62,069 Shares in XPO, Inc. $XPO Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in XPO, Inc. (NYSE:XPO) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 62,069 shares of the transportation company’s stock, valued at approximately $12,742,000. Public Employees Retirement System of Ohio owned approximately 0.05% of XPO at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Transamerica Financial Advisors LLC acquired a new stake in shares of XPO during the 2nd quarter worth $32,000. Corient Private Wealth LP acquired a new position in XPO in the second quarter valued at about $4,962,000. Parallax Volatility Advisers L.P. acquired a new position in XPO in the second quarter valued at about $1,487,000. Perennial Investment Advisors LLC bought a new stake in XPO during the second quarter worth about $562,000. Finally, Bank of America Corp DE bought a new stake in XPO during the second quarter worth about $81,859,000. 97.73% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Christopher Michael Brown sold 3,750 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. This represents a 10.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on XPO shares. Stifel Nicolaus raised their target price on shares of XPO from $237.00 to $241.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Citigroup cut their price target on shares of XPO from $226.00 to $221.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Oppenheimer increased their price target on shares of XPO from $236.00 to $238.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. BMO Capital Markets lifted their price objective on shares of XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. Finally, Susquehanna boosted their price objective on shares of XPO from $212.00 to $214.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $225.86.

XPO Trading Up 0.0%

XPO opened at $188.58 on Monday. The company’s 50 day moving average is $203.99 and its 200-day moving average is $205.34. XPO, Inc. has a 1-year low of $121.48 and a 1-year high of $232.05. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. The company has a market cap of $22.08 billion, a P/E ratio of 55.63, a PEG ratio of 1.91 and a beta of 1.85.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.05 EPS. Equities research analysts predict that XPO, Inc. will post 5.44 earnings per share for the current fiscal year.

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.