Citigroup Inc. Boosts Stock Holdings in XPO, Inc. $XPO

Citigroup Inc. raised its position in shares of XPO, Inc. (NYSE:XPO) by 694.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,906 shares of the transportation company’s stock after acquiring an additional 141,521 shares during the quarter. Citigroup Inc.’s holdings in XPO were worth $20,930,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its position in XPO by 23.0% during the third quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock worth $57,000 after acquiring an additional 82 shares during the last quarter. Archer Investment Corp lifted its position in XPO by 9.6% during the third quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock worth $120,000 after buying an additional 82 shares in the last quarter. Bayforest Capital Ltd grew its holdings in XPO by 72.8% in the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after buying an additional 83 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of XPO by 21.6% in the 3rd quarter. Bessemer Group Inc. now owns 490 shares of the transportation company’s stock worth $63,000 after acquiring an additional 87 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after purchasing an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of XPO from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 6th. BMO Capital Markets set a $230.00 price objective on shares of XPO in a report on Thursday, February 19th. Wells Fargo & Company lifted their price target on shares of XPO from $147.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Wolfe Research downgraded shares of XPO from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. lifted their price objective on XPO from $160.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $178.32.

XPO Stock Up 3.3%

XPO stock opened at $205.07 on Friday. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $212.71. The company’s 50 day moving average price is $164.31 and its 200 day moving average price is $144.28. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $24.02 billion, a price-to-earnings ratio of 77.38, a PEG ratio of 2.60 and a beta of 2.01.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.12. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.95 billion. XPO had a return on equity of 25.07% and a net margin of 3.87%.The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 EPS. On average, equities research analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.