XPO, Inc. $XPO Stock: Retirement Systems of Alabama Increases Holdings

Retirement Systems of Alabama boosted its holdings in shares of XPO, Inc. (NYSE:XPO) by 14.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 218,262 shares of the transportation company’s stock after purchasing an additional 27,834 shares during the period. Retirement Systems of Alabama owned about 0.19% of XPO worth $38,410,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its stake in shares of XPO by 25.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 613,941 shares of the transportation company’s stock valued at $110,344,000 after purchasing an additional 124,668 shares during the last quarter. Candriam S.C.A. raised its holdings in shares of XPO by 11.4% during the 3rd quarter. Candriam S.C.A. now owns 8,705 shares of the transportation company’s stock worth $1,538,000 after buying an additional 890 shares in the last quarter. Ethic Inc. raised its holdings in shares of XPO by 41.7% during the 3rd quarter. Ethic Inc. now owns 4,738 shares of the transportation company’s stock worth $834,000 after buying an additional 1,394 shares in the last quarter. StoneX Group Inc. bought a new stake in shares of XPO during the 3rd quarter worth $202,000. Finally, Pictet Asset Management Holding SA lifted its position in shares of XPO by 97.2% during the 3rd quarter. Pictet Asset Management Holding SA now owns 157,227 shares of the transportation company’s stock worth $27,669,000 after buying an additional 77,478 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.

XPO Price Performance

XPO stock opened at $188.34 on Wednesday. The company has a fifty day moving average price of $182.81 and a 200-day moving average price of $197.44. The company has a market capitalization of $21.94 billion, a P/E ratio of 44.42, a PEG ratio of 1.72 and a beta of 1.87. XPO, Inc. has a 52-week low of $124.82 and a 52-week high of $232.05. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.99 and a current ratio of 0.99.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, October 29th. The transportation company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.12. XPO had a net margin of 5.69% and a return on equity of 32.80%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the previous year, the business earned $1.07 earnings per share. XPO’s revenue was up 12.4% compared to the same quarter last year. As a group, equities analysts expect that XPO, Inc. will post 5.77 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on XPO. Truist Financial decreased their target price on XPO from $240.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Raymond James Financial reissued an “outperform” rating and set a $210.00 target price on shares of XPO in a research note on Friday, October 30th. UBS Group dropped their target price on shares of XPO from $257.00 to $232.00 and set a “buy” rating for the company in a report on Friday, October 30th. Weiss Ratings downgraded shares of XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Finally, Susquehanna decreased their price target on shares of XPO from $225.00 to $194.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $221.45.

Insider Buying and Selling at XPO

In other XPO news, COO David J. Bates sold 2,615 shares of XPO stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $179.41, for a total transaction of $469,157.15. Following the transaction, the chief operating officer directly owned 64,735 shares of the company’s stock, valued at approximately $11,614,106.35. The trade was a 3.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Wismans sold 750 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $191.62, for a total value of $143,715.00. Following the completion of the sale, the chief financial officer owned 47,216 shares in the company, valued at $9,047,529.92. This trade represents a 1.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 10,095 shares of company stock valued at $1,851,171. 0.87% of the stock is owned by corporate insiders.

XPO Profile

XPO Inc. is a transportation company focused on less-than-truckload (LTL) shipping in North America. Its network combines freight from multiple customers into shared truckloads, serving businesses that need to ship goods too large for parcel delivery but not large enough to fill an entire trailer. The company provides pickup and delivery, linehaul transportation between service centers, and related freight-handling services. Its operations primarily serve customers in the United States, with cross-border coverage in Canada and Mexico.