XPO, Inc. (NYSE:XPO) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its holdings in shares of XPO, Inc. (NYSE:XPO) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,564 shares of the transportation company’s stock after purchasing an additional 267 shares during the period. PNC Financial Services Group Inc.’s holdings in XPO were worth $861,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Stifel Financial Corp grew its stake in XPO by 159.1% during the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock worth $7,569,000 after buying an additional 43,237 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of XPO during the third quarter worth about $534,000. Exchange Traded Concepts LLC acquired a new position in shares of XPO during the fourth quarter valued at about $423,000. PCJ Investment Counsel Ltd. increased its holdings in shares of XPO by 36.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after acquiring an additional 10,740 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of XPO by 36.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock valued at $75,131,000 after purchasing an additional 185,686 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XPO. Stephens restated an “overweight” rating and set a $171.00 price target on shares of XPO in a research note on Wednesday, March 5th. Wells Fargo & Company dropped their price objective on shares of XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Oppenheimer raised 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. Benchmark boosted their price target on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Barclays cut their price objective on XPO from $165.00 to $150.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Nineteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $158.47.

XPO Stock Performance

Shares of NYSE XPO opened at $111.23 on Tuesday. The company has a market capitalization of $13.04 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The company’s fifty day moving average price is $130.68 and its 200 day moving average price is $129.78. XPO, Inc. has a 1 year low of $97.03 and a 1 year high of $161.00.

XPO (NYSE:XPO) last posted its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. On average, research analysts predict that XPO, Inc. will post 4.15 earnings per share for the current year.

Insiders Place Their Bets

In other XPO news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $106.16 per share, with a total value of $199,580.80. Following the purchase, the chief operating officer now directly owns 21,106 shares in the company, valued at $2,240,612.96. This represents a 9.78 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by company insiders.

About XPO

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.