National Pension Service bought a new position in XPO, Inc. (NYSE:XPO – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 183,619 shares of the transportation company’s stock, valued at approximately $37,695,000.
A number of other institutional investors have also recently bought and sold shares of XPO. Parallel Advisors LLC raised its stake in shares of XPO by 13.2% in the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock valued at $82,000 after buying an additional 49 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of XPO by 19.1% during the 1st quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 60 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of XPO by 13.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 60 shares in the last quarter. Root Financial Partners LLC increased its stake in XPO by 21.1% in the first quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 63 shares during the period. Finally, UMB Bank n.a. increased its stake in XPO by 4.4% in the fourth quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company’s stock valued at $202,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.
XPO Trading Down 0.1%
Shares of XPO stock opened at $182.11 on Friday. XPO, Inc. has a 12-month low of $121.48 and a 12-month high of $232.05. The company has a market capitalization of $21.32 billion, a P/E ratio of 53.72, a P/E/G ratio of 1.86 and a beta of 1.85. The firm has a 50-day moving average price of $200.88 and a 200 day moving average price of $204.43. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. Evercore raised shares of XPO from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. Weiss Ratings lowered XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. TD Cowen increased their target price on XPO from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Stifel Nicolaus raised their target price on XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $225.82.
Check Out Our Latest Stock Report on XPO
Insider Activity at XPO
In other news, CAO Christopher Brown sold 3,750 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 31,005 shares of the company’s stock, valued at $6,261,149.70. The trade was a 10.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is owned by insiders.
XPO Profile
XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.
In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.
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