Zurcher Kantonalbank Zurich Cantonalbank Has $2.75 Million Holdings in XPO, Inc. (NYSE:XPO)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of XPO, Inc. (NYSE:XPO) by 1.5% in the third quarter, Holdings Channel reports. The firm owned 25,534 shares of the transportation company’s stock after buying an additional 381 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in XPO were worth $2,745,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in XPO. D1 Capital Partners L.P. acquired a new stake in shares of XPO during the second quarter worth $271,532,000. The Manufacturers Life Insurance Company grew its stake in shares of XPO by 239.5% during the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock worth $59,486,000 after purchasing an additional 390,320 shares during the period. Clearbridge Investments LLC grew its stake in shares of XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after purchasing an additional 253,519 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of XPO during the third quarter worth $18,071,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of XPO during the second quarter worth $16,540,000. 97.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on XPO shares. JPMorgan Chase & Co. decreased their price objective on XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Friday, September 6th. The Goldman Sachs Group decreased their target price on XPO from $139.00 to $136.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Benchmark reissued a “buy” rating and issued a $140.00 target price on shares of XPO in a research note on Thursday, September 19th. Barclays boosted their target price on XPO from $150.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, TD Cowen boosted their target price on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.13.

XPO Stock Performance

Shares of XPO stock opened at $153.36 on Wednesday. The firm has a market cap of $17.85 billion, a price-to-earnings ratio of 49.63, a price-to-earnings-growth ratio of 2.32 and a beta of 2.08. The stock’s 50-day moving average is $129.32 and its 200-day moving average is $116.81. XPO, Inc. has a one year low of $78.72 and a one year high of $156.85. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06.

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

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.