Gateway Investment Advisers LLC Buys 2,454 Shares of XPO, Inc. $XPO

Gateway Investment Advisers LLC lifted its stake in XPO, Inc. (NYSE:XPO) by 13.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 20,885 shares of the transportation company’s stock after purchasing an additional 2,454 shares during the period. Gateway Investment Advisers LLC’s holdings in XPO were worth $2,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Vise Technologies Inc. boosted its holdings in shares of XPO by 3.4% in the third 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 holdings in shares of XPO by 9.9% in the fourth 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 holdings in shares of XPO by 23.0% in the third 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 holdings in shares of XPO by 9.6% in the third 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 holdings in shares of XPO by 72.8% in the third 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 owned by institutional investors.

XPO Price Performance

NYSE:XPO opened at $204.28 on Friday. The firm has a market capitalization of $23.98 billion, a price-to-earnings ratio of 69.96, a P/E/G ratio of 2.42 and a beta of 1.87. XPO, Inc. has a 52-week low of $110.15 and a 52-week high of $231.46. The stock has a fifty day moving average of $204.25 and a 200 day moving average of $169.49. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.05 and a current ratio of 0.99.

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 the consensus estimate of $0.89 by $0.12. The company 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 firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $0.73 earnings per share. On average, research analysts expect that XPO, Inc. will post 4.84 EPS for the current fiscal year.

Analysts Set New Price Targets

XPO has been the subject of a number of analyst reports. UBS Group set a $210.00 price target on XPO and gave the stock a “buy” rating in a report on Friday, February 6th. JPMorgan Chase & Co. lifted their price objective on XPO from $189.00 to $201.00 and gave the company an “overweight” rating in a research note on Tuesday, March 10th. Stifel Nicolaus set a $237.00 price objective on XPO in a research note on Friday, May 1st. Susquehanna lowered XPO from a “positive” rating to a “neutral” rating and lifted their price objective for the company from $160.00 to $210.00 in a research note on Wednesday, February 11th. Finally, Zacks Research raised XPO from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, 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.