Handelsbanken Fonder AB Buys 5,300 Shares of XPO, Inc. (NYSE:XPO)

Handelsbanken Fonder AB lifted its stake in shares of XPO, Inc. (NYSE:XPO) by 21.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,300 shares of the transportation company’s stock after purchasing an additional 5,300 shares during the period. Handelsbanken Fonder AB’s holdings in XPO were worth $3,258,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in XPO. Mather Group LLC. bought a new stake in XPO during the first quarter worth $27,000. Blue Trust Inc. increased its stake in shares of XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after purchasing an additional 258 shares during the last quarter. Quest Partners LLC bought a new stake in shares of XPO in the 2nd quarter valued at about $28,000. Riverview Trust Co acquired a new stake in XPO in the 1st quarter valued at about $31,000. Finally, ORG Partners LLC bought a new position in XPO during the first quarter worth about $36,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on XPO. TD Cowen dropped their price objective on XPO from $143.00 to $142.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. JPMorgan Chase & Co. cut their price target on XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a report on Friday, September 6th. Stifel Nicolaus upped their price objective on shares of XPO from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, August 5th. Raymond James cut their target price on shares of XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, June 24th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $140.00 price target on shares of XPO in a research note on Friday, October 4th. Two research analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.24.

XPO Stock Performance

XPO opened at $107.30 on Wednesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. XPO, Inc. has a 52-week low of $65.80 and a 52-week high of $130.51. The firm has a market cap of $12.48 billion, a P/E ratio of 52.75, a price-to-earnings-growth ratio of 1.73 and a beta of 2.10. The business’s fifty day moving average is $112.50 and its 200-day moving average is $112.17.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. Sell-side analysts expect that XPO, Inc. will post 3.59 EPS for the current fiscal 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.