XPO, Inc. $XPO Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. increased its holdings in XPO, Inc. (NYSE:XPO) by 228,761.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,121,419 shares of the transportation company’s stock after acquiring an additional 1,120,929 shares during the quarter. Bessemer Group Inc.’s holdings in XPO were worth $152,411,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP grew its position in XPO by 10.1% in the 4th quarter. Allworth Financial LP now owns 810 shares of the transportation company’s stock valued at $110,000 after buying an additional 74 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in XPO by 27.9% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 5,499 shares of the transportation company’s stock valued at $747,000 after buying an additional 1,200 shares during the last quarter. Swiss Life Asset Management Ltd grew its position in XPO by 4.2% in the 4th quarter. Swiss Life Asset Management Ltd now owns 5,659 shares of the transportation company’s stock valued at $769,000 after buying an additional 230 shares during the last quarter. NewEdge Wealth LLC grew its position in XPO by 32.4% in the 4th quarter. NewEdge Wealth LLC now owns 2,271 shares of the transportation company’s stock valued at $309,000 after buying an additional 556 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in XPO by 4.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 6,990 shares of the transportation company’s stock valued at $950,000 after buying an additional 319 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on XPO. BMO Capital Markets set a $230.00 price objective on shares of XPO in a research report on Thursday, February 19th. Susquehanna lowered shares of XPO from a “positive” rating to a “neutral” rating and lifted their price objective for the company from $160.00 to $210.00 in a research report on Wednesday, February 11th. JPMorgan Chase & Co. lifted their price objective on shares of XPO from $189.00 to $201.00 and gave the company an “overweight” rating in a research report on Tuesday, March 10th. Stifel Nicolaus set a $237.00 target price on XPO in a report on Friday, May 1st. Finally, Barclays raised their target price on XPO from $195.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $211.24.

XPO Trading Up 3.6%

NYSE:XPO opened at $205.46 on Friday. The company has a market capitalization of $24.12 billion, a PE ratio of 70.36, a price-to-earnings-growth ratio of 2.32 and a beta of 1.87. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. XPO, Inc. has a 52-week low of $110.78 and a 52-week high of $231.46. The stock has a fifty day simple moving average of $203.47 and a 200-day simple moving average of $171.98.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.12. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 EPS. On average, equities research analysts expect that XPO, Inc. will post 4.84 earnings per share for the current fiscal year.

XPO 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.