Global Retirement Partners LLC Boosts Holdings in XPO, Inc. (NYSE:XPO)

Global Retirement Partners LLC increased its holdings in XPO, Inc. (NYSE:XPOFree Report) by 1,481.4% during the fourth quarter, Holdings Channel reports. The firm owned 2,293 shares of the transportation company’s stock after acquiring an additional 2,148 shares during the quarter. Global Retirement Partners LLC’s holdings in XPO were worth $196,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in XPO by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 10,794,892 shares of the transportation company’s stock worth $805,947,000 after purchasing an additional 54,528 shares in the last quarter. BlackRock Inc. lifted its holdings in XPO by 9.9% in the 1st quarter. BlackRock Inc. now owns 10,049,511 shares of the transportation company’s stock worth $731,604,000 after purchasing an additional 906,295 shares in the last quarter. MFN Partners Management LP lifted its holdings in XPO by 68.4% in the 1st quarter. MFN Partners Management LP now owns 7,200,369 shares of the transportation company’s stock worth $524,187,000 after purchasing an additional 2,925,000 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in XPO by 22.8% in the 4th quarter. Alliancebernstein L.P. now owns 3,706,775 shares of the transportation company’s stock worth $123,399,000 after purchasing an additional 687,859 shares in the last quarter. Finally, State Street Corp lifted its holdings in XPO by 7.8% in the 3rd quarter. State Street Corp now owns 3,127,854 shares of the transportation company’s stock worth $139,252,000 after purchasing an additional 226,517 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on XPO from $98.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Barclays upped their price objective on XPO from $100.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Stifel Nicolaus upped their price objective on XPO from $77.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Susquehanna upped their price objective on XPO from $100.00 to $140.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Finally, Bank of America upped their price objective on XPO from $132.00 to $137.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.80.

Check Out Our Latest Stock Analysis on XPO

XPO Stock Performance

Shares of XPO stock opened at $123.71 on Thursday. The stock’s fifty day moving average is $115.89 and its two-hundred day moving average is $93.21. The company has a market capitalization of $14.36 billion, a PE ratio of 76.84, a price-to-earnings-growth ratio of 2.94 and a beta of 2.19. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO, Inc. has a 52 week low of $29.02 and a 52 week high of $129.43.

XPO (NYSE:XPOGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.62 by $0.15. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.92 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. XPO’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. As a group, analysts expect that XPO, Inc. will post 3.45 earnings per share for the current year.

About XPO

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for XPO (NYSE:XPO)

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