Beck Bode LLC Makes New Investment in XPO, Inc. (NYSE:XPO)

Beck Bode LLC acquired a new position in shares of XPO, Inc. (NYSE:XPO) during the 4th quarter, Holdings Channel reports. The firm acquired 50,113 shares of the transportation company’s stock, valued at approximately $4,389,000.

A number of other hedge funds also recently modified their holdings of XPO. Hanseatic Management Services Inc. acquired a new stake in XPO in the third quarter valued at about $43,000. GAMMA Investing LLC acquired a new stake in shares of XPO during the fourth quarter valued at about $46,000. Fifth Third Bancorp lifted its stake in shares of XPO by 37.3% in the third quarter. Fifth Third Bancorp now owns 732 shares of the transportation company’s stock worth $55,000 after acquiring an additional 199 shares during the period. Quent Capital LLC lifted its stake in shares of XPO by 33.5% in the fourth quarter. Quent Capital LLC now owns 729 shares of the transportation company’s stock worth $64,000 after acquiring an additional 183 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of XPO in the fourth quarter worth approximately $69,000. Institutional investors own 97.73% of the company’s stock.

XPO Stock Performance

XPO stock traded down $3.32 during midday trading on Tuesday, hitting $107.40. The company’s stock had a trading volume of 2,482,597 shares, compared to its average volume of 1,378,148. The stock’s 50-day moving average price is $121.51 and its 200 day moving average price is $99.63. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO, Inc. has a 1 year low of $42.86 and a 1 year high of $130.51. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of 66.71, a PEG ratio of 2.67 and a beta of 2.19.

XPO (NYSE:XPO) last issued its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.15. XPO had a return on equity of 29.85% and a net margin of 2.44%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities analysts forecast that XPO, Inc. will post 3.47 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on XPO shares. JPMorgan Chase & Co. lifted their price objective on XPO from $97.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. The Goldman Sachs Group lifted their target price on XPO from $98.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. BMO Capital Markets lifted their target price on XPO from $100.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Bank of America lifted their target price on XPO from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Finally, Citigroup lifted their target price on XPO from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $111.65.

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.