OFI Invest Asset Management Purchases Shares of 5,780 XPO, Inc. (NYSE:XPO)

OFI Invest Asset Management purchased a new stake in shares of XPO, Inc. (NYSE:XPO) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,780 shares of the transportation company’s stock, valued at approximately $732,000.

Several other large investors have also added to or reduced their stakes in XPO. Versant Capital Management Inc purchased a new stake in XPO during the 4th quarter valued at about $29,000. Halbert Hargrove Global Advisors LLC purchased a new stake in XPO during the 4th quarter valued at about $42,000. Cullen Frost Bankers Inc. grew its stake in XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 130 shares during the last quarter. Larson Financial Group LLC grew its stake in XPO by 25.6% during the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 76 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in XPO during the 3rd quarter valued at about $57,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

XPO has been the topic of a number of recent research reports. Vertical Research upgraded XPO from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on XPO in a research note on Friday. They issued a “buy” rating and a $156.00 target price on the stock. Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and upped their target price for the stock from $155.00 to $180.00 in a research note on Friday, February 7th. Oppenheimer upped their target price on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, Barclays lowered their target price on XPO from $170.00 to $165.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Eighteen analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $160.89.

XPO Price Performance

Shares of XPO stock opened at $108.07 on Monday. The business has a 50 day simple moving average of $133.88 and a two-hundred day simple moving average of $130.30. XPO, Inc. has a 12 month low of $97.03 and a 12 month high of $161.00. The stock has a market capitalization of $12.67 billion, a P/E ratio of 33.46, a PEG ratio of 1.79 and a beta of 2.13. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. As a group, analysts predict that XPO, Inc. will post 4.15 EPS 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.