PCJ Investment Counsel Ltd. Has $4.34 Million Position in XPO, Inc. (NYSE:XPO)

PCJ Investment Counsel Ltd. grew its holdings in XPO, Inc. (NYSE:XPO) by 36.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,410 shares of the transportation company’s stock after purchasing an additional 10,740 shares during the quarter. XPO comprises about 1.4% of PCJ Investment Counsel Ltd.’s investment portfolio, making the stock its 21st largest position. PCJ Investment Counsel Ltd.’s holdings in XPO were worth $4,344,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in shares of XPO during the third quarter valued at $25,000. Blue Trust Inc. lifted its stake in XPO by 25,800.0% in the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after buying an additional 258 shares during the period. Quest Partners LLC acquired a new position in XPO in the second quarter valued at about $28,000. International Assets Investment Management LLC acquired a new position in XPO in the second quarter valued at about $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of XPO in the second quarter worth about $37,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on XPO. Barclays increased their price target on XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Citigroup increased their price objective on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Benchmark reiterated a “buy” rating and set a $140.00 price objective on shares of XPO in a report on Thursday, September 19th. Stephens reissued an “overweight” rating and set a $150.00 price target on shares of XPO in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. reduced their price target on XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.13.

XPO Stock Performance

Shares of XPO stock opened at $145.77 on Wednesday. XPO, Inc. has a one year low of $78.72 and a one year high of $156.85. The firm has a market capitalization of $16.97 billion, a price-to-earnings ratio of 47.17, a PEG ratio of 2.19 and a beta of 2.07. The business has a 50-day simple moving average of $120.40 and a 200 day simple moving average of $113.82. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06.

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