PCJ Investment Counsel Ltd. Raises Stake in XPO, Inc. (NYSE:XPO)

PCJ Investment Counsel Ltd. increased its holdings in XPO, Inc. (NYSE:XPO) by 36.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,410 shares of the transportation company’s stock after buying an additional 10,740 shares during the period. XPO comprises about 1.4% of PCJ Investment Counsel Ltd.’s holdings, making the stock its 21st largest position. PCJ Investment Counsel Ltd.’s holdings in XPO were worth $4,344,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in XPO in the 3rd quarter valued at about $25,000. Blue Trust Inc. increased its stake in shares of XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 258 shares during the last quarter. Quest Partners LLC acquired a new position in shares of XPO during the 2nd quarter valued at about $28,000. International Assets Investment Management LLC acquired a new position in shares of XPO during the 2nd quarter valued at about $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of XPO during the 2nd quarter valued at about $37,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Up 0.9 %

Shares of XPO stock opened at $145.77 on Wednesday. The stock’s 50 day simple moving average is $120.40 and its 200 day simple moving average is $113.82. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a twelve month low of $78.72 and a twelve month high of $156.85. The company has a market capitalization of $16.97 billion, a price-to-earnings ratio of 47.17, a PEG ratio of 2.19 and a beta of 2.07.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the firm earned $0.88 EPS. XPO’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, research analysts predict that XPO, Inc. will post 3.62 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on XPO. Evercore ISI decreased their target price on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Stephens reiterated an “overweight” rating and set a $150.00 target price on shares of XPO in a research note on Thursday, September 5th. Wells Fargo & Company upped their price target on XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Citigroup increased their target price on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus increased their target price on XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.13.

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.