KLP Kapitalforvaltning AS Purchases New Position in XPO, Inc. (NYSE:XPO)

KLP Kapitalforvaltning AS acquired a new position in shares of XPO, Inc. (NYSE:XPO) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 23,700 shares of the transportation company’s stock, valued at approximately $3,108,000.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new stake in XPO during the 4th quarter worth $29,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of XPO during the fourth quarter worth about $42,000. Cullen Frost Bankers Inc. increased its position in shares of XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after purchasing an additional 130 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 76 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in XPO during the 3rd quarter worth approximately $57,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on XPO shares. Vertical Research upgraded XPO from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research note on Thursday, March 6th. UBS Group raised their price objective on shares of XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their target price on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft began coverage on XPO in a report on Friday, March 7th. They set a “buy” rating and a $156.00 price target on the stock. Finally, The Goldman Sachs Group boosted their target price on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO currently has a consensus rating of “Buy” and a consensus target price of $158.47.

Insider Transactions at XPO

In other XPO news, COO David J. Bates bought 1,880 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the acquisition, the chief operating officer now owns 21,106 shares of the company’s stock, valued at $2,240,612.96. The trade was a 9.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

XPO Stock Performance

Shares of XPO opened at $110.95 on Thursday. The company has a market capitalization of $13.01 billion, a PE ratio of 34.35, a P/E/G ratio of 1.79 and a beta of 2.13. XPO, Inc. has a 52-week low of $97.03 and a 52-week high of $161.00. The company has a 50-day simple moving average of $127.10 and a 200-day simple moving average of $129.65. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Equities research analysts predict that XPO, Inc. will post 4.15 earnings per share for the current fiscal 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.