Groupama Asset Managment Purchases 22,942 Shares of XPO, Inc. (NYSE:XPO)

Groupama Asset Managment grew its stake in XPO, Inc. (NYSE:XPO) by 8.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 289,761 shares of the transportation company’s stock after purchasing an additional 22,942 shares during the quarter. Groupama Asset Managment owned about 0.25% of XPO worth $31,152,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in XPO in the 3rd quarter worth $25,000. Blue Trust Inc. raised its holdings in XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after purchasing an additional 258 shares in the last quarter. Quest Partners LLC bought a new position in XPO in the 2nd quarter worth $28,000. International Assets Investment Management LLC bought a new position in XPO in the 2nd quarter worth $36,000. Finally, UMB Bank n.a. raised its holdings in XPO by 356.6% in the 3rd quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock worth $49,000 after purchasing an additional 353 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

XPO Trading Up 0.8 %

XPO stock opened at $151.63 on Monday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a fifty day moving average price of $131.73 and a 200 day moving average price of $117.75. The firm has a market cap of $17.65 billion, a PE ratio of 49.07, a price-to-earnings-growth ratio of 2.30 and a beta of 2.08. XPO, Inc. has a fifty-two week low of $78.72 and a fifty-two week high of $156.85.

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

Analyst Ratings Changes

XPO has been the subject of several research reports. Barclays upped their price objective on shares of XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Susquehanna upped their target price on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research report on Wednesday, September 18th. Oppenheimer reaffirmed an “outperform” rating and issued a $140.00 target price on shares of XPO in a research report on Friday, October 4th. Citigroup upped their target price on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Benchmark reissued a “buy” rating and set a $140.00 price objective on shares of XPO in a research report on Thursday, September 19th. Two 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, the stock has an average rating of “Moderate Buy” and an average price target of $143.13.

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.