Strs Ohio Acquires 3,840 Shares of XPO, Inc. $XPO

Strs Ohio raised its holdings in shares of XPO, Inc. (NYSE:XPO) by 10.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,940 shares of the transportation company’s stock after acquiring an additional 3,840 shares during the quarter. Strs Ohio’s holdings in XPO were worth $4,918,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. T. Rowe Price Investment Management Inc. raised its holdings in XPO by 17.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company’s stock valued at $223,052,000 after acquiring an additional 306,928 shares during the period. Durable Capital Partners LP raised its holdings in XPO by 246.4% during the first quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company’s stock valued at $215,730,000 after acquiring an additional 1,426,394 shares during the period. Findlay Park Partners LLP raised its holdings in XPO by 11.6% during the first quarter. Findlay Park Partners LLP now owns 1,572,500 shares of the transportation company’s stock valued at $169,170,000 after acquiring an additional 163,300 shares during the period. Raymond James Financial Inc. raised its holdings in XPO by 9.4% during the first quarter. Raymond James Financial Inc. now owns 760,086 shares of the transportation company’s stock valued at $81,770,000 after acquiring an additional 65,023 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in XPO by 854.2% during the first quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company’s stock valued at $59,335,000 after acquiring an additional 493,736 shares during the period. 97.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on XPO shares. Evercore ISI raised their price target on XPO from $141.00 to $151.00 and gave the company an “outperform” rating in a report on Friday. Stifel Nicolaus set a $149.00 price objective on XPO in a research report on Friday. Barclays raised their price objective on XPO from $135.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Cowen restated a “buy” rating on shares of XPO in a research report on Friday. Finally, Truist Financial set a $145.00 price objective on XPO in a research report on Tuesday, October 14th. Twenty investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, XPO has an average rating of “Moderate Buy” and a consensus price target of $147.40.

Insider Buying and Selling

In related news, Director Allison Landry sold 3,250 shares of XPO stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the transaction, the director owned 5,875 shares in the company, valued at approximately $793,360. This trade represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

XPO Trading Up 6.1%

XPO opened at $144.24 on Monday. The firm has a market cap of $16.99 billion, a P/E ratio of 49.91, a P/E/G ratio of 2.51 and a beta of 1.95. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. The stock has a 50-day moving average of $130.79 and a 200 day moving average of $124.59.

XPO (NYSE:XPO) last released its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. The company had revenue of ($2,243.00) million during the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%. As a group, research analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

About XPO

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.