XPO, Inc. (NYSE:XPO) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its stake in shares of XPO, Inc. (NYSE:XPO) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,729 shares of the transportation company’s stock after acquiring an additional 455 shares during the period. State of Alaska Department of Revenue’s holdings in XPO were worth $1,476,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in XPO. Capital Research Global Investors boosted its stake in shares of XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock valued at $1,789,171,000 after acquiring an additional 2,125,686 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in shares of XPO during the fourth quarter valued at $231,667,000. Capital World Investors lifted its position in XPO by 26.1% during the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock worth $1,016,923,000 after buying an additional 1,605,001 shares during the period. Norges Bank purchased a new position in XPO during the fourth quarter worth about $188,808,000. Finally, Raymond James Financial Inc. purchased a new position in XPO during the fourth quarter worth about $91,158,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Stock Performance

Shares of NYSE:XPO opened at $125.90 on Wednesday. The company has a market cap of $14.83 billion, a P/E ratio of 38.74, a PEG ratio of 2.34 and a beta of 1.92. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.02 and a current ratio of 1.02. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The business’s 50-day simple moving average is $114.14 and its 200 day simple moving average is $122.35.

XPO (NYSE:XPO) last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.98 billion. XPO had a return on equity of 28.27% and a net margin of 4.87%. The company’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the business posted $0.81 EPS. On average, sell-side analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO announced that its board has initiated a stock repurchase program on Thursday, March 27th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

XPO has been the topic of several recent analyst reports. Citigroup reduced their target price on XPO from $148.00 to $113.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Stephens reiterated an “overweight” rating and set a $131.00 target price on shares of XPO in a research report on Thursday, June 5th. UBS Group increased their target price on XPO from $108.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on XPO in a research report on Friday, March 7th. They set a “buy” rating and a $156.00 target price on the stock. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $140.00 target price (up from $135.00) on shares of XPO in a research report on Tuesday, June 10th. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $135.26.

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.