Massachusetts Financial Services Co. MA Boosts Stake in XPO, Inc. (NYSE:XPO)

Massachusetts Financial Services Co. MA raised its holdings in shares of XPO, Inc. (NYSE:XPO) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,537,526 shares of the transportation company’s stock after buying an additional 10,318 shares during the period. Massachusetts Financial Services Co. MA owned about 1.32% of XPO worth $165,299,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Traynor Capital Management Inc. increased its stake in XPO by 125.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after buying an additional 13,422 shares during the period. PCJ Investment Counsel Ltd. increased its position in shares of XPO by 36.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock worth $4,344,000 after acquiring an additional 10,740 shares during the period. Whalen Wealth Management Inc. bought a new stake in shares of XPO during the third quarter valued at approximately $706,000. Westwood Holdings Group Inc. boosted its holdings in shares of XPO by 38.6% in the second quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company’s stock valued at $21,782,000 after purchasing an additional 57,192 shares during the period. Finally, Hsbc Holdings PLC grew its stake in XPO by 595.5% in the second quarter. Hsbc Holdings PLC now owns 25,565 shares of the transportation company’s stock worth $2,718,000 after purchasing an additional 21,889 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on XPO shares. TD Cowen upped their target price on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Citigroup raised their target price on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Stifel Nicolaus increased their price objective on shares of XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Wells Fargo & Company lifted their price objective on shares of XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Stephens reaffirmed an “overweight” rating and set a $150.00 target price on shares of XPO in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.13.

XPO Price Performance

Shares of XPO stock opened at $148.97 on Friday. XPO, Inc. has a fifty-two week low of $78.72 and a fifty-two week high of $156.85. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $17.34 billion, a price-to-earnings ratio of 48.21, a PEG ratio of 2.25 and a beta of 2.07. The stock’s 50-day simple moving average is $123.80 and its 200-day simple moving average is $114.80.

XPO (NYSE:XPO) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the business posted $0.88 EPS. XPO’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts forecast that XPO, Inc. will post 3.62 earnings per share for the current fiscal 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.