Invesco Ltd. Acquires 3,945,683 Shares of XPO, Inc. $XPO

Invesco Ltd. increased its holdings in XPO, Inc. by 306.9% in Q2, acquiring 3,945,683 shares, now owning 4.44% of XPO worth $660.7 million. Other institutional investors also adjusted their positions. Analysts have given XPO a "Moderate Buy" rating with a consensus price target of $149.45. XPO's stock opened at $139.55, with a market cap of $16.38 billion. Director Allison Landry sold 3,250 shares, reducing her ownership by 35.62%.

Invesco Ltd. lifted its holdings in XPO, Inc. (NYSE:XPO - Free Report) by 306.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,231,447 shares of the transportation company's stock after acquiring an additional 3,945,683 shares during the period. Invesco Ltd. owned 4.44% of XPO worth $660,679,000 at the end of the most recent reporting period.

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Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in XPO by 4.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,860 shares of the transportation company's stock valued at $235,000 after purchasing an additional 78 shares during the period. Securian Asset Management Inc. boosted its stake in XPO by 1.1% in the 2nd quarter. Securian Asset Management Inc. now owns 9,004 shares of the transportation company's stock worth $1,137,000 after purchasing an additional 100 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of XPO by 46.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company's stock valued at $44,000 after buying an additional 111 shares during the last quarter. MAI Capital Management raised its position in shares of XPO by 23.2% during the second quarter. MAI Capital Management now owns 626 shares of the transportation company's stock valued at $79,000 after buying an additional 118 shares during the last quarter. Finally, DNB Asset Management AS lifted its holdings in shares of XPO by 4.5% in the second quarter. DNB Asset Management AS now owns 3,102 shares of the transportation company's stock worth $392,000 after buying an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

Analyst Upgrades and Downgrades

XPO has been the subject of several research analyst reports. Cowen reaffirmed a "buy" rating on shares of XPO in a research note on Friday, October 31st. Barclays increased their price objective on shares of XPO from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, November 17th. Oppenheimer set a $154.00 target price on XPO and gave the stock an "outperform" rating in a report on Friday, October 31st. Rothschild & Co Redburn started coverage on XPO in a research note on Wednesday, November 26th. They set a "buy" rating and a $156.00 price target for the company. Finally, Bank of America raised their price target on XPO from $151.00 to $158.00 and gave the company a "buy" rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $149.45.

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XPO Trading Up 3.1%

XPO opened at $139.55 on Thursday. The stock has a 50-day moving average of $133.16 and a 200 day moving average of $129.01. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.77. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The firm has a market cap of $16.38 billion, a P/E ratio of 50.20, a P/E/G ratio of 2.85 and a beta of 2.03.

XPO Buying $50 Million of Its Own Stock: Here's Why

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of ($2,243.00) million for the quarter. XPO had a return on equity of 26.14% and a net margin of 4.13%. As a group, research analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 3,250 shares of XPO stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the completion of the transaction, the director directly owned 5,875 shares of the company's stock, valued at $793,360. The trade was a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

About XPO

(Free Report)

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.

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