Grandview Asset Management LLC Makes New $349,000 Investment in XPO, Inc. (NYSE:XPO)

Grandview Asset Management LLC purchased a new stake in shares of XPO, Inc. (NYSE:XPO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,664 shares of the transportation company’s stock, valued at approximately $349,000.

Several other institutional investors have also recently made changes to their positions in XPO. D1 Capital Partners L.P. boosted its position in XPO by 84.2% during the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after acquiring an additional 2,153,042 shares in the last quarter. State Street Corp lifted its stake in shares of XPO by 1.1% during the 3rd quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock worth $373,903,000 after purchasing an additional 37,486 shares during the last quarter. Clearbridge Investments LLC boosted its position in XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after purchasing an additional 253,519 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in 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 valued at $165,299,000 after purchasing an additional 10,318 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in XPO by 9.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock worth $159,243,000 after purchasing an additional 130,322 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Evercore ISI decreased their price target on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. TD Cowen increased their price objective on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Barclays boosted their target price on shares of XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Jefferies Financial Group raised their price target on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday. Finally, Benchmark reissued a “buy” rating and set a $140.00 price objective on shares of XPO in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.24.

XPO Stock Performance

Shares of NYSE XPO opened at $135.23 on Tuesday. The company has a market capitalization of $15.74 billion, a PE ratio of 43.76, a price-to-earnings-growth ratio of 2.37 and a beta of 2.11. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The company’s fifty day moving average price is $145.59 and its 200 day moving average price is $124.29. XPO, Inc. has a 1 year low of $80.26 and a 1 year high of $161.00.

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

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.