North Dakota State Investment Board Makes New $549,000 Investment in XPO, Inc. $XPO

North Dakota State Investment Board acquired a new position in XPO, Inc. (NYSE:XPO) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,036 shares of the transportation company’s stock, valued at approximately $549,000.

A number of other large investors have also recently made changes to their positions in XPO. Durable Capital Partners LP increased its holdings in XPO by 79.3% in the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after acquiring an additional 1,589,759 shares in the last quarter. Bessemer Group Inc. increased its holdings in XPO by 228,761.0% in the 4th quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock worth $152,411,000 after acquiring an additional 1,120,929 shares in the last quarter. Invesco Ltd. increased its holdings in XPO by 19.8% in the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after acquiring an additional 1,036,434 shares in the last quarter. Capital World Investors increased its holdings in XPO by 7.3% in the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after acquiring an additional 735,450 shares in the last quarter. Finally, Orbis Allan Gray Ltd increased its holdings in XPO by 16.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock worth $397,820,000 after acquiring an additional 452,891 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on XPO shares. Oppenheimer increased their target price on shares of XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Evercore set a $222.00 target price on shares of XPO in a report on Friday, May 1st. Benchmark increased their target price on shares of XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Susquehanna lowered shares of XPO from a “positive” rating to a “neutral” rating and increased their target price for the stock from $160.00 to $210.00 in a report on Wednesday, February 11th. Finally, BMO Capital Markets set a $230.00 target price on shares of XPO in a report on Thursday, February 19th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and an average price target of $211.24.

XPO Stock Down 3.3%

Shares of XPO opened at $203.80 on Friday. The business’s 50 day moving average is $203.91 and its 200 day moving average is $174.56. The company has a market capitalization of $23.93 billion, a PE ratio of 69.79, a price-to-earnings-growth ratio of 2.47 and a beta of 1.87. XPO, Inc. has a 12-month low of $110.78 and a 12-month high of $231.46. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.

XPO (NYSE:XPO) last issued 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 company had revenue of $2.10 billion for the quarter, compared to the consensus estimate 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 EPS. Research analysts expect that XPO, Inc. will post 4.84 earnings per share for the current fiscal year.

About XPO

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.