Fifth Third Bancorp Buys 32,793 Shares of XPO, Inc. $XPO

Fifth Third Bancorp raised its stake in XPO, Inc. (NYSE:XPO) by 3,005.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,884 shares of the transportation company’s stock after purchasing an additional 32,793 shares during the period. Fifth Third Bancorp’s holdings in XPO were worth $6,592,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Toth Financial Advisory Corp lifted its stake in shares of XPO by 100.0% during the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Elyxium Wealth LLC acquired a new position in XPO in the 4th quarter valued at about $28,000. Torren Management LLC acquired a new position in XPO in the 4th quarter valued at about $37,000. Horizon Investments LLC bought a new position in XPO in the 3rd quarter valued at about $39,000. Finally, International Assets Investment Management LLC bought a new position in XPO in the 4th quarter valued at about $41,000. 97.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

XPO has been the subject of a number of research analyst reports. UBS Group boosted their price objective on XPO from $236.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Stephens upgraded XPO to a “strong-buy” rating in a research note on Wednesday, July 8th. Citizens Jmp started coverage on XPO in a report on Wednesday. They set a “market perform” rating for the company. Truist Financial set a $240.00 price target on XPO in a research note on Friday, May 1st. Finally, Citigroup started coverage on XPO in a report on Wednesday. They issued a “market perform” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $219.57.

Insider Buying and Selling

In other XPO news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction on Thursday, May 28th. The stock was 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 of the company’s stock, valued at $1,045,492.89. The trade was a 33.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is currently owned by company insiders.

XPO Stock Performance

Shares of NYSE:XPO opened at $219.46 on Friday. XPO, Inc. has a 12-month low of $116.68 and a 12-month high of $232.05. The company’s 50 day moving average price is $208.88 and its two-hundred day moving average price is $194.54. The firm has a market cap of $25.77 billion, a PE ratio of 75.16, a PEG ratio of 2.36 and a beta of 1.85. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71.

XPO (NYSE:XPO) last released its quarterly 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. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 earnings per share. Equities research analysts predict that XPO, Inc. will post 4.9 earnings per share for the current year.

XPO Company 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.