XPO, Inc. (NYSE:XPO) Shares Bought by Arizona State Retirement System

Arizona State Retirement System grew its holdings in shares of XPO, Inc. (NYSE:XPO) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,780 shares of the transportation company’s stock after purchasing an additional 283 shares during the period. Arizona State Retirement System’s holdings in XPO were worth $4,430,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. D1 Capital Partners L.P. increased its holdings in shares of XPO by 84.2% in the 3rd 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 period. State Street Corp increased its holdings in shares of XPO by 1.1% in the 3rd quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock worth $373,903,000 after acquiring an additional 37,486 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of XPO by 0.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock worth $165,299,000 after acquiring an additional 10,318 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of XPO in the 4th quarter worth about $163,938,000. Finally, Life Planning Partners Inc increased its holdings in shares of XPO by 12,923.2% in the 4th quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock worth $109,824,000 after acquiring an additional 830,963 shares during the period. 97.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XPO has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Barclays dropped their price objective on shares of XPO from $170.00 to $165.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Stephens reissued an “overweight” rating and set a $171.00 target price on shares of XPO in a research note on Wednesday. Stifel Nicolaus raised shares of XPO from a “hold” rating to a “buy” rating and set a $147.00 target price on the stock in a research note on Monday, February 24th. Finally, The Goldman Sachs Group raised their target price on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Eighteen research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $160.89.

XPO Stock Performance

Shares of XPO opened at $108.07 on Friday. The company has a 50-day moving average of $133.88 and a two-hundred day moving average of $130.24. 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 cap of $12.67 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 1.79 and a beta of 2.13. XPO, Inc. has a one year low of $97.03 and a one year high of $161.00.

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