Principal Financial Group Inc. Has $63.96 Million Stock Holdings in XPO, Inc. (NYSE:XPO)

Principal Financial Group Inc. raised its holdings in XPO, Inc. (NYSE:XPO) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 487,646 shares of the transportation company’s stock after buying an additional 6,977 shares during the period. Principal Financial Group Inc. owned about 0.42% of XPO worth $63,955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in XPO. Principal Securities Inc. lifted its position in XPO by 9.8% in the 4th quarter. Principal Securities Inc. now owns 2,701 shares of the transportation company’s stock valued at $354,000 after acquiring an additional 240 shares in the last quarter. Rhumbline Advisers raised its stake in shares of XPO by 0.3% in the fourth quarter. Rhumbline Advisers now owns 336,384 shares of the transportation company’s stock worth $44,117,000 after purchasing an additional 988 shares during the last quarter. Vontobel Holding Ltd. bought a new position in shares of XPO in the fourth quarter valued at approximately $259,000. Life Planning Partners Inc boosted its position in shares of XPO by 12,923.2% during the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock valued at $109,824,000 after buying an additional 830,963 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in XPO during the 4th quarter worth $163,938,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Trading Down 4.6 %

NYSE:XPO opened at $137.66 on Thursday. The company has a market cap of $16.14 billion, a P/E ratio of 42.62, a P/E/G ratio of 1.96 and a beta of 2.12. XPO, Inc. has a 1 year low of $97.03 and a 1 year high of $161.00. 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 stock’s fifty day moving average price is $140.10 and its two-hundred day moving average price is $129.80.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on XPO shares. UBS Group boosted their target price on XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Oppenheimer raised their target price on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Citigroup boosted their price target on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Stifel Nicolaus increased their price target on shares of XPO from $124.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Stephens reaffirmed an “overweight” rating and issued a $165.00 price objective on shares of XPO in a research report on Wednesday, December 4th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.13.

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.