Swiss National Bank Has $30.02 Million Holdings in XPO, Inc. (NYSE:XPO)

Swiss National Bank grew its holdings in XPO, Inc. (NYSE:XPO) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 228,900 shares of the transportation company’s stock after purchasing an additional 1,700 shares during the quarter. Swiss National Bank owned approximately 0.20% of XPO worth $30,020,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc acquired a new position in XPO in the fourth quarter valued at approximately $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of XPO in the 4th quarter valued at $42,000. Cullen Frost Bankers Inc. boosted its position 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 worth $42,000 after purchasing an additional 130 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after purchasing an additional 76 shares during the period. Finally, Brooklyn Investment Group bought a new stake in XPO in the third quarter valued at about $57,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Buying and Selling

In other news, COO David J. Bates acquired 1,880 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $106.16 per share, with a total value of $199,580.80. Following the transaction, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

XPO has been the topic of a number of recent analyst reports. Vertical Research upgraded XPO from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Thursday, March 6th. Oppenheimer boosted their price objective on shares of XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. UBS Group upped their target price on shares of XPO from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Bank of America reduced their price target on shares of XPO from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, Truist Financial started coverage on shares of XPO in a research report on Thursday, March 13th. They issued a “buy” rating and a $130.00 price objective for the company. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat, XPO presently has a consensus rating of “Buy” and an average target price of $158.47.

XPO Price Performance

Shares of NYSE XPO opened at $111.23 on Tuesday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50-day moving average of $130.68 and a 200-day moving average of $129.78. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 1.79 and a beta of 2.13. XPO, Inc. has a fifty-two week low of $97.03 and a fifty-two week high of $161.00.

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, 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, sell-side 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.