Cullen Frost Bankers Inc. Boosts Stock Position in XPO, Inc. (NYSE:XPO)

Cullen Frost Bankers Inc. lifted its position in XPO, Inc. (NYSE:XPO) by 69.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 318 shares of the transportation company’s stock after purchasing an additional 130 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in XPO were worth $42,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. D1 Capital Partners L.P. boosted its holdings in shares of XPO by 84.2% in the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after purchasing an additional 2,153,042 shares in the last quarter. State Street Corp boosted its holdings in shares of XPO by 1.1% in the 3rd quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock worth $373,903,000 after purchasing an additional 37,486 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of XPO by 0.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock worth $165,299,000 after purchasing an additional 10,318 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of XPO in the 4th quarter worth about $163,938,000. Finally, Life Planning Partners Inc boosted its holdings in shares of XPO by 12,923.2% in the 4th quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock worth $109,824,000 after purchasing an additional 830,963 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on XPO. JPMorgan Chase & Co. upped their price objective on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Oppenheimer increased their target price on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Stifel Nicolaus upgraded XPO from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft began coverage on XPO in a report on Friday. They set a “buy” rating and a $156.00 target price for the company. Finally, Wells Fargo & Company dropped their target price on XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Eighteen research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $160.89.

XPO Stock Down 2.7 %

Shares of NYSE:XPO opened at $108.07 on Monday. XPO, Inc. has a 52-week low of $97.03 and a 52-week high of $161.00. The firm has a market capitalization of $12.67 billion, a P/E ratio of 33.46, a P/E/G ratio of 1.79 and a beta of 2.13. The stock has a 50 day moving average price of $133.88 and a 200-day moving average price of $130.30. 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 (NYSE:XPO) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts anticipate that XPO, Inc. will post 4.15 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.