Public Employees Retirement Association of Colorado Has $1.30 Million Stock Position in XPO, Inc. (NYSE:XPO)

Public Employees Retirement Association of Colorado lessened its holdings in shares of XPO, Inc. (NYSE:XPO) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,250 shares of the transportation company’s stock after selling 214 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in XPO were worth $1,300,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XPO. Capital Research Global Investors lifted its position in XPO by 49.9% in the 4th quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company’s stock valued at $813,824,000 after acquiring an additional 3,094,390 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of XPO by 33.4% during the first quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock worth $272,699,000 after buying an additional 560,079 shares during the period. Capital World Investors boosted its position in shares of XPO by 13.1% during the fourth quarter. Capital World Investors now owns 4,349,181 shares of the transportation company’s stock worth $380,945,000 after buying an additional 503,388 shares during the period. Balyasny Asset Management L.P. lifted its stake in XPO by 44.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,515,529 shares of the transportation company’s stock valued at $132,745,000 after acquiring an additional 463,267 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new position in shares of XPO during the 4th quarter worth approximately $24,665,000. 97.73% of the stock is currently owned by institutional investors.

XPO Trading Up 1.8 %

Shares of NYSE:XPO opened at $115.13 on Wednesday. The business’s 50 day simple moving average is $113.14 and its 200 day simple moving average is $113.11. XPO, Inc. has a 1 year low of $65.80 and a 1 year high of $130.51. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $13.39 billion, a P/E ratio of 56.44, a P/E/G ratio of 1.76 and a beta of 2.11.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. XPO had a return on equity of 32.49% and a net margin of 4.48%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter last year, the business earned $0.71 earnings per share. XPO’s revenue was up 8.5% on a year-over-year basis. On average, research analysts anticipate that XPO, Inc. will post 3.6 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Raymond James decreased their target price on shares of XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, June 24th. JPMorgan Chase & Co. dropped their target price on XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Friday, September 6th. Evercore ISI decreased their price target on XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Susquehanna upped their price objective on XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th. Finally, TD Cowen decreased their target price on shares of XPO from $143.00 to $142.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.18.

XPO Company 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.