Handelsbanken Fonder AB Grows Stock Position in XPO, Inc. (NYSE:XPO)

Handelsbanken Fonder AB increased its holdings in shares of XPO, Inc. (NYSE:XPO) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,200 shares of the transportation company’s stock after buying an additional 1,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in XPO were worth $4,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. D1 Capital Partners L.P. increased its stake in XPO by 84.2% during the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after acquiring an additional 2,153,042 shares during the last quarter. State Street Corp grew its stake in shares of XPO by 1.1% in the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock valued at $373,903,000 after buying an additional 37,486 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of XPO by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock valued at $165,299,000 after buying an additional 10,318 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of XPO in the fourth quarter valued at about $163,938,000. Finally, Life Planning Partners Inc grew its stake in shares of XPO by 12,923.2% in the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock valued at $109,824,000 after buying an additional 830,963 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on XPO. UBS Group increased their target price on XPO from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Wells Fargo & Company reduced their price target on XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Susquehanna raised XPO from a “neutral” rating to a “positive” rating and increased their price target for the company from $155.00 to $180.00 in a report on Friday, February 7th. TD Cowen increased their price target on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Raymond James reduced their price target on XPO from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, February 7th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $161.13.

XPO Trading Down 5.8 %

NYSE:XPO opened at $124.70 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The business’s 50 day moving average is $138.54 and its two-hundred day moving average is $130.13. XPO, Inc. has a 52 week low of $97.03 and a 52 week high of $161.00. The company has a market cap of $14.62 billion, a PE ratio of 38.61, a P/E/G ratio of 1.79 and a beta of 2.12.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

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.