Gateway Investment Advisers LLC Acquires 20,326 Shares of XPO, Inc. (NYSE:XPO)

Gateway Investment Advisers LLC lifted its holdings in shares of XPO, Inc. (NYSE:XPO) by 181.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,528 shares of the transportation company’s stock after buying an additional 20,326 shares during the period. Gateway Investment Advisers LLC’s holdings in XPO were worth $3,390,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. D1 Capital Partners L.P. bought a new position in shares of XPO during the 2nd quarter valued at $271,532,000. Capital Research Global Investors boosted its position in XPO by 9.8% in the first quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company’s stock worth $1,245,131,000 after purchasing an additional 912,544 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of XPO by 33.4% during the 1st quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock valued at $272,699,000 after purchasing an additional 560,079 shares during the period. Interval Partners LP increased its position in shares of XPO by 48,850.0% during the 1st quarter. Interval Partners LP now owns 195,000 shares of the transportation company’s stock valued at $23,796,000 after purchasing an additional 195,400 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of XPO in the 2nd quarter worth approximately $16,540,000. 97.73% of the stock is currently owned by institutional investors.

XPO Price Performance

Shares of XPO stock opened at $115.54 on Friday. The firm has a market cap of $13.44 billion, a PE ratio of 56.64, a PEG ratio of 1.77 and a beta of 2.10. The stock has a 50 day moving average of $112.29 and a 200 day moving average of $111.88. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO, Inc. has a 12 month low of $65.80 and a 12 month high of $130.51.

XPO (NYSE:XPO) last posted its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. XPO’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. On average, research analysts expect that XPO, Inc. will post 3.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Stephens restated an “overweight” rating and set a $150.00 target price on shares of XPO in a research report on Thursday, September 5th. Raymond James cut their price objective on shares of XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, June 24th. Stifel Nicolaus raised their target price on XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Citigroup began coverage on XPO in a report on Wednesday. They set a “buy” rating and a $127.00 price target for the company. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of XPO in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.35.

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.