XPO, Inc. (NYSE:XPO) Stock Holdings Lifted by Rhumbline Advisers

Rhumbline Advisers lifted its position in XPO, Inc. (NYSE:XPO) by 6.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 337,533 shares of the transportation company’s stock after acquiring an additional 20,831 shares during the quarter. Rhumbline Advisers owned approximately 0.29% of XPO worth $35,829,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of XPO by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 10,923,106 shares of the transportation company’s stock worth $956,755,000 after purchasing an additional 128,214 shares in the last quarter. Capital Research Global Investors increased its stake in XPO by 9.8% in the 1st quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company’s stock valued at $1,245,131,000 after buying an additional 912,544 shares during the period. Capital World Investors lifted its position in XPO by 3.3% in the 1st quarter. Capital World Investors now owns 4,492,089 shares of the transportation company’s stock worth $548,170,000 after buying an additional 142,908 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of XPO by 33.4% during the 1st quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock valued at $272,699,000 after buying an additional 560,079 shares during the period. Finally, Balyasny Asset Management L.P. grew its holdings in shares of XPO by 44.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,515,529 shares of the transportation company’s stock valued at $132,745,000 after acquiring an additional 463,267 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Price Performance

Shares of NYSE:XPO opened at $101.70 on Friday. The company has a market cap of $11.83 billion, a price-to-earnings ratio of 49.85, a PEG ratio of 1.78 and a beta of 2.11. The business has a 50 day moving average price of $112.60 and a 200 day moving average price of $114.24. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO, Inc. has a twelve month low of $65.80 and a twelve month high of $130.51.

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

Analyst Upgrades and Downgrades

XPO has been the subject of several recent research reports. TD Cowen cut their price objective on XPO from $143.00 to $142.00 and set a “buy” rating for the company in a report on Thursday. Evercore ISI reduced their price target on XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Stephens reissued an “overweight” rating and issued a $150.00 price target on shares of XPO in a research note on Thursday. Wells Fargo & Company cut their price objective on shares of XPO from $125.00 to $119.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Susquehanna decreased their target price on shares of XPO from $160.00 to $145.00 and set a “positive” rating for the company in a research report on Wednesday, June 12th. Two research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.29.

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.