Citigroup Inc. Grows Stock Holdings in XPO, Inc. $XPO

Citigroup Inc. increased its position in shares of XPO, Inc. (NYSE:XPO) by 694.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,906 shares of the transportation company’s stock after acquiring an additional 141,521 shares during the quarter. Citigroup Inc. owned about 0.14% of XPO worth $20,930,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of XPO. Bayforest Capital Ltd increased its position in shares of XPO by 72.8% during the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after purchasing an additional 83 shares in the last quarter. Root Financial Partners LLC acquired a new stake in XPO in the third quarter worth about $32,000. EverSource Wealth Advisors LLC increased its holdings in shares of XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 88 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of XPO by 247.4% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 337 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 240 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in XPO by 58.7% during the 2nd quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock worth $51,000 after purchasing an additional 149 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Up 3.3%

XPO opened at $205.07 on Friday. The company has a fifty day moving average of $164.31 and a two-hundred day moving average of $144.28. The stock has a market capitalization of $24.02 billion, a price-to-earnings ratio of 77.38, a PEG ratio of 2.60 and a beta of 2.01. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $212.71. 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 (NYSE:XPO) last posted its earnings results on Thursday, February 5th. The transportation company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The firm had revenue of $2.01 billion for 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 company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.89 EPS. On average, research analysts expect that XPO, Inc. will post 4.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

XPO has been the topic of a number of research analyst reports. Zacks Research raised shares of XPO from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. Bank of America increased their price objective on XPO from $151.00 to $158.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. lifted their target price on XPO from $160.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $180.00 price target on shares of XPO in a report on Thursday, February 5th. Finally, Rothschild & Co Redburn set a $156.00 price objective on shares of XPO in a report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, XPO presently has an average rating of “Moderate Buy” and a consensus target price of $178.32.

XPO Company 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.