Raymond James Financial Inc. Buys New Position in XPO, Inc. (NYSE:XPO)

Raymond James Financial Inc. bought a new stake in XPO, Inc. (NYSE:XPO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 695,063 shares of the transportation company’s stock, valued at approximately $91,158,000. Raymond James Financial Inc. owned about 0.60% of XPO at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in XPO. D1 Capital Partners L.P. boosted its holdings in XPO by 84.2% in the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after acquiring an additional 2,153,042 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of XPO during the 4th quarter worth approximately $163,938,000. Life Planning Partners Inc boosted its holdings in shares of XPO by 12,923.2% during the 4th quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock worth $109,824,000 after buying an additional 830,963 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of XPO by 239.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock worth $59,486,000 after buying an additional 390,320 shares in the last quarter. Finally, Holocene Advisors LP boosted its holdings in shares of XPO by 61.2% during the 3rd quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock worth $73,529,000 after buying an additional 259,727 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Raymond James cut their price target on XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, February 7th. Oppenheimer increased their price target on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Stephens restated an “overweight” rating and set a $171.00 price target on shares of XPO in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft initiated coverage on XPO in a research report on Friday. They set a “buy” rating and a $156.00 target price on the stock. Finally, Citigroup upped their target price on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Eighteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, XPO presently has an average rating of “Buy” and a consensus price target of $160.89.

XPO Trading Down 2.7 %

Shares of XPO stock opened at $108.07 on Monday. XPO, Inc. has a 1 year low of $97.03 and a 1 year high of $161.00. The firm has a market cap of $12.67 billion, a PE ratio of 33.46, a P/E/G ratio of 1.79 and a beta of 2.13. The stock has a fifty day moving average price of $133.88 and a 200-day moving average price of $130.30. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating 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 research analysts anticipate that XPO, Inc. will post 4.15 EPS 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.