First Citizens Bank & Trust Co. Increases Stock Position in XPO, Inc. (NYSE:XPO)

First Citizens Bank & Trust Co. lifted its holdings in shares of XPO, Inc. (NYSE:XPO) by 24.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,213 shares of the transportation company’s stock after buying an additional 1,220 shares during the period. First Citizens Bank & Trust Co.’s holdings in XPO were worth $815,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bank of Montreal Can raised its holdings in XPO by 14.0% during the second quarter. Bank of Montreal Can now owns 22,572 shares of the transportation company’s stock worth $2,464,000 after purchasing an additional 2,772 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of XPO by 73.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 162,985 shares of the transportation company’s stock worth $17,301,000 after buying an additional 68,963 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in XPO in the 2nd quarter valued at about $585,000. Algert Global LLC increased its holdings in XPO by 46.2% during the 2nd quarter. Algert Global LLC now owns 50,005 shares of the transportation company’s stock valued at $5,308,000 after acquiring an additional 15,795 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in XPO by 8.4% during the second quarter. NewEdge Advisors LLC now owns 9,642 shares of the transportation company’s stock worth $1,024,000 after acquiring an additional 749 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Down 0.4 %

XPO stock opened at $138.50 on Tuesday. The stock has a market cap of $16.12 billion, a PE ratio of 44.82, a price-to-earnings-growth ratio of 1.79 and a beta of 2.11. The firm’s 50-day simple moving average is $143.49 and its 200 day simple moving average is $126.35. XPO, Inc. has a fifty-two week low of $82.78 and a fifty-two week high of $161.00. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the firm earned $0.88 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts predict that XPO, Inc. will post 3.58 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on XPO shares. Jefferies Financial Group increased their price target on shares of XPO from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Oppenheimer upped their price objective on shares of XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Evercore ISI cut their price target on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. The Goldman Sachs Group increased their price target on XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. lifted their price objective on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.06.

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.