Vaughan Nelson Investment Management L.P. Increases Stock Holdings in XPO, Inc. (NYSE:XPO)

Vaughan Nelson Investment Management L.P. boosted its holdings in XPO, Inc. (NYSE:XPO) by 140.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 404,835 shares of the transportation company’s stock after acquiring an additional 236,745 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.35% of XPO worth $53,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB grew its position in shares of XPO by 13.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,138 shares of the transportation company’s stock valued at $149,000 after purchasing an additional 138 shares during the last quarter. Apollon Wealth Management LLC acquired a new position in shares of XPO in the fourth quarter worth $209,000. Platform Technology Partners acquired a new position in shares of XPO in the fourth quarter worth $284,000. Choreo LLC lifted its position in shares of XPO by 39.0% in the fourth quarter. Choreo LLC now owns 4,978 shares of the transportation company’s stock valued at $660,000 after acquiring an additional 1,396 shares in the last quarter. Finally, Sargent Investment Group LLC increased its position in XPO by 19.6% during the 4th quarter. Sargent Investment Group LLC now owns 15,042 shares of the transportation company’s stock worth $2,041,000 after purchasing an additional 2,470 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Performance

XPO stock opened at $148.32 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a one year low of $97.03 and a one year high of $161.00. The stock’s 50 day moving average price is $141.20 and its 200 day moving average price is $127.94. The firm has a market capitalization of $17.26 billion, a PE ratio of 45.92, a price-to-earnings-growth ratio of 1.93 and a beta of 2.12.

XPO (NYSE:XPO) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating the consensus estimate 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, sell-side analysts expect that XPO, Inc. will post 4.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group raised their price target on shares of XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group lifted their target price on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. increased their price target on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Barclays lowered their price objective on XPO from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Wells Fargo & Company reduced their target price on XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $156.35.

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.