Allspring Global Investments Holdings LLC Grows Position in XPO, Inc. $XPO

Allspring Global Investments Holdings LLC grew its stake in XPO, Inc. (NYSE:XPO) by 88.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 46,491 shares of the transportation company’s stock after buying an additional 21,859 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in XPO were worth $6,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in shares of XPO by 4.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company’s stock valued at $235,000 after buying an additional 78 shares in the last quarter. Securian Asset Management Inc. lifted its position in shares of XPO by 1.2% during the 1st quarter. Securian Asset Management Inc. now owns 8,904 shares of the transportation company’s stock valued at $958,000 after buying an additional 105 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of XPO by 46.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock valued at $44,000 after buying an additional 111 shares in the last quarter. Signaturefd LLC lifted its position in shares of XPO by 10.6% during the 1st quarter. Signaturefd LLC now owns 1,363 shares of the transportation company’s stock valued at $147,000 after buying an additional 131 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of XPO by 0.6% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,802 shares of the transportation company’s stock valued at $2,561,000 after buying an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Insider Activity

In other XPO news, Director Allison Landry sold 3,250 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the sale, the director directly owned 5,875 shares of the company’s stock, valued at $793,360. This trade represents a 35.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Truist Financial set a $145.00 target price on XPO in a research report on Tuesday, October 14th. Evercore ISI increased their target price on XPO from $134.00 to $141.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. UBS Group increased their target price on XPO from $150.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. TD Cowen decreased their price objective on XPO from $136.00 to $133.00 and set a “buy” rating on the stock in a report on Friday, June 27th. Finally, Citigroup raised their price objective on XPO from $152.00 to $155.00 and gave the company a “buy” rating in a report on Monday, October 13th. Nineteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.00.

XPO Trading Down 1.0%

Shares of XPO stock opened at $129.74 on Monday. The stock’s fifty day moving average is $130.35 and its two-hundred day moving average is $121.95. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. The firm has a market capitalization of $15.28 billion, a P/E ratio of 44.89, a PEG ratio of 2.61 and a beta of 1.95. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00.

XPO (NYSE:XPO) last issued its earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%.The business had revenue of ($2,243.00) million during the quarter. Research analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO Company 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.