First Citizens Bank & Trust Co. Boosts Stock Position in XPO, Inc. (NYSE:XPO)

First Citizens Bank & Trust Co. lifted its holdings in shares of XPO, Inc. (NYSE:XPO) by 107.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 4,993 shares of the transportation company’s stock after acquiring an additional 2,585 shares during the period. First Citizens Bank & Trust Co.’s holdings in XPO were worth $537,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of XPO. PNC Financial Services Group Inc. grew its stake in shares of XPO by 18.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,028 shares of the transportation company’s stock worth $616,000 after acquiring an additional 1,100 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of XPO during the first quarter worth about $27,000. Park Avenue Securities LLC purchased a new stake in shares of XPO during the first quarter worth about $226,000. Riverview Trust Co purchased a new stake in shares of XPO during the first quarter worth about $31,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of XPO during the first quarter worth about $263,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Trading Down 1.2 %

Shares of XPO stock opened at $112.90 on Monday. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $13.13 billion, a price-to-earnings ratio of 55.34, a PEG ratio of 1.90 and a beta of 2.10. The stock has a 50 day simple moving average of $112.69 and a 200-day simple moving average of $111.57. XPO, Inc. has a 1-year low of $65.80 and a 1-year high of $130.51.

XPO (NYSE:XPO) last announced its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.11. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 EPS. On average, equities research analysts expect that XPO, Inc. will post 3.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on XPO. The Goldman Sachs Group dropped their price target on XPO from $139.00 to $136.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Stephens reiterated an “overweight” rating and issued a $150.00 target price on shares of XPO in a research report on Thursday, September 5th. TD Cowen dropped their target price on XPO from $143.00 to $142.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Oppenheimer reiterated an “outperform” rating and issued a $140.00 target price on shares of XPO in a research report on Friday, October 4th. Finally, Raymond James dropped their target price on XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, June 24th. Two equities 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 stock. According to MarketBeat.com, XPO has an average rating of “Moderate Buy” and a consensus target price of $130.35.

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.