Everence Capital Management Inc. Acquires Shares of 3,010 XPO, Inc. (NYSE:XPO)

Everence Capital Management Inc. bought a new stake in shares of XPO, Inc. (NYSE:XPO) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 3,010 shares of the transportation company’s stock, valued at approximately $395,000.

Other large investors also recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new stake in XPO in the third quarter valued at about $25,000. Quest Partners LLC bought a new stake in shares of XPO in the 2nd quarter valued at about $28,000. Versant Capital Management Inc acquired a new stake in shares of XPO in the 4th quarter valued at approximately $29,000. UMB Bank n.a. boosted its stake in XPO by 356.6% during the 3rd quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock worth $49,000 after acquiring an additional 353 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in XPO during the 3rd quarter worth approximately $57,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Stock Performance

Shares of NYSE XPO opened at $138.46 on Monday. The stock has a market capitalization of $16.12 billion, a PE ratio of 44.81, a price-to-earnings-growth ratio of 2.37 and a beta of 2.08. XPO, Inc. has a 52 week low of $80.26 and a 52 week high of $161.00. The stock has a 50 day moving average price of $144.56 and a 200 day moving average price of $122.81. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the business earned $0.88 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. Analysts predict that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on XPO shares. TD Cowen increased their target price on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Oppenheimer lifted their target price on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. The Goldman Sachs Group increased their price target on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Wells Fargo & Company lifted their price objective on XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Benchmark reissued a “buy” rating and set a $140.00 target price on shares of XPO in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $147.31.

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.