Zurcher Kantonalbank Zurich Cantonalbank Has $2.21 Million Holdings in XPO, Inc. (NYSE:XPO)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of XPO, Inc. (NYSE:XPO) by 10.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 25,228 shares of the transportation company’s stock after purchasing an additional 2,422 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in XPO were worth $2,210,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Deutsche Bank AG grew its holdings 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 during the last quarter. Eminence Capital LP raised its holdings in XPO by 137.4% in the 3rd quarter. Eminence Capital LP now owns 1,191,311 shares of the transportation company’s stock worth $88,943,000 after acquiring an additional 689,457 shares during the period. Invesco Ltd. raised its holdings in XPO by 76.5% in the 3rd quarter. Invesco Ltd. now owns 1,258,725 shares of the transportation company’s stock worth $93,976,000 after acquiring an additional 545,485 shares during the period. Lord Abbett & CO. LLC acquired a new position in XPO during the 3rd quarter worth $27,267,000. Finally, Victory Capital Management Inc. boosted its holdings in XPO by 1,405.6% during the third quarter. Victory Capital Management Inc. now owns 345,968 shares of the transportation company’s stock valued at $25,830,000 after acquiring an additional 322,989 shares during the period. 97.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on XPO shares. JPMorgan Chase & Co. boosted their price objective on XPO from $97.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Bank of America upped their price target on XPO from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, April 15th. The Goldman Sachs Group raised their price objective on shares of XPO from $98.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Oppenheimer upped their target price on shares of XPO from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Finally, Morgan Stanley lowered shares of XPO from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $75.00 to $80.00 in a research report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $111.65.

XPO Trading Up 4.1 %

NYSE:XPO opened at $120.84 on Wednesday. XPO, Inc. has a fifty-two week low of $40.69 and a fifty-two week high of $130.51. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $14.05 billion, a PE ratio of 75.06, a price-to-earnings-growth ratio of 2.79 and a beta of 2.19. The business’s 50-day simple moving average is $122.22 and its 200-day simple moving average is $98.38.

XPO (NYSE:XPO) last released its quarterly earnings data 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 return on equity of 29.85% and a net margin of 2.44%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the business posted $0.98 EPS. XPO’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts expect that XPO, Inc. will post 3.47 earnings per share for the current fiscal year.

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.