XPO, Inc. (NYSE:XPO) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in XPO, Inc. (NYSE:XPO) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,228 shares of the transportation company’s stock after buying an additional 2,422 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in XPO were worth $2,210,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Hanseatic Management Services Inc. purchased a new position in XPO during the 3rd quarter valued at about $43,000. Fifth Third Bancorp grew its position in shares of XPO by 37.3% in the third quarter. Fifth Third Bancorp now owns 732 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 199 shares during the last quarter. Quent Capital LLC increased its stake in shares of XPO by 33.5% during the 4th quarter. Quent Capital LLC now owns 729 shares of the transportation company’s stock worth $64,000 after purchasing an additional 183 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of XPO by 20.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,000 shares of the transportation company’s stock worth $75,000 after purchasing an additional 170 shares during the last quarter. Finally, Legacy Financial Group LLC acquired a new position in shares of XPO during the 3rd quarter worth approximately $86,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on XPO shares. Morgan Stanley downgraded XPO from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $75.00 to $80.00 in a research report on Monday, February 12th. Benchmark boosted their target price on shares of XPO from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. BMO Capital Markets raised their price target on shares of XPO from $100.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. TD Cowen boosted their price objective on shares of XPO from $129.00 to $136.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Finally, The Goldman Sachs Group raised their target price on shares of XPO from $98.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $111.65.

XPO Trading Up 4.1 %

Shares of XPO opened at $120.84 on Wednesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. XPO, Inc. has a one year low of $40.69 and a one year high of $130.51. The stock has a 50-day moving average price of $122.22 and a 200 day moving average price of $98.38. The company has a market capitalization of $14.05 billion, a P/E ratio of 75.06, a P/E/G ratio of 2.79 and a beta of 2.19.

XPO (NYSE:XPO) last released its earnings results on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.62 by $0.15. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.92 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. Sell-side analysts forecast that XPO, Inc. will post 3.47 EPS for the current fiscal year.

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.