KLP Kapitalforvaltning AS Makes New Investment in XPO, Inc. (NYSE:XPO)

KLP Kapitalforvaltning AS purchased a new stake in XPO, Inc. (NYSE:XPO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,700 shares of the transportation company’s stock, valued at approximately $3,108,000.

Other large investors have also made changes to their positions in the company. D1 Capital Partners L.P. boosted its stake in XPO by 84.2% during the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after buying an additional 2,153,042 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of XPO during the 4th quarter valued at about $163,938,000. Life Planning Partners Inc grew its holdings in shares of XPO by 12,923.2% in the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock valued at $109,824,000 after purchasing an additional 830,963 shares during the period. Raymond James Financial Inc. acquired a new stake in XPO during the fourth quarter worth about $91,158,000. Finally, The Manufacturers Life Insurance Company raised its stake in XPO by 239.5% during the third quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock worth $59,486,000 after purchasing an additional 390,320 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XPO has been the subject of a number of recent analyst reports. Truist Financial assumed coverage on shares of XPO in a report on Thursday, March 13th. They set a “buy” rating and a $130.00 price target for the company. Jefferies Financial Group raised their target price on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and lifted their target price for the company from $155.00 to $180.00 in a research report on Friday, February 7th. Bank of America lowered their price target on XPO from $170.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Stephens restated an “overweight” rating and issued a $171.00 price objective on shares of XPO in a report on Wednesday, March 5th. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat, XPO has an average rating of “Buy” and a consensus price target of $158.47.

XPO Stock Performance

NYSE:XPO opened at $110.95 on Thursday. XPO, Inc. has a 52 week low of $97.03 and a 52 week high of $161.00. The company has a fifty day simple moving average of $127.10 and a two-hundred day simple moving average of $129.65. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The company has a market cap of $13.01 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO David J. Bates acquired 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the acquisition, the chief operating officer now owns 21,106 shares of the company’s stock, valued at $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

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.