Handelsbanken Fonder AB Acquires 3,800 Shares of XPO, Inc. $XPO

Handelsbanken Fonder AB boosted its position in XPO, Inc. (NYSE:XPO) by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,900 shares of the transportation company’s stock after acquiring an additional 3,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in XPO were worth $4,607,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Toth Financial Advisory Corp lifted its holdings in shares of XPO by 100.0% during the fourth quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after purchasing an additional 100 shares during the period. Elyxium Wealth LLC acquired a new position in shares of XPO during the fourth quarter worth $28,000. Root Financial Partners LLC acquired a new position in shares of XPO during the third quarter worth $32,000. Torren Management LLC acquired a new position in shares of XPO during the fourth quarter worth $37,000. Finally, Horizon Investments LLC acquired a new position in shares of XPO during the third quarter worth $39,000. 97.73% of the stock is owned by institutional investors.

XPO Price Performance

XPO stock opened at $202.86 on Friday. The firm has a market cap of $23.82 billion, a price-to-earnings ratio of 69.47, a PEG ratio of 2.38 and a beta of 1.87. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. XPO, Inc. has a 12-month low of $110.78 and a 12-month high of $231.46. The company’s fifty day simple moving average is $204.10 and its 200 day simple moving average is $174.76.

XPO (NYSE:XPO) last released its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. XPO’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 earnings per share. On average, analysts expect that XPO, Inc. will post 4.84 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on XPO shares. Wall Street Zen upgraded shares of XPO from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Evercore set a $222.00 price target on shares of XPO in a report on Friday, May 1st. Raymond James Financial reiterated an “outperform” rating and set a $233.00 price target on shares of XPO in a report on Friday, May 1st. Barclays boosted their target price on shares of XPO from $195.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Morgan Stanley set a $105.00 target price on shares of XPO and gave the company an “underweight” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.