Catalyst Funds Management Pty Ltd Boosts Holdings in XPO, Inc. (NYSE:XPO)

Catalyst Funds Management Pty Ltd boosted its position in XPO, Inc. (NYSE:XPO) by 975.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,350 shares of the transportation company’s stock after buying an additional 17,550 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in XPO were worth $2,538,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new stake in shares of XPO during the 4th quarter worth $29,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of XPO during the 4th quarter worth $42,000. Cullen Frost Bankers Inc. boosted its position in shares of XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after purchasing an additional 130 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after purchasing an additional 76 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of XPO during the 3rd quarter worth $57,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Trading Up 1.0 %

NYSE XPO opened at $107.19 on Friday. XPO, Inc. has a 12 month low of $97.03 and a 12 month high of $161.00. The company has a 50-day moving average of $131.28 and a 200-day moving average of $129.64. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $12.57 billion, a P/E ratio of 33.18, a P/E/G ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. As a group, equities analysts predict that XPO, Inc. will post 4.15 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on XPO shares. Stifel Nicolaus upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 target price on the stock in a research report on Monday, February 24th. Vertical Research upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Thursday, March 6th. UBS Group lifted their price target on XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Oppenheimer lifted their price target on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, Truist Financial started coverage on XPO in a research note on Thursday. They set a “buy” rating and a $130.00 price target for the company. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, XPO currently has an average rating of “Buy” and an average price target of $158.47.

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.