XPO, Inc. (NYSE:XPO) Shares Purchased by KBC Group NV

KBC Group NV grew its position in shares of XPO, Inc. (NYSE:XPO) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,109 shares of the transportation company’s stock after acquiring an additional 211 shares during the quarter. KBC Group NV’s holdings in XPO were worth $334,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of XPO. ORG Wealth Partners LLC acquired a new position in XPO during the 3rd quarter valued at about $25,000. Blue Trust Inc. raised its holdings in shares of XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after buying an additional 258 shares during the last quarter. Quest Partners LLC acquired a new position in shares of XPO during the second quarter worth approximately $28,000. International Assets Investment Management LLC acquired a new position in shares of XPO during the second quarter worth approximately $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in XPO in the 2nd quarter worth approximately $37,000. Institutional investors own 97.73% of the company’s stock.

XPO Stock Up 0.9 %

Shares of XPO stock opened at $145.77 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO, Inc. has a 12-month low of $78.72 and a 12-month high of $156.85. The firm has a market capitalization of $16.97 billion, a PE ratio of 47.17, a price-to-earnings-growth ratio of 2.19 and a beta of 2.07. The stock’s fifty day moving average is $120.40 and its 200-day moving average is $113.82.

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

Analyst Ratings Changes

A number of research analysts have issued reports on XPO shares. Stephens reiterated an “overweight” rating and set a $150.00 price target on shares of XPO in a research report on Thursday, September 5th. Stifel Nicolaus increased their target price on shares of XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Evercore ISI dropped their price target on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Oppenheimer reiterated an “outperform” rating and issued a $140.00 price objective on shares of XPO in a report on Friday, October 4th. Finally, Benchmark reiterated a “buy” rating and set a $140.00 price objective on shares of XPO in a research note on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $141.13.

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.