XPO, Inc. $XPO Shares Purchased by DNB Asset Management AS

DNB Asset Management AS raised its position in XPO, Inc. (NYSE:XPO) by 260.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 11,189 shares of the transportation company’s stock after purchasing an additional 8,087 shares during the period. DNB Asset Management AS’s holdings in XPO were worth $1,446,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust raised its position in XPO by 23.0% during the third quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock worth $57,000 after acquiring an additional 82 shares during the last quarter. Archer Investment Corp increased its stake in shares of XPO by 9.6% during the 3rd quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock worth $120,000 after purchasing an additional 82 shares in the last quarter. Bayforest Capital Ltd raised its position in shares of XPO by 72.8% during the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. Bessemer Group Inc. raised its position in shares of XPO by 21.6% during the 3rd quarter. Bessemer Group Inc. now owns 490 shares of the transportation company’s stock worth $63,000 after purchasing an additional 87 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in XPO by 35.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Price Performance

XPO opened at $215.22 on Wednesday. The company’s 50 day simple moving average is $168.72 and its 200 day simple moving average is $146.37. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.05 and a current ratio of 1.05. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $217.44. The stock has a market capitalization of $25.21 billion, a PE ratio of 81.22, a P/E/G ratio of 2.82 and a beta of 1.94.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.76 by $0.12. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.95 billion. XPO had a net margin of 3.87% and a return on equity of 25.07%. XPO’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 earnings per share. As a group, sell-side analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

Analyst Ratings Changes

XPO has been the subject of several recent research reports. Benchmark reissued a “buy” rating on shares of XPO in a research report on Tuesday. Susquehanna cut XPO from a “positive” rating to a “neutral” rating and lifted their price objective for the stock from $160.00 to $210.00 in a research report on Wednesday, February 11th. The Goldman Sachs Group reissued a “buy” rating and issued a $180.00 target price on shares of XPO in a research note on Thursday, February 5th. Stephens reaffirmed an “overweight” rating and set a $170.00 price target on shares of XPO in a research note on Tuesday, January 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of XPO from $160.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $179.68.

XPO Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.