PFG Investments LLC Invests $405,000 in XPO, Inc. (NYSE:XPO)

PFG Investments LLC bought a new position in XPO, Inc. (NYSE:XPO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,322 shares of the transportation company’s stock, valued at approximately $405,000.

Several other hedge funds have also recently modified their holdings of XPO. Dorsey Wright & Associates bought a new stake in XPO in the third quarter worth $1,252,000. Lisanti Capital Growth LLC raised its stake in XPO by 527.2% during the third quarter. Lisanti Capital Growth LLC now owns 90,445 shares of the transportation company’s stock valued at $6,753,000 after purchasing an additional 76,025 shares in the last quarter. Deutsche Bank AG raised its stake in XPO by 12,894.9% during the third quarter. Deutsche Bank AG now owns 1,304,037 shares of the transportation company’s stock valued at $97,359,000 after purchasing an additional 1,294,002 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in XPO by 11.0% during the third quarter. PNC Financial Services Group Inc. now owns 5,928 shares of the transportation company’s stock valued at $443,000 after purchasing an additional 586 shares in the last quarter. Finally, New York State Teachers Retirement System raised its stake in XPO by 2.7% during the fourth quarter. New York State Teachers Retirement System now owns 123,804 shares of the transportation company’s stock valued at $10,844,000 after purchasing an additional 3,207 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus increased their target price on shares of XPO from $77.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. TD Cowen increased their target price on shares of XPO from $129.00 to $136.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. The Goldman Sachs Group increased their target price on shares of XPO from $98.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. BMO Capital Markets increased their target price on shares of XPO from $100.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, Raymond James increased their target price on shares of XPO from $130.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.65.

XPO Stock Performance

Shares of NYSE:XPO traded down $3.32 during trading on Tuesday, hitting $107.40. 2,482,597 shares of the stock traded hands, compared to its average volume of 1,378,148. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The company has a market cap of $12.49 billion, a price-to-earnings ratio of 66.71, a P/E/G ratio of 2.67 and a beta of 2.19. The company has a fifty day moving average price of $121.51 and a two-hundred day moving average price of $99.63. XPO, Inc. has a 52-week low of $42.86 and a 52-week high of $130.51.

XPO (NYSE:XPO) last posted its earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.15. XPO had a net margin of 2.44% and a return on equity of 29.85%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the firm earned $0.98 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities analysts predict that XPO, Inc. will post 3.47 EPS for the current year.

XPO Company Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.