Huntington National Bank Raises Stock Holdings in XPO, Inc. (NYSE:XPO)

Huntington National Bank raised its position in shares of XPO, Inc. (NYSE:XPO) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,278 shares of the transportation company’s stock after buying an additional 215 shares during the period. Huntington National Bank’s holdings in XPO were worth $460,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in XPO. ORG Wealth Partners LLC bought a new position in XPO during the 3rd quarter valued at approximately $25,000. Blue Trust Inc. lifted its stake in shares of XPO by 25,800.0% in the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after buying an additional 258 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of XPO during the second quarter valued at approximately $28,000. International Assets Investment Management LLC bought a new stake in shares of XPO during the second quarter valued at approximately $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in XPO in the 2nd quarter worth approximately $37,000. Institutional investors own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on XPO. Barclays increased their price objective on XPO from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on shares of XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Stephens restated an “overweight” rating and issued a $150.00 target price on shares of XPO in a report on Thursday, September 5th. The Goldman Sachs Group decreased their target price on shares of XPO from $139.00 to $136.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Citigroup raised their price target on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, XPO presently has an average rating of “Moderate Buy” and an average price target of $141.13.

XPO Stock Down 2.1 %

Shares of XPO opened at $145.79 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The business has a fifty day moving average of $119.54 and a 200 day moving average of $113.48. The company has a market cap of $16.97 billion, a PE ratio of 47.18, a P/E/G ratio of 2.34 and a beta of 2.07. XPO, Inc. has a 52-week low of $78.72 and a 52-week high of $156.85.

XPO (NYSE:XPO) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.89 by $0.13. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. On average, sell-side analysts expect that XPO, Inc. will post 3.62 EPS for the current year.

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.