Allspring Global Investments Holdings LLC Acquires 1,045 Shares of XPO, Inc. (NYSE:XPO)

Allspring Global Investments Holdings LLC grew its holdings in XPO, Inc. (NYSE:XPO – Get Rating) by 7.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,770 shares of the transportation company’s stock after buying an additional 1,045 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in XPO were worth $702,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of XPO. MFN Partners Management LP raised its holdings in shares of XPO by 54.4% in the 2nd quarter. MFN Partners Management LP now owns 11,119,850 shares of the transportation company’s stock valued at $535,532,000 after purchasing an additional 3,919,481 shares in the last quarter. FMR LLC raised its stake in shares of XPO by 59.9% during the 2nd quarter. FMR LLC now owns 4,680,699 shares of the transportation company’s stock worth $225,423,000 after acquiring an additional 1,752,917 shares in the last quarter. BlackRock Inc. raised its stake in shares of XPO by 9.9% during the 1st quarter. BlackRock Inc. now owns 10,049,511 shares of the transportation company’s stock worth $731,604,000 after acquiring an additional 906,295 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of XPO by 296.3% during the 2nd quarter. AQR Capital Management LLC now owns 868,846 shares of the transportation company’s stock worth $40,306,000 after acquiring an additional 649,614 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of XPO by 29.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,504,206 shares of the transportation company’s stock worth $120,602,000 after acquiring an additional 574,220 shares in the last quarter. Institutional investors own 89.57% of the company’s stock.

XPO Trading Up 2.6 %

Shares of XPO stock opened at $37.75 on Monday. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $4.35 billion, a PE ratio of 4.95, a price-to-earnings-growth ratio of 1.38 and a beta of 2.05. The company has a 50-day moving average of $36.40 and a two-hundred day moving average of $45.18. XPO, Inc. has a 1-year low of $24.51 and a 1-year high of $46.84.

XPO (NYSE:XPO – Get Rating) last announced its earnings results on Monday, October 31st. The transportation company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.10. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.10 billion. XPO had a net margin of 6.73% and a return on equity of 43.47%. XPO’s revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 earnings per share. On average, analysts predict that XPO, Inc. will post 3.39 EPS for the current year.

Wall Street Analyst Weigh In

XPO has been the subject of several recent analyst reports. Cowen reduced their price objective on shares of XPO from $87.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, October 19th. Cowen reduced their price objective on shares of XPO from $59.00 to $50.00 in a research report on Friday, December 16th. UBS Group reduced their price objective on shares of XPO from $79.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, October 19th. The Goldman Sachs Group reduced their price objective on shares of XPO from $81.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, November 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of XPO from $96.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, October 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, XPO has a consensus rating of “Moderate Buy” and an average price target of $59.81.

About XPO

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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.