Allspring Global Investments Holdings LLC Increases Stock Position in XPO, Inc. (NYSE:XPO)

Allspring Global Investments Holdings LLC increased its position in XPO, Inc. (NYSE:XPO) by 28.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,575 shares of the transportation company’s stock after purchasing an additional 4,798 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in XPO were worth $2,859,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. raised its holdings in shares of XPO by 19.0% during the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after purchasing an additional 86 shares during the period. Coldstream Capital Management Inc. grew its position in shares of XPO by 5.0% during the third quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock worth $245,000 after acquiring an additional 107 shares during the last quarter. Greenleaf Trust grew its position in shares of XPO by 5.0% during the fourth quarter. Greenleaf Trust now owns 2,374 shares of the transportation company’s stock worth $311,000 after acquiring an additional 114 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of XPO by 3.6% during the third quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock worth $359,000 after acquiring an additional 116 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its position in shares of XPO by 13.8% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,138 shares of the transportation company’s stock worth $149,000 after acquiring an additional 138 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Performance

NYSE:XPO opened at $124.70 on Friday. XPO, Inc. has a twelve month low of $97.03 and a twelve month high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The company has a 50-day moving average of $139.17 and a 200-day moving average of $129.87. The firm has a market cap of $14.62 billion, a price-to-earnings ratio of 38.61, a price-to-earnings-growth ratio of 1.85 and a beta of 2.12.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. Analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on XPO. JPMorgan Chase & Co. upped their price target on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Barclays lowered their price target on shares of XPO from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. UBS Group upped their price target on shares of XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Stifel Nicolaus upped their price target on shares of XPO from $124.00 to $147.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their target price on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, XPO has an average rating of “Moderate Buy” and a consensus target price of $161.13.

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.