Principal Financial Group Inc. Acquires 91,973 Shares of XPO, Inc. (NYSE:XPO)

Principal Financial Group Inc. lifted its stake in shares of XPO, Inc. (NYSE:XPO) by 23.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 480,669 shares of the transportation company’s stock after buying an additional 91,973 shares during the quarter. Principal Financial Group Inc. owned about 0.41% of XPO worth $51,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp boosted its holdings in shares of XPO by 159.1% during the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after buying an additional 43,237 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of XPO during the 3rd quarter valued at about $534,000. Traynor Capital Management Inc. boosted its holdings in XPO by 125.2% in the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after purchasing an additional 13,422 shares during the last quarter. PCJ Investment Counsel Ltd. grew its holdings in shares of XPO by 36.2% in the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock worth $4,344,000 after acquiring an additional 10,740 shares during the period. Finally, Whalen Wealth Management Inc. bought a new stake in shares of XPO during the 3rd quarter valued at about $706,000. Institutional investors own 97.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wells Fargo & Company upped their price objective on XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Evercore ISI decreased their price target on XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Oppenheimer upped their price objective on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Stifel Nicolaus lifted their target price on XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Benchmark restated a “buy” rating and issued a $140.00 price target on shares of XPO in a research note on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.31.

XPO Stock Down 7.1 %

Shares of NYSE:XPO opened at $135.25 on Monday. The company has a 50-day moving average price of $140.59 and a 200 day moving average price of $120.98. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO, Inc. has a 12 month low of $80.26 and a 12 month high of $161.00. The company has a market cap of $15.74 billion, a price-to-earnings ratio of 43.77, a PEG ratio of 2.37 and a beta of 2.08.

XPO (NYSE:XPO) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the business earned $0.88 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts predict that XPO, Inc. will post 3.62 earnings per share for the current year.

XPO Company Profile

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.