Perpetual Ltd Boosts Stake in XPO, Inc. (NYSE:XPO)

Perpetual Ltd raised its position in XPO, Inc. (NYSE:XPO) by 88.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,477 shares of the transportation company’s stock after purchasing an additional 2,571 shares during the quarter. Perpetual Ltd’s holdings in XPO were worth $718,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of XPO. Stifel Financial Corp raised its holdings in XPO by 159.1% in the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after buying an additional 43,237 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of XPO in the third quarter worth $534,000. Traynor Capital Management Inc. raised its stake in shares of XPO by 125.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock valued at $2,596,000 after acquiring an additional 13,422 shares during the period. PCJ Investment Counsel Ltd. lifted its holdings in shares of XPO by 36.2% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after acquiring an additional 10,740 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in XPO by 36.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock worth $75,131,000 after purchasing an additional 185,686 shares during the period. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Price Performance

Shares of XPO opened at $136.64 on Thursday. XPO, Inc. has a 52 week low of $82.78 and a 52 week high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. The firm has a market cap of $15.90 billion, a price-to-earnings ratio of 44.22, a PEG ratio of 1.80 and a beta of 2.11. The stock has a 50 day moving average of $144.08 and a 200-day moving average of $125.60.

XPO (NYSE:XPO) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share 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 firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, analysts forecast that XPO, Inc. will post 3.58 EPS for the current year.

Analysts Set New Price Targets

XPO has been the topic of a number of recent research reports. Stephens restated an “overweight” rating and set a $165.00 price objective on shares of XPO in a research note on Wednesday, December 4th. Jefferies Financial Group upped their price target on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Citigroup lifted their price objective on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Oppenheimer upped their target price on shares of XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. lifted their price target 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.71.

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.