Oliver Luxxe Assets LLC Increases Stock Position in XPO, Inc. (NYSE:XPO)

Oliver Luxxe Assets LLC grew its stake in XPO, Inc. (NYSE:XPO) by 5.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,559 shares of the transportation company’s stock after buying an additional 1,066 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in XPO were worth $2,696,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. D1 Capital Partners L.P. lifted its holdings in shares of XPO by 84.2% during the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after acquiring an additional 2,153,042 shares during the last quarter. State Street Corp raised its position in XPO by 1.1% during the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock valued at $373,903,000 after purchasing an additional 37,486 shares in the last quarter. Clearbridge Investments LLC lifted its stake in XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after purchasing an additional 253,519 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of XPO by 0.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock worth $165,299,000 after purchasing an additional 10,318 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of XPO by 9.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock valued at $159,243,000 after purchasing an additional 130,322 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Trading Up 2.0 %

XPO stock traded up $2.71 on Monday, reaching $141.17. The company’s stock had a trading volume of 1,327,873 shares, compared to its average volume of 1,483,511. The firm has a market cap of $16.43 billion, a PE ratio of 45.69, a PEG ratio of 2.37 and a beta of 2.08. The business has a fifty day simple moving average of $144.56 and a two-hundred day simple moving average of $122.94. XPO, Inc. has a 12-month low of $80.26 and a 12-month high of $161.00. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.88 EPS. As a group, research analysts forecast that XPO, Inc. will post 3.62 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on XPO. Barclays boosted their target price on XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price objective on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Citigroup upped their price objective on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Evercore ISI decreased their target price on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Finally, Stephens restated an “overweight” rating and set a $165.00 price target on shares of XPO in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.31.

XPO 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.