US Bancorp DE Buys 5,240 Shares of XPO, Inc. (NYSE:XPO)

US Bancorp DE raised its stake in shares of XPO, Inc. (NYSE:XPO) by 30.6% in the 4th quarter, Holdings Channel reports. The firm owned 22,382 shares of the transportation company’s stock after acquiring an additional 5,240 shares during the period. US Bancorp DE’s holdings in XPO were worth $2,935,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in XPO. Versant Capital Management Inc bought a new position in shares of XPO during the 4th quarter valued at about $29,000. Brooklyn Investment Group bought a new position in shares of XPO in the 3rd quarter valued at about $57,000. UMB Bank n.a. lifted its holdings in shares of XPO by 19.0% in the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 86 shares during the last quarter. Continuum Advisory LLC lifted its holdings in shares of XPO by 51.3% in the 3rd quarter. Continuum Advisory LLC now owns 900 shares of the transportation company’s stock valued at $97,000 after acquiring an additional 305 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of XPO in the 3rd quarter valued at about $108,000. Institutional investors own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

XPO has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Vertical Research raised shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Thursday. Susquehanna raised shares of XPO from a “neutral” rating to a “positive” rating and increased their price target for the company from $155.00 to $180.00 in a report on Friday, February 7th. Benchmark increased their price target on shares of XPO from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Stephens reissued an “overweight” rating and issued a $171.00 price objective on shares of XPO in a research report on Wednesday. Seventeen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $161.18.

XPO Stock Performance

Shares of NYSE:XPO opened at $110.89 on Friday. The firm has a market cap of $13.00 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 1.79 and a beta of 2.12. The firm’s 50 day simple moving average is $134.36 and its 200-day simple moving average is $130.24. XPO, Inc. has a one year low of $97.03 and a one year high of $161.00. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. As a group, equities analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

XPO Company 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.