Massachusetts Financial Services Co. MA Boosts Position in XPO, Inc. (NYSE:XPO)

Massachusetts Financial Services Co. MA raised its holdings in shares of XPO, Inc. (NYSE:XPO) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,537,526 shares of the transportation company’s stock after acquiring an additional 10,318 shares during the period. Massachusetts Financial Services Co. MA’s holdings in XPO were worth $165,299,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. ORG Wealth Partners LLC purchased a new position in XPO during the third quarter valued at approximately $25,000. Blue Trust Inc. boosted its position in XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after purchasing an additional 258 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of XPO during the 2nd quarter worth approximately $28,000. International Assets Investment Management LLC purchased a new position in shares of XPO during the 2nd quarter valued at approximately $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of XPO in the 2nd quarter valued at $37,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Price Performance

XPO stock opened at $148.97 on Friday. The company has a fifty day simple moving average of $123.80 and a 200-day simple moving average of $114.80. The firm has a market capitalization of $17.34 billion, a price-to-earnings ratio of 48.21, a PEG ratio of 2.25 and a beta of 2.07. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO, Inc. has a 52-week low of $78.72 and a 52-week high of $156.85.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the prior year, the company earned $0.88 EPS. XPO’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that XPO, Inc. will post 3.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Oppenheimer restated an “outperform” rating and set a $140.00 price target on shares of XPO in a research report on Friday, October 4th. Evercore ISI cut their price target on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. The Goldman Sachs Group reduced their price target on XPO from $139.00 to $136.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Susquehanna raised their price objective on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Finally, Barclays upped their target price on XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $141.13.

About XPO

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.