XPO, Inc. (NYSE:XPO) Holdings Boosted by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. increased its holdings in shares of XPO, Inc. (NYSE:XPO) by 24.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,213 shares of the transportation company’s stock after purchasing an additional 1,220 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in XPO were worth $815,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of XPO. Bank of Montreal Can lifted its position in shares of XPO by 14.0% in the second quarter. Bank of Montreal Can now owns 22,572 shares of the transportation company’s stock worth $2,464,000 after purchasing an additional 2,772 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of XPO by 73.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 162,985 shares of the transportation company’s stock valued at $17,301,000 after buying an additional 68,963 shares during the period. Mackenzie Financial Corp purchased a new position in shares of XPO during the 2nd quarter valued at $585,000. Algert Global LLC increased its stake in shares of XPO by 46.2% in the second quarter. Algert Global LLC now owns 50,005 shares of the transportation company’s stock worth $5,308,000 after acquiring an additional 15,795 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of XPO by 8.4% during the second quarter. NewEdge Advisors LLC now owns 9,642 shares of the transportation company’s stock worth $1,024,000 after acquiring an additional 749 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Price Performance

Shares of NYSE:XPO opened at $138.50 on Tuesday. The company has a market cap of $16.12 billion, a price-to-earnings ratio of 44.82, a PEG ratio of 1.79 and a beta of 2.11. The business has a 50 day moving average price of $143.49 and a 200 day moving average price of $126.35. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO, Inc. has a twelve month low of $82.78 and a twelve month high of $161.00.

XPO (NYSE:XPO) last posted its quarterly earnings data 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 return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the business earned $0.88 earnings per share. XPO’s revenue for the quarter was up 3.7% compared to the same quarter last year. Research analysts predict that XPO, Inc. will post 3.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. The Goldman Sachs Group boosted their target price on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Evercore ISI lowered their price target on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Benchmark lifted their target price on shares of XPO from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Jefferies Financial Group increased their price target on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, TD Cowen lifted their price objective on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $151.06.

XPO Profile

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.