XPO, Inc. $XPO Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. grew its stake in XPO, Inc. (NYSE:XPO) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,394 shares of the transportation company’s stock after acquiring an additional 149 shares during the quarter. QRG Capital Management Inc.’s holdings in XPO were worth $555,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of XPO. UMB Bank n.a. increased its stake in shares of XPO by 97.4% in the 1st quarter. UMB Bank n.a. now owns 1,062 shares of the transportation company’s stock worth $114,000 after acquiring an additional 524 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of XPO by 12.9% in the 1st quarter. Park Avenue Securities LLC now owns 2,431 shares of the transportation company’s stock worth $262,000 after acquiring an additional 278 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of XPO by 57.0% in the 1st quarter. GAMMA Investing LLC now owns 1,782 shares of the transportation company’s stock worth $192,000 after acquiring an additional 647 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of XPO by 15.4% in the 1st quarter. Fifth Third Bancorp now owns 1,196 shares of the transportation company’s stock worth $129,000 after acquiring an additional 160 shares during the last quarter. Finally, Brighton Jones LLC acquired a new stake in shares of XPO in the 1st quarter worth $361,000. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Performance

NYSE XPO opened at $129.55 on Friday. The stock has a 50-day moving average of $129.46 and a two-hundred day moving average of $121.02. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. The company has a market cap of $15.26 billion, a P/E ratio of 44.83, a P/E/G ratio of 2.76 and a beta of 1.95. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00.

XPO (NYSE:XPO) last announced its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of ($2,243.00) million during the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%. As a group, analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

Wall Street Analyst Weigh In

XPO has been the subject of a number of recent research reports. UBS Group raised their target price on XPO from $150.00 to $162.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. TD Cowen lowered their price target on XPO from $136.00 to $133.00 and set a “buy” rating for the company in a report on Friday, June 27th. Susquehanna increased their price target on XPO from $138.00 to $145.00 and gave the stock a “positive” rating in a report on Wednesday, June 18th. Wells Fargo & Company increased their price target on XPO from $144.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Morgan Stanley lowered their price target on XPO from $84.00 to $83.00 and set an “underweight” rating for the company in a report on Monday. Nineteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and an average price target of $140.50.

Insider Activity

In other news, Director Allison Landry sold 3,250 shares of XPO stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the transaction, the director owned 5,875 shares in the company, valued at approximately $793,360. This trade represents a 35.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.90% of the company’s stock.

XPO 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.