Intech Investment Management LLC Acquires 8,878 Shares of XPO, Inc. $XPO

Intech Investment Management LLC lifted its stake in XPO, Inc. (NYSE:XPO) by 18.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 57,855 shares of the transportation company’s stock after acquiring an additional 8,878 shares during the period. Intech Investment Management LLC’s holdings in XPO were worth $7,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its holdings in XPO by 23.0% during the third quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 82 shares during the period. Archer Investment Corp raised its stake in shares of XPO by 9.6% in the third quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock worth $120,000 after buying an additional 82 shares during the period. Bayforest Capital Ltd lifted its position in shares of XPO by 72.8% during the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after buying an additional 83 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of XPO by 21.6% during the 3rd quarter. Bessemer Group Inc. now owns 490 shares of the transportation company’s stock valued at $63,000 after acquiring an additional 87 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of XPO by 35.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 88 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on XPO shares. Stephens restated an “overweight” rating and set a $170.00 target price on shares of XPO in a research note on Tuesday, January 6th. TD Cowen reissued a “buy” rating on shares of XPO in a research note on Friday, February 6th. Rothschild & Co Redburn set a $156.00 price objective on shares of XPO in a research report on Wednesday, November 26th. Stifel Nicolaus upped their target price on shares of XPO from $166.00 to $206.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Truist Financial increased their price target on XPO from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $178.32.

XPO Price Performance

Shares of NYSE:XPO opened at $210.12 on Friday. The firm has a market cap of $24.62 billion, a price-to-earnings ratio of 79.29, a P/E/G ratio of 2.69 and a beta of 2.01. The firm has a fifty day moving average price of $165.74 and a 200 day moving average price of $144.91. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $212.71. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.05 and a current ratio of 1.05.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.95 billion. XPO had a net margin of 3.87% and a return on equity of 25.07%. XPO’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 EPS. As a group, sell-side analysts expect that XPO, Inc. will post 4.15 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.