XPO, Inc. (NYSE:XPO) Position Increased by United Services Automobile Association

United Services Automobile Association increased its stake in XPO, Inc. (NYSE:XPO – Get Rating) by 14.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,072 shares of the transportation company’s stock after purchasing an additional 1,518 shares during the period. United Services Automobile Association’s holdings in XPO were worth $537,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Thrivent Financial for Lutherans lifted its holdings in shares of XPO by 0.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 25,951 shares of the transportation company’s stock worth $1,250,000 after purchasing an additional 173 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in shares of XPO by 3.3% in the 1st quarter. Guggenheim Capital LLC now owns 8,254 shares of the transportation company’s stock worth $601,000 after purchasing an additional 263 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of XPO by 48.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 898 shares of the transportation company’s stock worth $40,000 after purchasing an additional 292 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of XPO by 4.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 7,745 shares of the transportation company’s stock worth $345,000 after purchasing an additional 300 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of XPO by 72.3% in the 3rd quarter. Fifth Third Bancorp now owns 741 shares of the transportation company’s stock worth $33,000 after purchasing an additional 311 shares during the last quarter. Institutional investors own 89.57% of the company’s stock.

XPO Stock Performance

Shares of NYSE XPO opened at $32.70 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 2.44. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 5.68, a PEG ratio of 1.45 and a beta of 2.15. The stock’s fifty day simple moving average is $37.27 and its 200 day simple moving average is $40.63. XPO, Inc. has a 52-week low of $24.51 and a 52-week high of $46.84.

XPO (NYSE:XPO – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The transportation company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.16. XPO had a return on equity of 41.62% and a net margin of 5.75%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. XPO’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast that XPO, Inc. will post 2.57 earnings per share for the current fiscal year.

Insider Activity

In other XPO news, Director J Wes Frye purchased 1,500 shares of the stock in a transaction dated Friday, March 10th. The shares were acquired at an average price of $35.74 per share, for a total transaction of $53,610.00. Following the completion of the acquisition, the director now owns 1,500 shares of the company’s stock, valued at approximately $53,610. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. JPMorgan Chase & Co. downgraded XPO from an “overweight” rating to a “neutral” rating and cut their target price for the company from $44.00 to $42.00 in a research note on Wednesday, January 11th. Bank of America downgraded XPO from a “neutral” rating to an “underperform” rating and set a $35.00 target price on the stock. in a research note on Tuesday, January 17th. Stephens reaffirmed an “equal weight” rating and set a $38.00 target price on shares of XPO in a research note on Thursday, February 9th. Citigroup assumed coverage on XPO in a research note on Wednesday, November 30th. They set a “neutral” rating and a $42.00 target price on the stock. Finally, Barclays cut their target price on XPO from $65.00 to $45.00 in a research note on Friday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, XPO has a consensus rating of “Moderate Buy” and an average price target of $50.50.

XPO Profile

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XPO, Inc engages in the provision of freight transportation services. It operates through North American Less-Than-Truckload and European Transportation segments. The North American Less-Than-Truckload segment includes cross-border U.S. service to and from Mexico and Canada, as well as intra-Canada service.