91,090 Shares in XPO, Inc. $XPO Bought by iA Global Asset Management Inc.

iA Global Asset Management Inc. bought a new position in XPO, Inc. (NYSE:XPO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 91,090 shares of the transportation company’s stock, valued at approximately $12,380,000. iA Global Asset Management Inc. owned about 0.08% of XPO as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of XPO. Amundi grew its holdings in shares of XPO by 50.7% during the first quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after buying an additional 1,820 shares in the last quarter. AQR Capital Management LLC grew 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 valued at $1,856,000 after buying an additional 1,243 shares in the last quarter. NewEdge Advisors LLC grew 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 valued at $1,228,000 after buying an additional 355 shares in the last quarter. EverSource Wealth Advisors LLC grew 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 valued at $42,000 after buying an additional 88 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of XPO during the second quarter valued at $611,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Price Performance

Shares of NYSE:XPO opened at $203.97 on Monday. XPO, Inc. has a fifty-two week low of $110.78 and a fifty-two week high of $231.46. The business has a 50-day moving average of $203.27 and a two-hundred day moving average of $172.54. The stock has a market capitalization of $23.95 billion, a P/E ratio of 69.85, a P/E/G ratio of 2.39 and a beta of 1.87. 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 announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, topping 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 company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that XPO, Inc. will post 4.84 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Stifel Nicolaus set a $237.00 price target on XPO in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of XPO in a report on Friday, February 6th. JPMorgan Chase & Co. lifted their price target on XPO from $189.00 to $201.00 and gave the company an “overweight” rating in a report on Tuesday, March 10th. BMO Capital Markets set a $230.00 price target on XPO in a report on Thursday, February 19th. Finally, Wells Fargo & Company lifted their price target on XPO from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.24.

About XPO

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.