XPO, Inc. (NYSE:XPO) Stock Holdings Lifted by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. raised its position in XPO, Inc. (NYSE:XPOGet Rating) by 87.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,731 shares of the transportation company’s stock after purchasing an additional 20,874 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in XPO were worth $1,991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue grew its stake in XPO by 12.5% in the third quarter. State of Alaska Department of Revenue now owns 15,973 shares of the transportation company’s stock valued at $711,000 after purchasing an additional 1,775 shares in the last quarter. SummerHaven Investment Management LLC bought a new stake in shares of XPO during the 3rd quarter worth about $694,000. Louisiana State Employees Retirement System bought a new stake in shares of XPO during the 3rd quarter worth about $1,362,000. New Mexico Educational Retirement Board boosted its stake in shares of XPO by 15.5% during the 3rd quarter. New Mexico Educational Retirement Board now owns 17,900 shares of the transportation company’s stock worth $797,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of XPO by 19.3% during the 3rd quarter. Pacer Advisors Inc. now owns 3,826 shares of the transportation company’s stock worth $170,000 after acquiring an additional 620 shares in the last quarter. Hedge funds and other institutional investors own 89.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded XPO from a “buy” rating to a “hold” rating and decreased their price target for the stock from $78.00 to $50.00 in a research note on Monday, October 17th. Raymond James decreased their price target on XPO from $70.00 to $46.00 in a research note on Monday, December 5th. Citigroup started coverage on XPO in a research note on Wednesday, November 30th. They set a “neutral” rating and a $42.00 target price for the company. Oppenheimer decreased their target price on XPO from $87.00 to $45.00 in a research note on Tuesday, November 22nd. Finally, Cowen decreased their target price on XPO from $87.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, October 19th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.33.

XPO Trading Up 5.8 %

Shares of XPO opened at $35.99 on Friday. XPO, Inc. has a 1 year low of $24.51 and a 1 year high of $46.84. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.59. The stock has a 50 day simple moving average of $36.22 and a 200-day simple moving average of $45.95. The stock has a market cap of $4.14 billion, a PE ratio of 4.72, a PEG ratio of 1.19 and a beta of 2.05.

XPO (NYSE:XPOGet Rating) last issued its earnings results on Monday, October 31st. The transportation company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.10 billion. XPO had a return on equity of 43.47% and a net margin of 6.73%. XPO’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS. On average, sell-side analysts predict that XPO, Inc. will post 3.38 EPS for the current fiscal year.

XPO Profile

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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 Brokerage and Other Services. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite regional, inter-regional, and transcontinental LTL freight services.

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Institutional Ownership by Quarter for XPO (NYSE:XPO)

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