TD Asset Management Inc Invests $984,000 in XPO, Inc. (NYSE:XPO)

TD Asset Management Inc bought a new position in shares of XPO, Inc. (NYSE:XPO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,268 shares of the transportation company’s stock, valued at approximately $984,000.

Other hedge funds have also modified their holdings of the company. Mather Group LLC. acquired a new stake in XPO during the 1st quarter worth about $27,000. 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 acquiring an additional 258 shares during the period. Riverview Trust Co purchased a new stake in shares of XPO in the 1st quarter valued at approximately $31,000. ORG Partners LLC purchased a new stake in shares of XPO in the 1st quarter valued at approximately $36,000. Finally, International Assets Investment Management LLC acquired a new position in XPO in the 2nd quarter worth approximately $36,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Trading Up 2.0 %

Shares of NYSE:XPO opened at $109.50 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 stock has a market capitalization of $12.74 billion, a PE ratio of 53.68, a P/E/G ratio of 1.65 and a beta of 2.11. XPO, Inc. has a 1 year low of $65.80 and a 1 year high of $130.51. The firm has a fifty day moving average price of $112.41 and a 200 day moving average price of $113.65.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Analysts expect that XPO, Inc. will post 3.6 EPS for the current fiscal year.

Analyst Ratings Changes

XPO has been the topic of several recent analyst reports. TD Cowen cut their target price 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. Susquehanna dropped their price target on XPO from $160.00 to $145.00 and set a “positive” rating on the stock in a research report on Wednesday, June 12th. Stephens restated an “overweight” rating and set a $150.00 price objective on shares of XPO in a research report on Thursday, September 5th. Evercore ISI lowered their target price on XPO from $144.00 to $124.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Finally, Wells Fargo & Company reduced their price target on shares of XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Two research 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.29.

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.