Econ Financial Services Corp Acquires Shares of 13,517 XPO, Inc. $XPO

Econ Financial Services Corp bought a new position in XPO, Inc. (NYSE:XPO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,517 shares of the transportation company’s stock, valued at approximately $1,837,000.

A number of other large investors have also made changes to their positions in XPO. Invesco Ltd. boosted its stake in XPO by 306.9% in the 2nd quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company’s stock worth $660,679,000 after purchasing an additional 3,945,683 shares during the period. Durable Capital Partners LP raised its stake in XPO by 79.3% during the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after purchasing an additional 1,589,759 shares during the period. Norges Bank purchased a new stake in shares of XPO in the second quarter valued at $168,840,000. Capital World Investors lifted its holdings in shares of XPO by 7.3% in the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock valued at $1,403,973,000 after purchasing an additional 735,450 shares in the last quarter. Finally, Orbis Allan Gray Ltd boosted its position in shares of XPO by 16.8% in the second quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock worth $397,820,000 after buying an additional 452,891 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XPO. Susquehanna lowered XPO from a “positive” rating to a “neutral” rating and upped their price target for the company from $160.00 to $210.00 in a research report on Wednesday, February 11th. Weiss Ratings restated a “hold (c)” rating on shares of XPO in a research report on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $180.00 target price on shares of XPO in a research note on Thursday, February 5th. Truist Financial increased their price target on shares of XPO from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, Bank of America raised their price target on shares of XPO from $151.00 to $158.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $182.14.

XPO Stock Up 4.4%

XPO opened at $194.58 on Wednesday. The company has a market capitalization of $22.80 billion, a PE ratio of 73.43, a price-to-earnings-growth ratio of 2.41 and a beta of 1.94. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.05 and a quick ratio of 1.05. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $220.50. The business has a 50-day moving average of $187.30 and a 200-day moving average of $154.81.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.76 by $0.12. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.95 billion. XPO had a return on equity of 25.07% and a net margin of 3.87%.The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS. Equities research analysts forecast that XPO, Inc. will post 4.15 EPS for the current fiscal year.

About XPO

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.