California Public Employees Retirement System Purchases 33,350 Shares of XPO, Inc. $XPO

California Public Employees Retirement System increased its position in XPO, Inc. (NYSE:XPO) by 20.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 197,850 shares of the transportation company’s stock after acquiring an additional 33,350 shares during the period. California Public Employees Retirement System’s holdings in XPO were worth $38,492,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Border to Coast Pensions Partnership Ltd bought a new stake in shares of XPO during the 1st quarter worth $36,048,000. Econ Financial Services Corp bought a new position in XPO in the 4th quarter worth $1,837,000. Calamos Advisors LLC lifted its position in XPO by 247.8% during the 4th quarter. Calamos Advisors LLC now owns 13,973 shares of the transportation company’s stock worth $1,899,000 after acquiring an additional 9,956 shares during the last quarter. K.J. Harrison & Partners Inc lifted its position in XPO by 460.0% during the 4th quarter. K.J. Harrison & Partners Inc now owns 28,000 shares of the transportation company’s stock worth $3,805,000 after acquiring an additional 23,000 shares during the last quarter. Finally, Dakota Wealth Management boosted its holdings in XPO by 23.3% during the fourth quarter. Dakota Wealth Management now owns 14,641 shares of the transportation company’s stock valued at $1,990,000 after acquiring an additional 2,765 shares during the period. Institutional investors own 97.73% of the company’s stock.

Analyst Ratings Changes

XPO has been the topic of several research analyst reports. Citigroup initiated coverage on XPO in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Evercore raised XPO from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. Bank of America increased their target price on XPO from $244.00 to $246.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. UBS Group raised their target price on XPO from $236.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Barclays lifted their price target on XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $219.57.

XPO Stock Performance

NYSE:XPO opened at $210.72 on Tuesday. The firm’s 50-day moving average is $209.27 and its 200-day moving average is $195.58. XPO, Inc. has a 52-week low of $116.68 and a 52-week high of $232.05. 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 company has a market cap of $24.74 billion, a price-to-earnings ratio of 72.17, a PEG ratio of 2.48 and a beta of 1.85.

XPO (NYSE:XPO) last announced its quarterly earnings data 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 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 business earned $0.73 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts anticipate that XPO, Inc. will post 4.9 earnings per share for the current year.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 2,400 shares of the company’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 value of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This represents a 33.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.87% of the stock is owned by corporate insiders.

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.