Huntington National Bank Raises Holdings in XPO, Inc. (NYSE:XPO)

Huntington National Bank boosted its stake in shares of XPO, Inc. (NYSE:XPO) by 5.3% in the third quarter, Holdings Channel reports. The institutional investor owned 4,278 shares of the transportation company’s stock after acquiring an additional 215 shares during the period. Huntington National Bank’s holdings in XPO were worth $460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. purchased a new position in XPO in the first quarter worth $312,000. US Bancorp DE increased its holdings in shares of XPO by 0.9% in the first quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock valued at $2,140,000 after purchasing an additional 154 shares during the period. Cynosure Group LLC acquired a new stake in shares of XPO during the first quarter worth about $305,000. O Shaughnessy Asset Management LLC boosted its position in XPO by 53.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 8,049 shares of the transportation company’s stock valued at $982,000 after buying an additional 2,811 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new stake in shares of XPO in the first quarter worth $1,943,000. Institutional investors own 97.73% of the company’s stock.

XPO Stock Down 2.1 %

NYSE XPO opened at $145.79 on Friday. XPO, Inc. has a 12 month low of $78.72 and a 12 month high of $156.85. The company has a market capitalization of $16.97 billion, a P/E ratio of 47.18, a PEG ratio of 2.34 and a beta of 2.07. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50 day simple moving average is $119.54 and its 200 day simple moving average is $113.48.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the firm posted $0.88 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. Equities research analysts expect that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Citigroup upped their price objective on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Susquehanna increased their price objective on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Benchmark restated a “buy” rating and issued a $140.00 target price on shares of XPO in a research report on Thursday, September 19th. JPMorgan Chase & Co. lowered their price target on shares of XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research report on Friday, September 6th. Finally, The Goldman Sachs Group dropped their target price on XPO from $139.00 to $136.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, XPO presently has an average rating of “Moderate Buy” and an average target price of $141.13.

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.