XPO, Inc. $XPO Shares Bought by Primecap Management Co. CA

Primecap Management Co. CA raised its holdings in shares of XPO, Inc. (NYSE:XPO) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 552,484 shares of the transportation company’s stock after acquiring an additional 12,234 shares during the quarter. Primecap Management Co. CA owned approximately 0.47% of XPO worth $69,773,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its holdings in XPO by 17.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company’s stock valued at $223,052,000 after purchasing an additional 306,928 shares in the last quarter. Durable Capital Partners LP lifted its position in shares of XPO by 246.4% during the 1st quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company’s stock worth $215,730,000 after buying an additional 1,426,394 shares during the last quarter. Findlay Park Partners LLP boosted its holdings in shares of XPO by 11.6% in the 1st quarter. Findlay Park Partners LLP now owns 1,572,500 shares of the transportation company’s stock valued at $169,170,000 after buying an additional 163,300 shares in the last quarter. Cooke & Bieler LP acquired a new position in shares of XPO in the 2nd quarter valued at $108,218,000. Finally, Raymond James Financial Inc. grew its position in shares of XPO by 9.4% in the 1st quarter. Raymond James Financial Inc. now owns 760,086 shares of the transportation company’s stock valued at $81,770,000 after buying an additional 65,023 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Buying and Selling at XPO

In related news, Director Allison Landry sold 3,250 shares of XPO stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total value of $438,880.00. Following the transaction, the director directly owned 5,875 shares in the company, valued at $793,360. This trade represents a 35.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on XPO shares. UBS Group boosted their price target on shares of XPO from $150.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Oppenheimer set a $154.00 target price on XPO and gave the stock an “outperform” rating in a research report on Friday, October 31st. Barclays upped their target price on XPO from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday. Stifel Nicolaus set a $149.00 price target on XPO in a research note on Friday, October 31st. Finally, Wells Fargo & Company boosted their price objective on XPO from $144.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Twenty research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.15.

XPO Stock Performance

NYSE XPO opened at $126.61 on Thursday. The firm has a market cap of $14.86 billion, a P/E ratio of 43.81, a P/E/G ratio of 2.51 and a beta of 1.99. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $161.00. The business’s 50-day moving average price is $132.10 and its 200 day moving average price is $127.68. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88.

XPO (NYSE:XPO) last posted its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%.The company had revenue of ($2,243.00) million during the quarter. On average, equities research analysts expect that XPO, Inc. will post 4.15 earnings per share for the current year.

About XPO

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.