First Eagle Investment Management LLC Buys 100 Shares of XPO, Inc. (NYSE:XPO)

First Eagle Investment Management LLC increased its stake in shares of XPO, Inc. (NYSE:XPO) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,957 shares of the transportation company’s stock after purchasing an additional 100 shares during the quarter. First Eagle Investment Management LLC’s holdings in XPO were worth $1,044,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of XPO. Stifel Financial Corp boosted its position in XPO by 159.1% in the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after buying an additional 43,237 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in XPO in the third quarter worth about $534,000. Exchange Traded Concepts LLC bought a new stake in XPO during the 4th quarter worth about $423,000. PCJ Investment Counsel Ltd. raised its holdings in XPO by 36.2% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock worth $4,344,000 after purchasing an additional 10,740 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in XPO by 36.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock valued at $75,131,000 after purchasing an additional 185,686 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Stock Up 1.0 %

XPO stock opened at $107.19 on Monday. 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 stock 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 fifty-two week low of $97.03 and a fifty-two week high of $161.00. The business has a 50-day moving average of $131.28 and a 200-day moving average of $129.80.

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

Wall Street Analyst Weigh In

XPO has been the subject of several analyst reports. Oppenheimer lifted their price target on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Stephens reiterated an “overweight” rating and set a $171.00 target price on shares of XPO in a research report on Wednesday, March 5th. Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and raised their price target for the stock from $155.00 to $180.00 in a research report on Friday, February 7th. Vertical Research upgraded XPO from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a report on Thursday, March 6th. Finally, Raymond James decreased their target price on XPO from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $158.47.

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.