Capital Research Global Investors Decreases Position in XPO, Inc. $XPO

Capital Research Global Investors reduced its stake in XPO, Inc. (NYSE:XPO) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,016,004 shares of the transportation company’s stock after selling 21,401 shares during the period. Capital Research Global Investors owned 11.94% of XPO worth $1,811,818,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XPO. Forge First Asset Management Inc. purchased a new position in shares of XPO in the 2nd quarter worth $6,079,000. Allspring Global Investments Holdings LLC raised its stake in XPO by 86.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 86,726 shares of the transportation company’s stock valued at $11,008,000 after purchasing an additional 40,235 shares in the last quarter. Cooke & Bieler LP boosted its holdings in shares of XPO by 9.0% in the 3rd quarter. Cooke & Bieler LP now owns 933,745 shares of the transportation company’s stock worth $120,705,000 after purchasing an additional 76,847 shares during the period. Gateway Investment Advisers LLC lifted its position in shares of XPO by 67.2% in the 3rd quarter. Gateway Investment Advisers LLC now owns 18,431 shares of the transportation company’s stock worth $2,383,000 after purchasing an additional 7,406 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in XPO during the second quarter worth $47,437,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Price Performance

XPO stock opened at $194.52 on Tuesday. The business has a fifty day moving average of $173.53 and a two-hundred day moving average of $148.41. The company has a market cap of $22.79 billion, a P/E ratio of 73.40, a price-to-earnings-growth ratio of 2.44 and a beta of 1.93. XPO, Inc. has a one year low of $85.06 and a one year high of $220.50. 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 released its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.12. The company 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%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. As a group, analysts predict that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

XPO has been the topic of several research analyst reports. Stephens reiterated an “overweight” rating and set a $170.00 price target on shares of XPO in a research note on Tuesday, January 6th. Truist Financial raised their price objective on shares of XPO from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Citigroup lifted their target price on shares of XPO from $167.00 to $205.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Bank of America boosted their target price on shares of XPO from $151.00 to $158.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of XPO in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.57.

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.