XPO, Inc. (NYSE:XPO) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in XPO, Inc. (NYSE:XPO) by 36.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 698,831 shares of the transportation company’s stock after acquiring an additional 185,686 shares during the period. JPMorgan Chase & Co.’s holdings in XPO were worth $75,131,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Stifel Financial Corp lifted its stake in shares of XPO by 159.1% during the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after buying an additional 43,237 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of XPO in the third quarter valued at $534,000. Traynor Capital Management Inc. increased its stake in XPO by 125.2% in the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock valued at $2,596,000 after purchasing an additional 13,422 shares during the last quarter. PCJ Investment Counsel Ltd. lifted its position in XPO by 36.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock worth $4,344,000 after buying an additional 10,740 shares during the period. Finally, Whalen Wealth Management Inc. purchased a new stake in XPO in the 3rd quarter valued at about $706,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Stock Performance

XPO stock opened at $138.46 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. The stock has a 50 day moving average of $144.56 and a 200-day moving average of $122.67. The stock has a market cap of $16.12 billion, a P/E ratio of 44.81, a price-to-earnings-growth ratio of 2.37 and a beta of 2.08. XPO, Inc. has a 52 week low of $80.26 and a 52 week high of $161.00.

XPO (NYSE:XPO) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $0.88 EPS. On average, analysts expect that XPO, Inc. will post 3.62 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on XPO shares. The Goldman Sachs Group boosted their target price on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Evercore ISI lowered their price target on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Stephens reaffirmed an “overweight” rating and issued a $165.00 price objective on shares of XPO in a research note on Wednesday, December 4th. Benchmark restated a “buy” rating and issued a $140.00 price target on shares of XPO in a report on Thursday, September 19th. Finally, Stifel Nicolaus increased their price objective on shares of XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, XPO presently has an average rating of “Moderate Buy” and a consensus price target of $147.31.

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.