XPO, Inc. $XPO Stock Position Lifted by Bank of America Corp DE

Bank of America Corp DE lifted its position in XPO, Inc. (NYSE:XPO) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 447,301 shares of the transportation company’s stock after acquiring an additional 21,064 shares during the quarter. Bank of America Corp DE’s holdings in XPO were worth $87,022,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Amundi boosted its holdings in XPO by 50.7% in the first 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 period. AQR Capital Management LLC raised its holdings in shares of XPO by 7.6% during the first quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after purchasing an additional 1,243 shares during the period. NewEdge Advisors LLC raised its holdings in shares of XPO by 3.2% during the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after purchasing an additional 355 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after purchasing an additional 88 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of XPO in the 2nd quarter worth about $611,000. 97.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on XPO. Morgan Stanley set a $105.00 price objective on shares of XPO and gave the company an “underweight” rating in a research report on Friday, May 1st. Oppenheimer raised their target price on shares of XPO from $236.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. TD Cowen lifted their target price on XPO from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Zacks Research raised XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Finally, Wells Fargo & Company upped their target price on XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $225.86.

Insider Transactions at XPO

In related news, Director Allison Landry sold 2,400 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares in the company, valued at $1,045,492.89. This represents a 33.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.87% of the stock is owned by corporate insiders.

XPO Trading Up 3.1%

Shares of XPO stock opened at $202.39 on Friday. XPO, Inc. has a 1 year low of $117.98 and a 1 year high of $232.05. The firm has a market capitalization of $23.70 billion, a PE ratio of 59.70, a price-to-earnings-growth ratio of 2.08 and a beta of 1.85. The stock has a fifty day moving average of $209.09 and a two-hundred day moving average of $201.07. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the company earned $1.05 earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. As a group, research analysts expect that XPO, Inc. will post 5.44 EPS for the current year.

XPO 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.