Victory Capital Management Inc. Has $6.10 Million Stake in XPO, Inc. (NYSE:XPO)

Victory Capital Management Inc. grew its holdings in XPO, Inc. (NYSE:XPO) by 44.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,541 shares of the transportation company’s stock after acquiring an additional 14,359 shares during the quarter. Victory Capital Management Inc.’s holdings in XPO were worth $6,104,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. D1 Capital Partners L.P. increased its holdings in shares of XPO by 84.2% in the third quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after acquiring an additional 2,153,042 shares in the last quarter. State Street Corp increased its holdings in shares of XPO by 1.1% in the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock worth $373,903,000 after acquiring an additional 37,486 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of XPO by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock worth $165,299,000 after acquiring an additional 10,318 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of XPO in the fourth quarter worth about $163,938,000. Finally, Life Planning Partners Inc increased its holdings in shares of XPO by 12,923.2% in the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock worth $109,824,000 after acquiring an additional 830,963 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

XPO Stock Performance

Shares of NYSE XPO opened at $107.19 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO, Inc. has a 12 month low of $97.03 and a 12 month high of $161.00. The stock has a 50 day moving average of $131.28 and a 200-day moving average of $129.64. The company has a market capitalization of $12.57 billion, a P/E ratio of 33.18, a P/E/G ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. As a group, equities research analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

Wall Street Analyst Weigh In

XPO has been the subject of several recent analyst reports. Stifel Nicolaus upgraded XPO from a “hold” rating to a “buy” rating and set a $147.00 price target for the company in a report on Monday, February 24th. Wells Fargo & Company decreased their price objective on XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Oppenheimer increased their price objective on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Bank of America decreased their price objective on XPO from $170.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Jefferies Financial Group increased their price objective on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat, XPO has a consensus rating of “Buy” and an average target price of $158.47.

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.