Dimensional Fund Advisors LP Buys 130,322 Shares of XPO, Inc. (NYSE:XPO)

Dimensional Fund Advisors LP grew its stake in XPO, Inc. (NYSE:XPO) by 9.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,500,368 shares of the transportation company’s stock after acquiring an additional 130,322 shares during the period. Dimensional Fund Advisors LP’s holdings in XPO were worth $159,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Emerald Mutual Fund Advisers Trust raised its position in shares of XPO by 9.8% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 126 shares during the period. Mystic Asset Management Inc. raised its position in shares of XPO by 1.7% in the first quarter. Mystic Asset Management Inc. now owns 8,750 shares of the transportation company’s stock valued at $1,068,000 after purchasing an additional 150 shares during the period. US Bancorp DE raised its position in shares of XPO by 0.9% in the first quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock valued at $2,140,000 after purchasing an additional 154 shares during the period. Thoroughbred Financial Services LLC grew its stake in shares of XPO by 2.1% in the second quarter. Thoroughbred Financial Services LLC now owns 8,615 shares of the transportation company’s stock valued at $914,000 after acquiring an additional 175 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of XPO by 4.9% in the first quarter. Private Advisor Group LLC now owns 3,811 shares of the transportation company’s stock valued at $465,000 after acquiring an additional 179 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on XPO shares. Wells Fargo & Company decreased their price target on shares of XPO from $125.00 to $119.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. JPMorgan Chase & Co. decreased their price target on shares of XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research note on Friday, September 6th. 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. Bank of America decreased their price target on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, Stifel Nicolaus upped their price target on shares of XPO from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $130.18.

XPO Stock Down 2.4 %

XPO stock opened at $112.58 on Friday. The stock has a market capitalization of $13.10 billion, a P/E ratio of 55.19, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO, Inc. has a 12 month low of $65.80 and a 12 month high of $130.51. The firm has a 50-day moving average price of $113.22 and a 200-day moving average price of $113.42.

XPO (NYSE:XPO) last posted its earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share. As a group, equities research analysts anticipate that XPO, Inc. will post 3.6 EPS for the current fiscal 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.