North Dakota State Investment Board Makes New Investment in XPO, Inc. $XPO

North Dakota State Investment Board acquired a new position in XPO, Inc. (NYSE:XPO) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 4,036 shares of the transportation company’s stock, valued at approximately $549,000.

A number of other large investors have also added to or reduced their stakes in XPO. Durable Capital Partners LP increased its stake in XPO by 79.3% in the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after acquiring an additional 1,589,759 shares during the last quarter. Bessemer Group Inc. increased its stake in XPO by 228,761.0% in the 4th quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock worth $152,411,000 after acquiring an additional 1,120,929 shares during the last quarter. Invesco Ltd. increased its stake in XPO by 19.8% in the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after acquiring an additional 1,036,434 shares during the last quarter. Capital World Investors increased its stake in XPO by 7.3% in the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after acquiring an additional 735,450 shares during the last quarter. Finally, Orbis Allan Gray Ltd increased its stake in XPO by 16.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock worth $397,820,000 after acquiring an additional 452,891 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

XPO Price Performance

XPO opened at $203.80 on Friday. The business has a fifty day moving average of $203.91 and a 200 day moving average of $174.56. XPO, Inc. has a 52-week low of $110.78 and a 52-week high of $231.46. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock has a market cap of $23.93 billion, a P/E ratio of 69.79, a PEG ratio of 2.47 and a beta of 1.87.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the business earned $0.73 EPS. XPO’s revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that XPO, Inc. will post 4.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wall Street Zen raised XPO from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Morgan Stanley set a $105.00 price objective on XPO and gave the stock an “underweight” rating in a research note on Friday, May 1st. Benchmark lifted their price objective on XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Weiss Ratings raised XPO from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Stifel Nicolaus set a $237.00 price objective on XPO in a research note on Friday, May 1st. 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $211.24.

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.