Grandview Asset Management LLC Has $398,000 Holdings in XPO, Inc. (NYSE:XPO)

Grandview Asset Management LLC boosted its position in XPO, Inc. (NYSE:XPO) by 39.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,702 shares of the transportation company’s stock after acquiring an additional 1,038 shares during the quarter. Grandview Asset Management LLC’s holdings in XPO were worth $398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue grew its stake in XPO by 3.4% in the 1st quarter. State of Alaska Department of Revenue now owns 13,729 shares of the transportation company’s stock valued at $1,476,000 after buying an additional 455 shares during the last quarter. QRG Capital Management Inc. grew its stake in XPO by 12.9% in the 1st quarter. QRG Capital Management Inc. now owns 4,245 shares of the transportation company’s stock valued at $457,000 after buying an additional 485 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in XPO in the 1st quarter worth $247,000. Brighton Jones LLC acquired a new stake in XPO in the 1st quarter worth $361,000. Finally, Fifth Third Bancorp grew its position in XPO by 15.4% in the 1st quarter. Fifth Third Bancorp now owns 1,196 shares of the transportation company’s stock worth $129,000 after purchasing an additional 160 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Trading Down 2.3%

Shares of NYSE XPO opened at $119.79 on Wednesday. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The company has a market cap of $14.11 billion, a PE ratio of 36.86, a P/E/G ratio of 2.30 and a beta of 1.92. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. The company has a 50-day moving average of $111.69 and a two-hundred day moving average of $123.41.

XPO (NYSE:XPO) last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. XPO had a net margin of 4.87% and a return on equity of 28.27%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. As a group, equities analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO announced that its Board of Directors has approved a stock repurchase program on Thursday, March 27th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to buy up to 5.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have issued reports on XPO shares. Evercore ISI raised their price target on shares of XPO from $115.00 to $116.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Barclays raised their price target on shares of XPO from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, June 9th. UBS Group raised their price target on shares of XPO from $108.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Truist Financial decreased their price target on shares of XPO from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Finally, Stephens restated an “overweight” rating and issued a $131.00 price target on shares of XPO in a research report on Thursday, June 5th. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, XPO presently has an average rating of “Buy” and a consensus target price of $134.89.

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.