Vaughan Nelson Investment Management L.P. Invests $18.07 Million in XPO, Inc. (NYSE:XPO)

Vaughan Nelson Investment Management L.P. bought a new stake in XPO, Inc. (NYSE:XPO) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 168,090 shares of the transportation company’s stock, valued at approximately $18,071,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. D1 Capital Partners L.P. purchased a new stake in XPO during the 2nd quarter valued at about $271,532,000. Capital Research Global Investors grew its position in shares of XPO by 9.8% in the first quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company’s stock valued at $1,245,131,000 after purchasing an additional 912,544 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of XPO by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after purchasing an additional 253,519 shares in the last quarter. Interval Partners LP grew its position in shares of XPO by 48,850.0% in the first 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 in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of XPO in the second quarter valued at approximately $16,540,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Price Performance

XPO stock opened at $145.79 on Monday. The company’s 50 day moving average is $119.54 and its two-hundred day moving average is $113.52. The firm has a market cap of $16.97 billion, a PE ratio of 47.18, a price-to-earnings-growth ratio of 2.19 and a beta of 2.07. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO, Inc. has a 52-week low of $78.72 and a 52-week high of $156.85.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on XPO shares. Evercore ISI reduced their price target on XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. TD Cowen lifted their target price on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Susquehanna increased their price target on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. Stifel Nicolaus lifted their price target on shares of XPO from $125.00 to $126.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Bank of America lowered their price objective on XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.13.

XPO Company 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.