Texas Permanent School Fund Corp Purchases 15,944 Shares of XPO, Inc. (NYSE:XPO)

Texas Permanent School Fund Corp boosted its position in XPO, Inc. (NYSE:XPO) by 15.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,565 shares of the transportation company’s stock after buying an additional 15,944 shares during the period. Texas Permanent School Fund Corp owned approximately 0.10% of XPO worth $12,480,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC bought a new stake in XPO during the 2nd quarter worth approximately $28,000. Emerald Mutual Fund Advisers Trust increased its holdings in XPO by 9.8% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock worth $150,000 after purchasing an additional 126 shares in the last quarter. Arizona State Retirement System increased its holdings in XPO by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 32,505 shares of the transportation company’s stock worth $3,450,000 after purchasing an additional 633 shares in the last quarter. TD Asset Management Inc bought a new stake in XPO during the 2nd quarter worth approximately $984,000. Finally, Kailix Advisors LLC bought a new stake in XPO during the 2nd quarter worth approximately $10,514,000. 97.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on XPO shares. Raymond James decreased their price objective on XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, June 24th. Susquehanna cut their target price on XPO from $160.00 to $145.00 and set a “positive” rating on the stock in a research note on Wednesday, June 12th. Stifel Nicolaus boosted their target price on XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. TD Cowen cut their target price on XPO from $143.00 to $142.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, Stephens restated an “overweight” rating and issued a $150.00 target price on shares of XPO in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.29.

XPO Trading Up 0.2 %

XPO stock opened at $101.87 on Tuesday. The stock has a market cap of $11.86 billion, a P/E ratio of 49.94, a PEG ratio of 1.63 and a beta of 2.11. XPO, Inc. has a fifty-two week low of $65.80 and a fifty-two week high of $130.51. The firm’s fifty day moving average price is $112.53 and its 200-day moving average price is $114.03. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.11. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Equities research analysts forecast that XPO, Inc. will post 3.6 earnings per share 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.