XPO, Inc. (NYSE:XPO) Holdings Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in XPO, Inc. (NYSE:XPO) by 14.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,329 shares of the transportation company’s stock after acquiring an additional 3,795 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in XPO were worth $3,846,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc bought a new stake in shares of XPO in the 4th quarter valued at approximately $29,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of XPO in the 4th quarter valued at approximately $42,000. Cullen Frost Bankers Inc. increased its holdings in shares of XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 130 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 76 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in XPO during the 3rd quarter worth $57,000. 97.73% of the stock is currently owned by institutional investors.

XPO Stock Up 1.0 %

NYSE:XPO opened at $107.19 on Friday. The firm has a market capitalization of $12.57 billion, a price-to-earnings ratio of 33.18, a PEG ratio of 1.79 and a beta of 2.13. XPO, Inc. has a 1-year low of $97.03 and a 1-year high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The business’s fifty day moving average price is $131.28 and its 200 day moving average price is $129.72.

XPO (NYSE:XPO) last posted its quarterly 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 return on equity of 30.36% and a net margin of 4.81%. On average, sell-side analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

XPO has been the subject of a number of recent research reports. UBS Group upped their price objective on XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. The Goldman Sachs Group upped their price objective on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft initiated coverage on XPO in a research note on Friday, March 7th. They set a “buy” rating and a $156.00 price objective for the company. Benchmark upped their price objective on XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Truist Financial initiated coverage on XPO in a research note on Thursday. They set a “buy” rating and a $130.00 price objective for the company. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $158.47.

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.