Texas Permanent School Fund Corp Has $12.40 Million Stock Position in XPO, Inc. (NYSE:XPO)

Texas Permanent School Fund Corp lifted its stake in XPO, Inc. (NYSE:XPO) by 1.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,621 shares of the transportation company’s stock after buying an additional 1,480 shares during the period. Texas Permanent School Fund Corp owned about 0.09% of XPO worth $12,401,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. CWM LLC raised its holdings in shares of XPO by 25.2% in the 4th quarter. CWM LLC now owns 796 shares of the transportation company’s stock worth $70,000 after buying an additional 160 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of XPO by 4.9% in the 1st quarter. Private Advisor Group LLC now owns 3,811 shares of the transportation company’s stock worth $465,000 after buying an additional 179 shares in the last quarter. Quent Capital LLC raised its holdings in shares of XPO by 33.5% in the 4th quarter. Quent Capital LLC now owns 729 shares of the transportation company’s stock worth $64,000 after buying an additional 183 shares in the last quarter. Epoch Investment Partners Inc. raised its holdings in shares of XPO by 2.6% in the 4th quarter. Epoch Investment Partners Inc. now owns 7,133 shares of the transportation company’s stock worth $625,000 after buying an additional 183 shares in the last quarter. Finally, Yousif Capital Management LLC raised its holdings in shares of XPO by 0.4% in the 4th quarter. Yousif Capital Management LLC now owns 54,295 shares of the transportation company’s stock worth $4,756,000 after buying an additional 193 shares in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other XPO news, Director Allison Landry sold 1,875 shares of XPO stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total value of $195,975.00. Following the sale, the director now owns 6,965 shares of the company’s stock, valued at approximately $727,981.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other XPO news, Director Allison Landry sold 1,875 shares of XPO stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total value of $195,975.00. Following the sale, the director now owns 6,965 shares of the company’s stock, valued at approximately $727,981.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total value of $141,225,000.00. Following the completion of the transaction, the insider now owns 11,425,369 shares of the company’s stock, valued at approximately $1,290,838,189.62. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

XPO Trading Down 0.2 %

Shares of XPO stock traded down $0.26 during trading hours on Friday, reaching $104.63. The company had a trading volume of 18,073 shares, compared to its average volume of 1,411,670. The company has a 50 day moving average of $107.11 and a 200 day moving average of $108.42. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $12.17 billion, a price-to-earnings ratio of 51.41, a P/E/G ratio of 1.46 and a beta of 2.10. XPO, Inc. has a 1-year low of $58.94 and a 1-year high of $130.51.

XPO (NYSE:XPO) last issued its quarterly earnings data on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.68 by $0.13. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. On average, equities research analysts anticipate that XPO, Inc. will post 3.58 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on XPO shares. Benchmark reissued a “buy” rating and issued a $140.00 target price on shares of XPO in a report on Friday, June 7th. Oppenheimer increased their price target on XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Susquehanna decreased their price target on XPO from $160.00 to $145.00 and set a “positive” rating on the stock in a research report on Wednesday, June 12th. TD Cowen increased their price target on XPO from $136.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Bank of America increased their price target on XPO from $137.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, XPO presently has an average rating of “Moderate Buy” and a consensus target price of $120.70.

About XPO

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.