City Holding Co. Buys 590 Shares of XPO, Inc. (NYSE:XPO)

City Holding Co. raised its stake in shares of XPO, Inc. (NYSE:XPO) by 10.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,185 shares of the transportation company’s stock after purchasing an additional 590 shares during the period. City Holding Co.’s holdings in XPO were worth $811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. D1 Capital Partners L.P. bought a new position in XPO during the second quarter valued at approximately $271,532,000. The Manufacturers Life Insurance Company grew its holdings in shares of XPO by 239.5% in the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock valued at $59,486,000 after purchasing an additional 390,320 shares in the last quarter. Holocene Advisors LP increased its position in XPO by 61.2% in the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock worth $73,529,000 after purchasing an additional 259,727 shares during the last quarter. Clearbridge Investments LLC lifted its position in XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after purchasing an additional 253,519 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of XPO by 36.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock worth $75,131,000 after buying an additional 185,686 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

XPO has been the subject of a number of analyst reports. Oppenheimer increased their price target on shares of XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Jefferies Financial Group lifted their target price on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Wells Fargo & Company decreased their price target on XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price objective on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group increased their target price on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $149.71.

XPO Stock Down 0.5 %

NYSE:XPO opened at $137.82 on Tuesday. 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, Inc. has a 1-year low of $81.19 and a 1-year high of $161.00. The company has a 50-day moving average of $144.69 and a 200 day moving average of $125.16. The firm has a market cap of $16.04 billion, a PE ratio of 44.60, a price-to-earnings-growth ratio of 1.70 and a beta of 2.11.

XPO (NYSE:XPO) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 EPS. As a group, research analysts anticipate that XPO, Inc. will post 3.6 EPS 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.