XPO, Inc. $XPO Shares Acquired by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. boosted its holdings in XPO, Inc. (NYSE:XPO) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,959,760 shares of the transportation company’s stock after purchasing an additional 2,623 shares during the period. T. Rowe Price Investment Management Inc. owned about 2.53% of XPO worth $402,261,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Compound Planning Inc. lifted its holdings in XPO by 12.5% during the 4th quarter. Compound Planning Inc. now owns 2,320 shares of the transportation company’s stock worth $315,000 after buying an additional 258 shares during the last quarter. Corient Private Wealth LLC lifted its stake in XPO by 116.1% during the fourth quarter. Corient Private Wealth LLC now owns 9,043 shares of the transportation company’s stock worth $1,229,000 after purchasing an additional 4,858 shares during the last quarter. First Citizens Bank & Trust Co. lifted its stake in XPO by 2.1% during the fourth quarter. First Citizens Bank & Trust Co. now owns 11,378 shares of the transportation company’s stock worth $1,546,000 after purchasing an additional 229 shares during the last quarter. XTX Topco Ltd boosted its holdings in XPO by 224.3% in the fourth quarter. XTX Topco Ltd now owns 24,204 shares of the transportation company’s stock worth $3,290,000 after purchasing an additional 16,741 shares during the period. Finally, Greenstone Partners & Co. LLC acquired a new position in XPO in the fourth quarter worth $26,326,000. 97.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

XPO has been the topic of a number of research reports. Oppenheimer increased their target price on shares of XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Zacks Research raised shares of XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. BMO Capital Markets boosted their price objective on shares of XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. increased their price objective on shares of XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Finally, Susquehanna raised their target price on shares of XPO from $210.00 to $212.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $218.10.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the transaction, the director directly owned 4,849 shares in the company, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

XPO Stock Performance

XPO stock opened at $199.56 on Friday. XPO, Inc. has a 1 year low of $116.68 and a 1 year high of $232.05. The stock has a market capitalization of $23.43 billion, a price-to-earnings ratio of 68.34, a PEG ratio of 2.34 and a beta of 1.83. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s fifty day moving average is $213.75 and its two-hundred day moving average is $185.77.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the firm earned $0.73 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, research analysts predict that XPO, Inc. will post 4.85 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.