Louisiana State Employees Retirement System Takes $6.62 Million Position in XPO, Inc. $XPO

Louisiana State Employees Retirement System bought a new position in shares of XPO, Inc. (NYSE:XPO) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 34,000 shares of the transportation company’s stock, valued at approximately $6,615,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Durable Capital Partners LP raised its holdings in XPO by 79.3% in the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after acquiring an additional 1,589,759 shares during the period. Norges Bank bought a new stake in shares of XPO during the fourth quarter worth approximately $204,304,000. Bessemer Group Inc. grew its position in shares of XPO by 228,761.0% in the fourth quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock valued at $152,411,000 after purchasing an additional 1,120,929 shares during the last quarter. Invesco Ltd. grew its position in shares of XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after purchasing an additional 1,036,434 shares during the last quarter. Finally, Capital World Investors increased its stake in shares of XPO by 7.3% during the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after purchasing an additional 735,450 shares during the period. Institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup lifted their price target on XPO from $221.00 to $236.00 and gave the stock a “neutral” rating in a report on Monday, June 15th. Jefferies Financial Group upped their price objective on XPO to $275.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Oppenheimer lifted their target price on XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Finally, Morgan Stanley set a $105.00 target price on shares of XPO and gave the company an “underweight” rating in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $218.10.

XPO Trading Up 2.6%

Shares of XPO stock opened at $201.94 on Friday. The stock has a market cap of $23.71 billion, a P/E ratio of 69.16, a price-to-earnings-growth ratio of 2.29 and a beta of 1.83. XPO, Inc. has a 1 year low of $116.68 and a 1 year high of $232.05. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock has a 50 day simple moving average of $212.49 and a 200 day simple moving average of $187.86.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $0.73 EPS. On average, research analysts predict that XPO, Inc. will post 4.85 earnings per share for the current fiscal year.

Insider Activity at XPO

In related news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares of the company’s stock, valued at $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.87% of the company’s stock.

XPO Company Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.