XPO, Inc. (NYSE:XPO) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp raised its position in XPO, Inc. (NYSE:XPO) by 159.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 70,407 shares of the transportation company’s stock after purchasing an additional 43,237 shares during the period. Stifel Financial Corp’s holdings in XPO were worth $7,569,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. D1 Capital Partners L.P. increased its holdings in XPO by 84.2% during the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after acquiring an additional 2,153,042 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of XPO by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after purchasing an additional 253,519 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of XPO by 0.7% during 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 during the last quarter. Dimensional Fund Advisors LP raised its position in shares of XPO by 9.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock worth $159,243,000 after purchasing an additional 130,322 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in XPO by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 899,658 shares of the transportation company’s stock valued at $95,499,000 after buying an additional 7,837 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus boosted their price target on XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Oppenheimer boosted their target price on shares of XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research note on Thursday. Stephens reaffirmed an “overweight” rating and set a $165.00 price target on shares of XPO in a research note on Wednesday, December 4th. Benchmark reissued a “buy” rating and issued a $140.00 price objective on shares of XPO in a research report on Thursday, September 19th. Finally, TD Cowen raised their target price on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $147.31.

XPO Price Performance

Shares of XPO stock opened at $158.18 on Friday. The business’s fifty day moving average price is $134.63 and its 200 day moving average price is $118.69. XPO, Inc. has a twelve month low of $80.26 and a twelve month high of $159.43. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. The stock has a market capitalization of $18.41 billion, a P/E ratio of 51.19, a PEG ratio of 2.30 and a beta of 2.08.

XPO (NYSE:XPO) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 EPS. As a group, research analysts anticipate that XPO, Inc. will post 3.62 earnings per share for the current year.

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.