Westwood Holdings Group Inc. Buys 57,192 Shares of XPO, Inc. (NYSE:XPO)

Westwood Holdings Group Inc. increased its holdings in XPO, Inc. (NYSE:XPO) by 38.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,196 shares of the transportation company’s stock after acquiring an additional 57,192 shares during the period. Westwood Holdings Group Inc. owned about 0.18% of XPO worth $21,782,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of XPO. Thrivent Financial for Lutherans lifted its position in shares of XPO by 27.7% during the second quarter. Thrivent Financial for Lutherans now owns 37,150 shares of the transportation company’s stock worth $3,944,000 after acquiring an additional 8,052 shares in the last quarter. Sei Investments Co. grew its stake in shares of XPO by 15.6% during the second quarter. Sei Investments Co. now owns 121,374 shares of the transportation company’s stock valued at $12,884,000 after buying an additional 16,344 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of XPO during the second quarter valued at about $3,254,000. MQS Management LLC bought a new stake in shares of XPO in the second quarter worth about $238,000. Finally, XTX Topco Ltd bought a new stake in shares of XPO in the second quarter worth about $1,243,000. 97.73% of the stock is owned by institutional investors.

XPO Price Performance

Shares of NYSE XPO opened at $112.50 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO, Inc. has a twelve month low of $65.80 and a twelve month high of $130.51. The firm has a market cap of $13.09 billion, a P/E ratio of 55.15, a PEG ratio of 1.76 and a beta of 2.11. The company has a 50 day moving average of $113.22 and a 200 day moving average of $113.35.

XPO (NYSE:XPO) last posted its 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 net margin of 4.48% and a return on equity of 32.49%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. The firm’s revenue was up 8.5% on a year-over-year basis. As a group, research analysts expect that XPO, Inc. will post 3.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on XPO. TD Cowen lowered their price objective on shares of XPO from $143.00 to $142.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Stifel Nicolaus raised their price objective on shares of XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Susquehanna raised their price objective on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a report on Wednesday. Raymond James lowered their target price on shares of XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, June 24th. Finally, Stephens reiterated an “overweight” rating and set a $150.00 target price on shares of XPO in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company 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.