CIBC Asset Management Inc Acquires 116 Shares of XPO, Inc. (NYSE:XPO)

CIBC Asset Management Inc increased its stake in XPO, Inc. (NYSE:XPO) by 3.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,343 shares of the transportation company’s stock after purchasing an additional 116 shares during the quarter. CIBC Asset Management Inc’s holdings in XPO were worth $359,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in XPO during the third quarter valued at about $25,000. Blue Trust Inc. boosted its holdings in shares of XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 258 shares during the last quarter. Quest Partners LLC purchased a new position in shares of XPO during the second quarter valued at about $28,000. International Assets Investment Management LLC bought a new stake in shares of XPO in the second quarter worth about $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of XPO in the second quarter worth about $37,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Trading Up 2.2 %

NYSE XPO opened at $149.77 on Friday. The company’s 50-day simple moving average is $122.16 and its two-hundred day simple moving average is $114.28. XPO, Inc. has a one year low of $78.72 and a one year high of $156.85. The company has a market capitalization of $17.43 billion, a price-to-earnings ratio of 47.42, a price-to-earnings-growth ratio of 2.19 and a beta of 2.07. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the business earned $0.88 earnings per share. XPO’s revenue was up 3.7% on a year-over-year basis. Equities analysts forecast that XPO, Inc. will post 3.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on XPO shares. Stephens reaffirmed an “overweight” rating and issued a $150.00 price objective on shares of XPO in a research note on Thursday, September 5th. Susquehanna increased their price target on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Oppenheimer reaffirmed an “outperform” rating and set a $140.00 price objective on shares of XPO in a research note on Friday, October 4th. Stifel Nicolaus boosted their price objective on shares of XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. lowered their target price on shares of XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a report on Friday, September 6th. Two research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $141.13.

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.