XPO, Inc. (NYSE:XPO) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of XPO, Inc. (NYSE:XPO) by 14.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,329 shares of the transportation company’s stock after purchasing an additional 3,795 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in XPO were worth $3,846,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of XPO. D1 Capital Partners L.P. lifted its holdings in shares of 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 purchasing an additional 2,153,042 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in XPO in the fourth quarter valued at $163,938,000. Life Planning Partners Inc lifted its holdings in 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 acquiring an additional 830,963 shares during the period. Raymond James Financial Inc. acquired a new stake in XPO in the fourth quarter valued at $91,158,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in XPO by 239.5% in the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock valued at $59,486,000 after acquiring an additional 390,320 shares during the period. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Performance

NYSE XPO opened at $107.19 on Friday. The firm has a market capitalization of $12.57 billion, a P/E ratio of 33.18, a P/E/G ratio of 1.79 and a beta of 2.13. XPO, Inc. has a 1-year low of $97.03 and a 1-year high of $161.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50-day simple moving average is $131.28 and its 200-day simple moving average is $129.72.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 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%. Equities analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wells Fargo & Company reduced their target price on XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Oppenheimer raised their price target on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. UBS Group raised their price target on XPO from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Raymond James dropped their price target on XPO from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Finally, The Goldman Sachs Group raised their price target on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $158.47.

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.