XPO, Inc. (NYSE:XPO) Shares Purchased by KBC Group NV

KBC Group NV grew its position in shares of XPO, Inc. (NYSE:XPO) by 7.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,109 shares of the transportation company’s stock after acquiring an additional 211 shares during the quarter. KBC Group NV’s holdings in XPO were worth $334,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of XPO. Huntington National Bank increased its position in XPO by 5.3% during the 3rd quarter. Huntington National Bank now owns 4,278 shares of the transportation company’s stock worth $460,000 after purchasing an additional 215 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of XPO by 17.2% in the third quarter. Oppenheimer & Co. Inc. now owns 76,231 shares of the transportation company’s stock worth $8,196,000 after acquiring an additional 11,180 shares in the last quarter. Jag Capital Management LLC raised its stake in shares of XPO by 3,637.9% in the 3rd quarter. Jag Capital Management LLC now owns 90,457 shares of the transportation company’s stock valued at $9,725,000 after acquiring an additional 88,037 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of XPO by 12.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 8,471 shares of the transportation company’s stock valued at $910,000 after acquiring an additional 959 shares in the last quarter. Finally, Baker Avenue Asset Management LP boosted its position in XPO by 2.5% during the 3rd quarter. Baker Avenue Asset Management LP now owns 19,782 shares of the transportation company’s stock worth $2,127,000 after purchasing an additional 477 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Price Performance

Shares of XPO opened at $145.77 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. The firm has a market cap of $16.97 billion, a price-to-earnings ratio of 47.17, a PEG ratio of 2.19 and a beta of 2.07. XPO, Inc. has a 52 week low of $78.72 and a 52 week high of $156.85. The stock has a 50 day moving average of $120.40 and a 200-day moving average of $113.82.

XPO (NYSE:XPO) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, analysts forecast that XPO, Inc. will post 3.62 EPS for the current year.

Wall Street Analyst Weigh In

XPO has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research note on Friday, September 6th. Wells Fargo & Company boosted their price target on XPO from $119.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Barclays increased their price objective on shares of XPO from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. TD Cowen boosted their target price on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Evercore ISI lowered their price target on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, XPO currently has an average rating of “Moderate Buy” and a consensus target price of $141.13.

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.