XPO’s (XPO) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of XPO (NYSE:XPO) in a research report sent to investors on Wednesday morning,Weiss Ratings reports.

Several other research firms have also recently commented on XPO. JPMorgan Chase & Co. increased their target price on XPO from $121.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Bank of America increased their target price on XPO from $139.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Stifel Nicolaus reduced their target price on XPO from $145.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, August 1st. Wells Fargo & Company raised their price objective on XPO from $144.00 to $147.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Susquehanna raised their price objective on XPO from $138.00 to $145.00 and gave the stock a “positive” rating in a research note on Wednesday, June 18th. Nineteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.50.

XPO Stock Down 5.9%

XPO opened at $129.55 on Wednesday. The firm has a 50 day moving average price of $129.46 and a 200 day moving average price of $121.02. The company has a market cap of $15.26 billion, a PE ratio of 44.83, a price-to-earnings-growth ratio of 2.76 and a beta of 1.95. XPO has a 1 year low of $85.06 and a 1 year high of $161.00. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01.

XPO (NYSE:XPO) last posted its earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. The firm had revenue of ($2,243.00) million during the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. Sell-side analysts expect that XPO will post 4.15 earnings per share for the current year.

Insider Transactions at XPO

In related 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 transaction of $438,880.00. Following the transaction, the director directly owned 5,875 shares of the company’s stock, valued at $793,360. The trade was a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of XPO. Invesco Ltd. increased its stake in XPO by 306.9% in the 2nd quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company’s stock worth $660,679,000 after purchasing an additional 3,945,683 shares in the last quarter. Durable Capital Partners LP increased its stake in XPO by 79.3% in the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after purchasing an additional 1,589,759 shares in the last quarter. Norges Bank purchased a new position in XPO in the 2nd quarter worth about $168,840,000. Cooke & Bieler LP purchased a new position in XPO in the 2nd quarter worth about $108,218,000. Finally, BNP Paribas Financial Markets increased its stake in XPO by 854.2% in the 1st quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company’s stock worth $59,335,000 after purchasing an additional 493,736 shares in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

About XPO

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.