Deutsche Bank AG Grows Stake in XPO, Inc. $XPO

Deutsche Bank AG lifted its position in XPO, Inc. (NYSE:XPO) by 13.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,908 shares of the transportation company’s stock after acquiring an additional 1,299 shares during the period. Deutsche Bank AG’s holdings in XPO were worth $1,173,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Frontier Capital Management Co. LLC raised its position in shares of XPO by 3.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,239,568 shares of the transportation company’s stock worth $162,569,000 after acquiring an additional 44,854 shares in the last quarter. Northern Trust Corp raised its position in shares of XPO by 24.2% in the 4th quarter. Northern Trust Corp now owns 1,008,124 shares of the transportation company’s stock worth $132,215,000 after acquiring an additional 196,360 shares in the last quarter. Durable Capital Partners LP bought a new position in shares of XPO in the 4th quarter worth approximately $75,923,000. Rhumbline Advisers raised its position in shares of XPO by 0.7% in the 1st quarter. Rhumbline Advisers now owns 338,680 shares of the transportation company’s stock worth $36,435,000 after acquiring an additional 2,296 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of XPO by 11.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 292,304 shares of the transportation company’s stock worth $38,336,000 after acquiring an additional 29,359 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on XPO shares. JPMorgan Chase & Co. increased their target price on XPO from $121.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Oppenheimer increased their target price on XPO from $126.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, July 7th. Truist Financial raised their price objective on XPO from $125.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, June 30th. Wells Fargo & Company raised their price objective on XPO from $144.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, TD Cowen reduced their price objective on XPO from $136.00 to $133.00 and set a “buy” rating for the company in a research report on Friday, June 27th. Nineteen equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

XPO Stock Up 7.4%

XPO stock opened at $137.4040 on Friday. The firm has a market cap of $16.18 billion, a price-to-earnings ratio of 47.54, a PEG ratio of 2.65 and a beta of 1.97. The stock has a fifty day simple moving average of $127.85 and a two-hundred day simple moving average of $119.14. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88.

XPO (NYSE:XPO) last posted its earnings results on Thursday, July 31st. The transportation company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. XPO had a return on equity of 26.48% and a net margin of 4.32%.The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 EPS. Equities analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO Company 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.