Versant Capital Management Inc Invests $29,000 in XPO, Inc. (NYSE:XPO)

Versant Capital Management Inc bought a new stake in XPO, Inc. (NYSE:XPO) during the fourth quarter, HoldingsChannel reports. The fund bought 218 shares of the transportation company’s stock, valued at approximately $29,000.

A number of other large investors have also added to or reduced their stakes in XPO. D1 Capital Partners L.P. bought a new position in shares of XPO during the 2nd quarter valued at about $271,532,000. The Manufacturers Life Insurance Company grew its position in XPO by 239.5% during the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock valued at $59,486,000 after acquiring an additional 390,320 shares during the last quarter. Holocene Advisors LP raised its stake in shares of XPO by 61.2% during the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock worth $73,529,000 after acquiring an additional 259,727 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of XPO by 11.3% in the 2nd quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after acquiring an additional 253,519 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of XPO by 36.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock valued at $75,131,000 after purchasing an additional 185,686 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on XPO shares. Evercore ISI lowered their price target on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. TD Cowen increased their target price on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Oppenheimer raised their price target on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Citigroup boosted their price objective on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Barclays raised their target price on shares of XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $148.25.

XPO Price Performance

XPO stock opened at $135.26 on Wednesday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. XPO, Inc. has a 1 year low of $80.26 and a 1 year high of $161.00. The firm has a 50-day moving average of $145.28 and a 200 day moving average of $123.41. The company has a market cap of $15.74 billion, a P/E ratio of 43.77, a PEG ratio of 2.37 and a beta of 2.11.

XPO (NYSE:XPO) last announced its earnings results 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. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the company earned $0.88 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts forecast that XPO, Inc. will post 3.62 EPS 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.