XPO, Inc. $XPO Stock Holdings Boosted by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC raised its position in shares of XPO, Inc. (NYSE:XPO) by 2.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 224,299 shares of the transportation company’s stock after acquiring an additional 5,123 shares during the quarter. XPO comprises 2.4% of Rice Hall James & Associates LLC’s holdings, making the stock its 4th biggest holding. Rice Hall James & Associates LLC’s holdings in XPO were worth $43,637,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Invesco Ltd. lifted its position in shares of XPO by 19.8% during the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after buying an additional 1,036,434 shares during the last quarter. Durable Capital Partners LP increased its holdings in XPO by 20.5% in the 3rd quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock worth $559,905,000 after acquiring an additional 736,224 shares during the last quarter. Orbis Allan Gray Ltd increased its holdings in XPO by 15.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock worth $496,423,000 after acquiring an additional 499,220 shares during the last quarter. Clearbridge Investments LLC raised its stake in XPO by 9.7% in the 4th quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock valued at $403,684,000 after acquiring an additional 261,935 shares during the period. Finally, Bessemer Group Inc. raised its stake in XPO by 115.9% in the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock valued at $470,986,000 after acquiring an additional 1,299,480 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Down 0.7%

Shares of NYSE XPO opened at $212.60 on Friday. XPO, Inc. has a 52 week low of $116.68 and a 52 week high of $232.05. The business has a 50-day simple moving average of $210.31 and a two-hundred day simple moving average of $197.33. 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 company has a market cap of $24.96 billion, a P/E ratio of 72.81, a P/E/G ratio of 2.44 and a beta of 1.85.

XPO (NYSE:XPO) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share 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 business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Research analysts anticipate that XPO, Inc. will post 4.91 earnings per share for the current fiscal year.

Insider Activity at XPO

In other news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the transaction, the director directly owned 4,849 shares in the company, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on XPO shares. Benchmark upped their price objective on shares of XPO from $220.00 to $240.00 and gave the company a “buy” rating in a report on Friday, May 1st. Citigroup assumed coverage on shares of XPO in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Barclays upped their price target on shares of XPO from $195.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $220.00 price objective on shares of XPO in a report on Thursday, April 30th. Finally, Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $219.76.

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.