Texas Permanent School Fund Corp Boosts Stock Holdings in XPO, Inc. (NYSE:XPO)

Texas Permanent School Fund Corp raised its holdings in shares of XPO, Inc. (NYSE:XPO) by 15.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 117,565 shares of the transportation company’s stock after acquiring an additional 15,944 shares during the period. Texas Permanent School Fund Corp’s holdings in XPO were worth $12,480,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in XPO. Truist Financial Corp boosted its position in XPO by 3.8% during the fourth quarter. Truist Financial Corp now owns 6,710 shares of the transportation company’s stock valued at $588,000 after buying an additional 243 shares during the period. Natixis Advisors L.P. purchased a new stake in XPO during the fourth quarter valued at about $1,407,000. Benjamin F. Edwards & Company Inc. boosted its position in XPO by 170.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock valued at $30,000 after buying an additional 211 shares during the period. Private Advisor Group LLC boosted its position in XPO by 32.2% during the fourth quarter. Private Advisor Group LLC now owns 3,632 shares of the transportation company’s stock valued at $318,000 after buying an additional 885 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in shares of XPO by 9.2% during the fourth quarter. QRG Capital Management Inc. now owns 4,888 shares of the transportation company’s stock worth $428,000 after purchasing an additional 410 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XPO. Raymond James dropped 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. Wells Fargo & Company dropped their target price on shares of XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a report on Thursday, September 5th. Susquehanna dropped their target price on shares of XPO from $160.00 to $145.00 and set a “positive” rating for the company in a report on Wednesday, June 12th. Stephens reiterated an “overweight” rating and set a $150.00 target price on shares of XPO in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $129.29.

XPO Price Performance

Shares of XPO opened at $101.87 on Tuesday. The company has a market capitalization of $11.86 billion, a P/E ratio of 49.94, a price-to-earnings-growth ratio of 1.63 and a beta of 2.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The firm has a 50 day moving average of $112.53 and a 200 day moving average of $114.03. XPO, Inc. has a twelve month low of $65.80 and a twelve month high of $130.51.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.11. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 earnings per share. As a group, equities research analysts anticipate that XPO, Inc. will post 3.6 earnings per share for the current fiscal year.

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.