TD Asset Management Inc Raises Stock Position in XPO, Inc. (NYSE:XPO)

TD Asset Management Inc grew its holdings in XPO, Inc. (NYSE:XPO) by 21.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 163,000 shares of the transportation company’s stock after acquiring an additional 29,000 shares during the period. TD Asset Management Inc owned about 0.14% of XPO worth $17,536,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in XPO. LPL Financial LLC raised its stake in shares of XPO by 57.3% in the 4th quarter. LPL Financial LLC now owns 74,250 shares of the transportation company’s stock valued at $9,738,000 after acquiring an additional 27,034 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of XPO by 6.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 15,786 shares of the transportation company’s stock valued at $2,070,000 after acquiring an additional 1,015 shares during the period. California Public Employees Retirement System raised its stake in shares of XPO by 18.6% in the 4th quarter. California Public Employees Retirement System now owns 179,267 shares of the transportation company’s stock valued at $23,511,000 after acquiring an additional 28,084 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of XPO by 13.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,699 shares of the transportation company’s stock valued at $1,010,000 after acquiring an additional 908 shares during the period. Finally, HighPoint Advisor Group LLC raised its stake in shares of XPO by 10.4% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,842 shares of the transportation company’s stock valued at $242,000 after acquiring an additional 174 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

XPO has been the topic of several analyst reports. Barclays lifted their price target on shares of XPO from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Susquehanna lifted their price target on shares of XPO from $138.00 to $145.00 and gave the stock a “positive” rating in a research note on Wednesday, June 18th. Evercore ISI lifted their price target on shares of XPO from $115.00 to $116.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Citigroup downgraded shares of XPO from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $137.00 to $140.00 in a research note on Wednesday, July 9th. Finally, UBS Group lifted their price target on shares of XPO from $123.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.16.

XPO Price Performance

Shares of XPO stock opened at $134.38 on Wednesday. The firm has a market cap of $15.83 billion, a P/E ratio of 41.35, a P/E/G ratio of 2.63 and a beta of 1.93. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.02 and a quick ratio of 1.02. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The firm has a fifty day moving average of $125.22 and a two-hundred day moving average of $120.51.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. XPO had a net margin of 4.87% and a return on equity of 28.27%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the business earned $0.81 EPS. As a group, research analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO 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.