XPO, Inc. (NYSE:XPO) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in shares of XPO, Inc. (NYSE:XPO) by 30.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,979 shares of the transportation company’s stock after purchasing an additional 1,168 shares during the period. Quantinno Capital Management LP’s holdings in XPO were worth $535,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of XPO. ORG Wealth Partners LLC acquired a new stake in XPO in the third quarter worth approximately $25,000. Blue Trust Inc. raised its stake in shares of XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after buying an additional 258 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of XPO in the second quarter valued at $28,000. International Assets Investment Management LLC bought a new position in XPO during the second quarter valued at about $36,000. Finally, UMB Bank n.a. grew its holdings in XPO by 356.6% during the third quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock worth $49,000 after acquiring an additional 353 shares during the period. 97.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group upped their price target on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a report on Thursday. Evercore ISI reduced their target price on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Benchmark restated a “buy” rating and issued a $140.00 price target on shares of XPO in a research report on Thursday, September 19th. Barclays increased their price objective on XPO from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, Oppenheimer raised their price objective on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and an average price target of $147.31.

XPO Price Performance

Shares of XPO opened at $156.30 on Friday. The business’s 50-day moving average is $136.67 and its 200-day moving average is $119.37. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $18.19 billion, a price-to-earnings ratio of 50.58, a P/E/G ratio of 2.40 and a beta of 2.08. XPO, Inc. has a fifty-two week low of $80.26 and a fifty-two week high of $159.43.

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

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.