DNB Asset Management AS Has $963,000 Stake in XPO, Inc. $XPO

DNB Asset Management AS decreased its position in shares of XPO, Inc. (NYSE:XPO) by 36.7% during the 4th quarter, HoldingsChannel reports. The fund owned 7,084 shares of the transportation company’s stock after selling 4,105 shares during the period. DNB Asset Management AS’s holdings in XPO were worth $963,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Amundi raised its position in XPO by 50.7% during the 1st quarter. Amundi now owns 5,412 shares of the transportation company’s stock worth $582,000 after purchasing an additional 1,820 shares during the last quarter. AQR Capital Management LLC boosted its holdings in XPO by 7.6% in the first quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock valued at $1,856,000 after acquiring an additional 1,243 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in XPO by 3.2% in the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock valued at $1,228,000 after acquiring an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 88 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in XPO in the second quarter valued at approximately $611,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Stock Performance

Shares of XPO stock opened at $210.77 on Thursday. XPO, Inc. has a one year low of $110.78 and a one year high of $231.46. The firm has a market capitalization of $24.75 billion, a price-to-earnings ratio of 72.18, a PEG ratio of 2.37 and a beta of 1.87. The business has a 50-day simple moving average of $203.73 and a 200 day simple moving average of $174.14. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99.

XPO (NYSE:XPO) last issued its earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the company posted $0.73 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, research analysts anticipate that XPO, Inc. will post 4.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

XPO has been the topic of several analyst reports. Stifel Nicolaus set a $237.00 target price on XPO in a report on Friday, May 1st. Benchmark boosted their price objective on XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Oppenheimer boosted their price objective on XPO from $228.00 to $236.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. BMO Capital Markets set a $230.00 price objective on XPO in a research note on Thursday, February 19th. Finally, Wells Fargo & Company boosted their price objective on XPO from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $211.24.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.