Canada Pension Plan Investment Board Sells 4,300 Shares of XPO, Inc. (NYSE:XPO)

Canada Pension Plan Investment Board lessened its position in XPO, Inc. (NYSE:XPO) by 26.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,000 shares of the transportation company’s stock after selling 4,300 shares during the period. Canada Pension Plan Investment Board’s holdings in XPO were worth $1,274,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of XPO. CenterBook Partners LP acquired a new position in XPO during the fourth quarter worth approximately $779,000. Janney Montgomery Scott LLC increased its holdings in shares of XPO by 4.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock worth $5,364,000 after acquiring an additional 1,712 shares during the last quarter. Empirical Capital Management LLC bought a new stake in XPO in the 4th quarter valued at $4,380,000. Boulder Hill Capital Management LP acquired a new stake in XPO during the 4th quarter valued at $692,000. Finally, Capital Research Global Investors boosted its position in XPO by 49.9% during the fourth quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company’s stock worth $813,824,000 after purchasing an additional 3,094,390 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Performance

Shares of XPO stock opened at $111.53 on Friday. The company has a 50 day moving average of $113.14 and a 200-day moving average of $113.10. The company has a market cap of $12.98 billion, a PE ratio of 54.67, a price-to-earnings-growth ratio of 1.85 and a beta of 2.11. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO, Inc. has a 1-year low of $65.80 and a 1-year high of $130.51.

XPO (NYSE:XPO) last issued its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. XPO had a return on equity of 32.49% and a net margin of 4.48%. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the business posted $0.71 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. As a group, equities research analysts forecast that XPO, Inc. will post 3.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on XPO shares. Stephens restated an “overweight” rating and set a $150.00 target price on shares of XPO in a research note on Thursday, September 5th. Evercore ISI reduced their price objective on XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Stifel Nicolaus upped their target price on XPO from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, August 5th. TD Cowen dropped their price target on XPO from $143.00 to $142.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, Benchmark reaffirmed a “buy” rating and issued a $140.00 price objective on shares of XPO in a report on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.18.

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.