty-two week low of $106.65 and a fifty-two week high of $231.46.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 earnings per share. On average, equities analysts forecast that XPO, Inc. will post 4.61 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on XPO shares. Evercore set a $222.00 price target on XPO in a research report on Friday. Benchmark boosted their price target on XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company boosted their price target on XPO from $225.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of XPO in a research report on Wednesday, January 21st. Finally, Oppenheimer boosted their price target on XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.24.

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.