XPO, Inc. (NYSE:XPO) Stock Holdings Boosted by Creative Planning

Creative Planning boosted its position in XPO, Inc. (NYSE:XPO) by 11.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,019 shares of the transportation company’s stock after buying an additional 611 shares during the quarter. Creative Planning’s holdings in XPO were worth $647,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XPO. D1 Capital Partners L.P. acquired a new stake in shares of XPO in the second quarter valued at approximately $271,532,000. Capital Research Global Investors grew its holdings 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 worth $1,245,131,000 after buying an additional 912,544 shares in the last quarter. Clearbridge Investments LLC increased its position in XPO by 33.4% in the 1st quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock valued at $272,699,000 after acquiring an additional 560,079 shares during the period. Interval Partners LP raised its stake in XPO by 48,850.0% during the 1st quarter. Interval Partners LP now owns 195,000 shares of the transportation company’s stock valued at $23,796,000 after acquiring an additional 195,400 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in XPO during the 2nd quarter worth $16,540,000. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Trading Up 2.5 %

Shares of XPO opened at $133.50 on Tuesday. The business’s 50-day moving average price is $112.90 and its 200 day moving average price is $111.31. The company has a current ratio of 1.06, a quick ratio of 1.00 and a debt-to-equity ratio of 2.04. The stock has a market capitalization of $15.54 billion, a P/E ratio of 43.20, a P/E/G ratio of 2.08 and a beta of 2.07. XPO, Inc. has a 1-year low of $78.48 and a 1-year high of $138.71.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. The firm’s revenue 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on XPO shares. Barclays raised their price target on XPO from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Stephens restated an “overweight” rating and set a $150.00 price target on shares of XPO in a research report on Thursday, September 5th. Evercore ISI decreased their price objective on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Benchmark reissued a “buy” rating and set a $140.00 target price on shares of XPO in a report on Thursday, September 19th. Finally, Stifel Nicolaus increased their price target on XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company. According to MarketBeat, XPO currently has an average rating of “Moderate Buy” and a consensus price target of $138.38.

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.