Commerce Bank Purchases New Stake in XPO, Inc. (NYSE:XPO)

Commerce Bank purchased a new stake in XPO, Inc. (NYSE:XPO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,956 shares of the transportation company’s stock, valued at approximately $210,000.

Several other hedge funds have also recently bought and sold shares of XPO. Fifth Third Wealth Advisors LLC grew its position in XPO by 16.3% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,572 shares of the transportation company’s stock valued at $492,000 after acquiring an additional 640 shares in the last quarter. Whalen Wealth Management Inc. acquired a new stake in XPO in the third quarter valued at approximately $706,000. Vaughan Nelson Investment Management L.P. acquired a new stake in XPO in the third quarter valued at approximately $18,071,000. Natixis Advisors LLC grew its position in XPO by 118.6% in the third quarter. Natixis Advisors LLC now owns 43,016 shares of the transportation company’s stock valued at $4,625,000 after acquiring an additional 23,339 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in XPO by 3.6% in the third quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock valued at $359,000 after acquiring an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analyst Ratings Changes

XPO has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Stephens reissued an “overweight” rating and set a $150.00 price target on shares of XPO in a research report on Thursday, September 5th. TD Cowen raised their price target on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Citigroup raised their price target on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Susquehanna raised their price target on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research report on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, XPO has a consensus rating of “Moderate Buy” and an average price target of $141.13.

XPO Price Performance

Shares of NYSE XPO opened at $150.31 on Thursday. XPO, Inc. has a fifty-two week low of $78.72 and a fifty-two week high of $156.85. The firm’s 50-day simple moving average is $126.23 and its 200 day simple moving average is $115.62. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The stock has a market cap of $17.50 billion, a P/E ratio of 48.64, a P/E/G ratio of 2.28 and a beta of 2.07.

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

XPO Profile

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.