XPO, Inc. $XPO Stock: Retirement Systems of Alabama Raises Holdings

Retirement Systems of Alabama raised its position in XPO, Inc. (NYSE:XPO) by 14.6% during the third quarter, Holdings Channel reports. The firm owned 218,262 shares of the transportation company’s stock after purchasing an additional 27,834 shares during the period. Retirement Systems of Alabama’s holdings in XPO were worth $38,410,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of XPO. BlackRock Inc. bought a new position in shares of XPO during the 2nd quarter worth approximately $2,985,276,000. MFN Partners Management LP bought a new stake in shares of XPO in the 2nd quarter valued at $2,026,148,865. Bessemer Group Inc. increased its stake in shares of XPO by 115.9% in the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock valued at $470,986,000 after acquiring an additional 1,299,480 shares in the last quarter. Findlay Park Partners LLP bought a new stake in shares of XPO in the 2nd quarter valued at $236,104,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of XPO during the 2nd quarter valued at $151,798,000. 97.73% of the stock is owned by institutional investors.

XPO Trading Up 0.2%

Shares of XPO stock opened at $188.34 on Wednesday. The stock has a market capitalization of $21.94 billion, a PE ratio of 44.42, a price-to-earnings-growth ratio of 1.72 and a beta of 1.87. XPO, Inc. has a 52 week low of $124.82 and a 52 week high of $232.05. The stock has a 50 day moving average price of $182.81 and a two-hundred day moving average price of $197.44. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.99 and a current ratio of 0.99.

XPO (NYSE:XPO) last issued its earnings results on Thursday, October 29th. The transportation company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.12. XPO had a return on equity of 32.80% and a net margin of 5.69%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period in the prior year, the firm earned $1.07 earnings per share. XPO’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, equities analysts anticipate that XPO, Inc. will post 5.77 earnings per share for the current fiscal year.

Insider Buying and Selling at XPO

In other XPO news, CFO Kyle Wismans sold 750 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $191.62, for a total transaction of $143,715.00. Following the completion of the sale, the chief financial officer owned 47,216 shares in the company, valued at approximately $9,047,529.92. The trade was a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO David J. Bates sold 2,615 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $194.08, for a total transaction of $507,519.20. Following the transaction, the chief operating officer owned 59,505 shares in the company, valued at approximately $11,548,730.40. The trade was a 4.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 10,095 shares of company stock valued at $1,851,171. 0.87% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XPO. Stifel Nicolaus set a $235.00 target price on shares of XPO in a research note on Friday, October 30th. Citigroup raised their price target on shares of XPO from $224.00 to $229.00 and gave the stock a “buy” rating in a report on Friday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of XPO from $205.00 to $207.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Stephens upped their price objective on shares of XPO from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $221.45.

XPO Company Profile

XPO Inc. is a transportation company focused on less-than-truckload (LTL) shipping in North America. Its network combines freight from multiple customers into shared truckloads, serving businesses that need to ship goods too large for parcel delivery but not large enough to fill an entire trailer. The company provides pickup and delivery, linehaul transportation between service centers, and related freight-handling services. Its operations primarily serve customers in the United States, with cross-border coverage in Canada and Mexico.