Dorsey Wright & Associates Boosts Stake in XPO, Inc. (NYSE:XPO)

Dorsey Wright & Associates increased its holdings in shares of XPO, Inc. (NYSE:XPO) by 2.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,847 shares of the transportation company’s stock after acquiring an additional 443 shares during the period. Dorsey Wright & Associates’ holdings in XPO were worth $1,894,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of XPO. Scientech Research LLC grew its holdings in XPO by 73.4% in the second quarter. Scientech Research LLC now owns 11,943 shares of the transportation company’s stock valued at $1,268,000 after purchasing an additional 5,057 shares during the period. Mackenzie Financial Corp purchased a new position in shares of XPO during the 2nd quarter valued at approximately $585,000. The Manufacturers Life Insurance Company grew its stake in XPO by 73.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 162,985 shares of the transportation company’s stock valued at $17,301,000 after acquiring an additional 68,963 shares during the period. Resources Management Corp CT ADV grew its stake in XPO by 1.9% in the 2nd quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock valued at $805,000 after acquiring an additional 145 shares during the period. Finally, Interval Partners LP increased its holdings in XPO by 30.8% in the 2nd quarter. Interval Partners LP now owns 255,043 shares of the transportation company’s stock worth $27,073,000 after acquiring an additional 60,043 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on XPO shares. Benchmark reaffirmed a “buy” rating and set a $140.00 price objective on shares of XPO in a report on Thursday, September 19th. TD Cowen decreased their price target on shares of XPO from $143.00 to $142.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Evercore ISI cut their price objective on XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Susquehanna raised their target price on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. Finally, Stifel Nicolaus lifted their price target on XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.18.

XPO Price Performance

XPO stock opened at $111.53 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The company has a 50-day moving average price of $113.14 and a 200 day moving average price of $113.10. XPO, Inc. has a 12-month low of $65.80 and a 12-month high of $130.51. The stock has a market cap of $12.98 billion, a P/E ratio of 54.67, a PEG ratio of 1.85 and a beta of 2.11.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. XPO had a net margin of 4.48% and a return on equity of 32.49%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the firm earned $0.71 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. Sell-side analysts anticipate that XPO, Inc. will post 3.59 earnings per share for the current 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.