Versant Capital Management Inc Purchases New Shares in XPO, Inc. (NYSE:XPO)

Versant Capital Management Inc acquired a new position in XPO, Inc. (NYSE:XPO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 218 shares of the transportation company’s stock, valued at approximately $29,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XPO. TD Asset Management Inc purchased a new stake in shares of XPO during the second quarter valued at approximately $984,000. Arizona State Retirement System raised its stake in shares of XPO by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 32,505 shares of the transportation company’s stock worth $3,450,000 after purchasing an additional 633 shares during the period. Quest Partners LLC purchased a new position in shares of XPO in the 2nd quarter worth about $28,000. Texas Permanent School Fund Corp grew its position in XPO by 15.7% during the second quarter. Texas Permanent School Fund Corp now owns 117,565 shares of the transportation company’s stock valued at $12,480,000 after buying an additional 15,944 shares during the period. Finally, Thoroughbred Financial Services LLC increased its holdings in XPO by 2.1% during the second quarter. Thoroughbred Financial Services LLC now owns 8,615 shares of the transportation company’s stock worth $914,000 after buying an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Down 4.2 %

Shares of NYSE:XPO opened at $135.26 on Wednesday. The firm has a fifty day moving average price of $145.28 and a two-hundred day moving average price of $123.41. The company has a market cap of $15.74 billion, a price-to-earnings ratio of 43.77, a PEG ratio of 2.37 and a beta of 2.11. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. XPO, Inc. has a one year low of $80.26 and a one year high of $161.00.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on XPO shares. Evercore ISI reduced their target price on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Citigroup increased their price objective on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. boosted their target price on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Oppenheimer upped their price target on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group lifted their price objective on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.25.

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.