BI Asset Management Fondsmaeglerselskab A S Buys New Shares in XPO, Inc. (NYSE:XPO)

BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of XPO, Inc. (NYSE:XPOFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,155 shares of the transportation company’s stock, valued at approximately $802,000.

A number of other hedge funds have also recently added to or reduced their stakes in XPO. Norges Bank purchased a new position in shares of XPO during the 4th quarter worth about $79,592,000. Brown Advisory Inc. raised its stake in XPO by 96.4% during the fourth quarter. Brown Advisory Inc. now owns 15,276 shares of the transportation company’s stock worth $1,338,000 after purchasing an additional 7,498 shares during the period. Independent Advisor Alliance boosted its holdings in shares of XPO by 44.5% in the 4th quarter. Independent Advisor Alliance now owns 30,276 shares of the transportation company’s stock valued at $2,531,000 after purchasing an additional 9,318 shares during the last quarter. Level Four Advisory Services LLC grew its stake in shares of XPO by 4.5% during the 4th quarter. Level Four Advisory Services LLC now owns 9,927 shares of the transportation company’s stock valued at $870,000 after buying an additional 424 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in shares of XPO by 9.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,542 shares of the transportation company’s stock worth $223,000 after buying an additional 217 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Performance

XPO stock opened at $105.51 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.49. The stock has a 50 day moving average of $117.87 and a 200-day moving average of $103.56. The stock has a market cap of $12.27 billion, a P/E ratio of 51.72, a price-to-earnings-growth ratio of 1.52 and a beta of 2.17. XPO, Inc. has a 52 week low of $45.24 and a 52 week high of $130.51.

XPO (NYSE:XPOGet Free Report) last posted its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.01 billion. XPO had a net margin of 3.08% and a return on equity of 30.77%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 EPS. On average, analysts expect that XPO, Inc. will post 3.61 EPS for the current fiscal year.

Insider Buying and Selling

In other XPO news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the sale, the insider now owns 11,425,369 shares in the company, valued at $1,290,838,189.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Oppenheimer lifted their target price on XPO from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. TD Cowen boosted 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. Citigroup raised their price target on shares of XPO from $100.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Morgan Stanley downgraded shares of XPO from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $75.00 to $80.00 in a research note on Monday, February 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of XPO from $97.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.95.

Check Out Our Latest Report on XPO

XPO Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for XPO (NYSE:XPO)

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