Mesirow Institutional Investment Management Inc. Purchases 1,400 Shares of XPO, Inc. (NYSE:XPO)

Mesirow Institutional Investment Management Inc. boosted its holdings in XPO, Inc. (NYSE:XPO) by 0.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 156,318 shares of the transportation company’s stock after buying an additional 1,400 shares during the period. XPO accounts for approximately 1.5% of Mesirow Institutional Investment Management Inc.’s holdings, making the stock its 14th biggest position. Mesirow Institutional Investment Management Inc. owned about 0.13% of XPO worth $16,593,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of XPO. Norges Bank purchased a new stake in shares of XPO during the fourth quarter worth about $79,592,000. CenterBook Partners LP bought a new stake in shares of XPO during the fourth quarter valued at approximately $779,000. Dimensional Fund Advisors LP lifted its holdings in shares of XPO by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,468,051 shares of the transportation company’s stock worth $128,603,000 after buying an additional 67,797 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of XPO by 4.1% during the first quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock worth $5,364,000 after acquiring an additional 1,712 shares during the last quarter. Finally, Empirical Capital Management LLC bought a new position in shares of XPO during the fourth quarter worth $4,380,000. 97.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XPO has been the topic of several research analyst reports. Evercore ISI decreased their price target on shares of XPO from $144.00 to $124.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Stifel Nicolaus boosted their target price on XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Susquehanna cut their price target on XPO from $160.00 to $145.00 and set a “positive” rating for the company in a report on Wednesday, June 12th. Wells Fargo & Company assumed coverage on XPO in a report on Friday, June 7th. They set an “overweight” rating and a $125.00 price objective on the stock. Finally, Raymond James lowered their target price on XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, XPO has an average rating of “Moderate Buy” and an average price target of $128.18.

XPO Price Performance

Shares of XPO stock opened at $112.71 on Wednesday. The stock has a 50 day moving average price of $112.53 and a 200 day moving average price of $114.46. XPO, Inc. has a 52-week low of $65.80 and a 52-week high of $130.51. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $13.12 billion, a P/E ratio of 55.25, a P/E/G ratio of 1.78 and a beta of 2.11.

XPO (NYSE:XPO) last released its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.11. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $0.71 earnings per share. As a group, sell-side analysts predict that XPO, Inc. will post 3.61 earnings per share for the current 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.