Intech Investment Management LLC Acquires Shares of 30,657 XPO, Inc. (NYSE:XPO)

Intech Investment Management LLC bought a new position in shares of XPO, Inc. (NYSE:XPO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 30,657 shares of the transportation company’s stock, valued at approximately $3,254,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in XPO. Mather Group LLC. acquired a new stake in XPO during the first quarter worth approximately $27,000. Riverview Trust Co acquired a new stake in XPO during the 1st quarter worth approximately $31,000. Blue Trust Inc. boosted its stake in XPO by 25,800.0% in 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 period. Quest Partners LLC acquired a new position in XPO in the 2nd quarter valued at $28,000. Finally, ORG Partners LLC bought a new position in XPO during the 1st quarter worth $36,000. 97.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. TD Cowen dropped their price objective on XPO from $143.00 to $142.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Evercore ISI cut their price objective on shares of XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Raymond James decreased their target price on shares of XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, June 24th. Susquehanna upped their price target on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. Finally, Stephens reissued an “overweight” rating and issued a $150.00 price objective on shares of XPO in a research note on Thursday, September 5th. Two analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $130.18.

XPO Stock Performance

XPO stock opened at $112.50 on Monday. The business has a 50 day moving average of $113.22 and a 200-day moving average of $113.26. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. XPO, Inc. has a 1 year low of $65.80 and a 1 year high of $130.51. The company has a market capitalization of $13.09 billion, a P/E ratio of 55.15, a P/E/G ratio of 1.76 and a beta of 2.11.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.11. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. On average, equities research analysts predict that XPO, Inc. will post 3.6 earnings per share 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.