XPO, Inc. (NYSE:XPO) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its stake in XPO, Inc. (NYSE:XPO) by 6.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,200 shares of the transportation company’s stock after acquiring an additional 1,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in XPO were worth $4,223,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. D1 Capital Partners L.P. grew 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 acquiring an additional 2,153,042 shares during the last quarter. State Street Corp grew 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 acquiring an additional 37,486 shares during the last quarter. Massachusetts Financial Services Co. MA grew 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 acquiring an additional 10,318 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of XPO in the 4th quarter worth $163,938,000. Finally, Life Planning Partners Inc grew 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 acquiring an additional 830,963 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. TD Cowen lifted their target price on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Benchmark lifted their target price on XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Citigroup raised their target price on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Stifel Nicolaus raised their target price on XPO from $124.00 to $147.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, Oppenheimer raised their target price on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $161.13.

XPO Price Performance

Shares of NYSE XPO opened at $124.70 on Monday. The firm has a market cap of $14.62 billion, a PE ratio of 38.61, a PEG ratio of 1.79 and a beta of 2.12. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO, Inc. has a 1-year low of $97.03 and a 1-year high of $161.00. The company has a fifty day moving average price of $138.54 and a 200 day moving average price of $130.13.

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