XPO, Inc. (NYSE:XPO) Stock Position Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of XPO, Inc. (NYSE:XPO) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 899,658 shares of the transportation company’s stock after purchasing an additional 7,837 shares during the quarter. Bank of New York Mellon Corp’s holdings in XPO were worth $95,499,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Mystic Asset Management Inc. boosted its stake in XPO by 1.7% during the 1st 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 in the last quarter. US Bancorp DE lifted its holdings 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 buying an additional 154 shares during the period. CWM LLC boosted its stake in XPO by 25.2% during the fourth quarter. CWM LLC now owns 796 shares of the transportation company’s stock valued at $70,000 after buying an additional 160 shares in the last quarter. Private Advisor Group LLC grew its holdings in XPO by 4.9% during the first quarter. Private Advisor Group LLC now owns 3,811 shares of the transportation company’s stock worth $465,000 after acquiring an additional 179 shares during the period. Finally, Epoch Investment Partners Inc. raised its position in XPO by 2.6% in the fourth quarter. Epoch Investment Partners Inc. now owns 7,133 shares of the transportation company’s stock worth $625,000 after acquiring an additional 183 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Price Performance

NYSE XPO opened at $117.78 on Thursday. The company has a 50 day simple moving average of $111.79 and a 200-day simple moving average of $114.62. XPO, Inc. has a 52-week low of $65.80 and a 52-week high of $130.51. The firm has a market capitalization of $13.70 billion, a price-to-earnings ratio of 57.74, a price-to-earnings-growth ratio of 1.88 and a beta of 2.10. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00.

XPO (NYSE:XPO) last issued its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. XPO had a net margin of 4.48% and a return on equity of 32.49%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter last year, the business posted $0.71 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities research analysts predict that XPO, Inc. will post 3.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Evercore ISI reduced their price objective on shares of XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Stephens restated an “overweight” rating and set a $150.00 target price on shares of XPO in a report on Friday, June 7th. Benchmark reaffirmed a “buy” rating and issued a $140.00 price target on shares of XPO in a report on Friday, August 2nd. Raymond James cut their price objective on XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, June 24th. Finally, TD Cowen lifted their target price on XPO from $136.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.18.

XPO Company 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.