CANADA LIFE ASSURANCE Co Acquires 13,981 Shares of XPO, Inc. (NYSE:XPO)

CANADA LIFE ASSURANCE Co raised its position in XPO, Inc. (NYSE:XPO) by 21.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,089 shares of the transportation company’s stock after buying an additional 13,981 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.07% of XPO worth $9,652,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. bought a new position in XPO in the 1st quarter valued at about $27,000. Benjamin F. Edwards & Company Inc. increased its holdings in XPO by 170.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock valued at $30,000 after buying an additional 211 shares during the period. Riverview Trust Co bought a new position in XPO in the 1st quarter valued at about $31,000. ORG Partners LLC bought a new position in XPO in the 1st quarter valued at about $36,000. Finally, Rise Advisors LLC bought a new position in XPO in the 1st quarter valued at about $37,000. 97.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Susquehanna decreased their target price on shares of XPO from $160.00 to $145.00 and set a “positive” rating on the stock in a report on Wednesday, June 12th. Wells Fargo & Company assumed coverage on shares of XPO in a report on Friday, June 7th. They issued an “overweight” rating and a $125.00 target price on the stock. Benchmark reaffirmed a “buy” rating and set a $140.00 price target on shares of XPO in a report on Friday, June 7th. Stifel Nicolaus raised shares of XPO from a “hold” rating to a “buy” rating and lifted their price target for the company from $115.00 to $120.00 in a report on Friday, May 24th. Finally, Raymond James decreased their price target on shares of XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, June 24th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $120.45.

Insider Activity

In related news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the transaction, the insider now directly owns 11,425,369 shares of the company’s stock, valued at $1,290,838,189.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Allison Landry sold 1,875 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total transaction of $195,975.00. Following the transaction, the director now directly owns 6,965 shares of the company’s stock, valued at $727,981.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the transaction, the insider now directly owns 11,425,369 shares in the company, valued at $1,290,838,189.62. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

XPO Trading Up 4.4 %

NYSE:XPO opened at $114.89 on Friday. The firm’s fifty day moving average is $107.23 and its 200-day moving average is $110.23. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.94 and a current ratio of 0.94. XPO, Inc. has a 52 week low of $64.70 and a 52 week high of $130.51. The firm has a market cap of $13.37 billion, a P/E ratio of 56.32, a P/E/G ratio of 1.74 and a beta of 2.10.

XPO (NYSE:XPO) last posted its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. XPO had a net margin of 3.08% and a return on equity of 30.77%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the firm posted $0.56 EPS. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Equities analysts expect that XPO, Inc. will post 3.54 earnings per share for the current year.

XPO 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.