Handelsbanken Fonder AB Buys 3,800 Shares of XPO, Inc. $XPO

Handelsbanken Fonder AB raised its stake in XPO, Inc. (NYSE:XPO) by 12.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,900 shares of the transportation company’s stock after purchasing an additional 3,800 shares during the period. Handelsbanken Fonder AB’s holdings in XPO were worth $4,607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cooke & Bieler LP increased its stake in XPO by 9.0% in the third quarter. Cooke & Bieler LP now owns 933,745 shares of the transportation company’s stock valued at $120,705,000 after purchasing an additional 76,847 shares in the last quarter. Primecap Management Co. CA increased its stake in XPO by 6.3% in the third quarter. Primecap Management Co. CA now owns 587,534 shares of the transportation company’s stock valued at $75,951,000 after purchasing an additional 35,050 shares in the last quarter. Compass Wealth Management LLC bought a new stake in XPO in the third quarter valued at $29,997,000. Rakuten Investment Management Inc. bought a new stake in XPO in the third quarter valued at $5,808,000. Finally, Citigroup Inc. increased its stake in XPO by 694.2% in the third quarter. Citigroup Inc. now owns 161,906 shares of the transportation company’s stock valued at $20,930,000 after purchasing an additional 141,521 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Trading Down 0.3%

NYSE:XPO opened at $202.86 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a 50-day moving average of $204.10 and a 200-day moving average of $174.76. The company has a market cap of $23.82 billion, a PE ratio of 69.47, a PEG ratio of 2.38 and a beta of 1.87. XPO, Inc. has a one year low of $110.78 and a one year high of $231.46.

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

Analyst Upgrades and Downgrades

XPO has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of XPO in a research note on Friday, February 6th. Barclays boosted their target price on shares of XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Evercore set a $222.00 target price on shares of XPO in a research report on Friday, May 1st. Benchmark boosted their target price on shares of XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Citigroup boosted their target price on shares of XPO from $207.00 to $221.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $211.24.

XPO Company 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.