State of Alaska Department of Revenue Purchases 915 Shares of XPO, Inc. (NYSE:XPO)

State of Alaska Department of Revenue boosted its position in XPO, Inc. (NYSE:XPO) by 7.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,514 shares of the transportation company’s stock after purchasing an additional 915 shares during the quarter. State of Alaska Department of Revenue’s holdings in XPO were worth $1,452,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC purchased a new stake in shares of XPO in the third quarter worth $25,000. Blue Trust Inc. increased its stake in XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after acquiring an additional 258 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of XPO in the 2nd quarter valued at about $28,000. ORG Partners LLC bought a new stake in shares of XPO during the 1st quarter valued at about $36,000. Finally, International Assets Investment Management LLC purchased a new position in shares of XPO during the second quarter worth about $36,000. 97.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XPO has been the topic of a number of recent analyst reports. Stephens reaffirmed an “overweight” rating and issued a $150.00 target price on shares of XPO in a research note on Thursday, September 5th. Bank of America dropped their price objective on shares of XPO from $135.00 to $134.00 and set a “buy” rating for the company in a report on Monday, July 22nd. JPMorgan Chase & Co. reduced their target price on XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research note on Friday, September 6th. Wells Fargo & Company lifted their price target on XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, The Goldman Sachs Group cut their price objective on XPO from $139.00 to $136.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.38.

XPO Stock Performance

Shares of XPO stock opened at $130.19 on Monday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.00 and a current ratio of 1.06. XPO, Inc. has a fifty-two week low of $78.01 and a fifty-two week high of $138.71. The company has a market capitalization of $15.15 billion, a P/E ratio of 42.13, a PEG ratio of 2.08 and a beta of 2.07. The stock has a 50 day moving average price of $112.67 and a two-hundred day moving average price of $111.19.

XPO (NYSE:XPO) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the prior year, the company posted $0.88 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts expect that XPO, Inc. will post 3.55 earnings per share for the current 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.