The Vanguard Group, Inc. recently announced the acquisition of new stake in XPO Inc. (NYSE:XPO). The institutional investor has increased its shareholding in the Industrials company by 3.01% to 10.51 million shares with purchase of 0.31 million shares. This fresh investment now brings its stake to 9.10% valued currently at $464.45 million. In addition, Fidelity Management & Research Co raised its holdings by 0.7 million to 5.13 million shares. And Massachusetts Financial Services has lifted its position by 26.96% or 0.9 million shares – to 4.24 million shares.
With over 1.32 million XPO Inc. (XPO) shares trading Monday and a closing price of $47.34 on the day, the dollar volume was approximately $62.6 million. The shares have shown a positive half year performance of 29.63% and its price on 05/22/23 gained nearly 0.85%. Currently, there are 115.00M common shares owned by the public and among those 113.46M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 24 analysts who have offered their price forecasts for XPO have a consensus price objective of $51.57. The analysts have set the share’s price value over the next 12 months at a high of $60.00 and a low of $45.00. The average price target is 11.28% above its recent price level and a downside to the estimated low will see the stock lose -5.2% over that period. But an upside of 21.1% will see the stock hit the forecast high price target while median target price for the stock is $52.00.
Insiders at the company have transacted a total of 24 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 25,193 shares. Insider sales of the common stock occurred on 13 occasions, with total insider shares sold totaling 5,173,964 shares.
The top 3 mutual fund holders in XPO Inc. are iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Orbis Global Equity Fund. iShares Core S&P Mid Cap ETF owns 3.59 million shares of the company’s stock, all valued at over $158.54 million. The company bought an additional 12818.0 shares recently to bring their total holdings to about 3.11% of the shares outstanding. Vanguard Total Stock Market ETF bought 23215.0 shares to see its total holdings expand to 3.39 million shares valued at over $149.62 million and representing 2.93% of the shares outstanding. Orbis Global Equity Fund sold -1.33 million shares to bring its total holdings to over 3.17 million shares at a value of $140.27 million. Orbis Global Equity Fund now owns shares totaling to 2.75% of the shares outstanding.
Shares of XPO Inc. (NYSE: XPO) opened at $47.40, up $0.46 from a prior closing price of $46.94. However, the script later moved the day high at 48.15, up 0.85%. The company’s stock has a 5-day price change of -0.48% and 35.18% over the past three months. XPO shares are trading 42.20% year to date (YTD), with the 12-month market performance up to 61.72% higher. It has a 12-month low price of $24.75 and touched a high of $49.20 over the same period. XPO has an average intraday trading volume of 2.12 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.55%, 24.74%, and 34.86% respectively.
Institutional ownership of XPO Inc. (NYSE: XPO) shares accounts for 93.10% of the company’s 115.00M shares outstanding. Mutual fund holders own 46.21%, while other institutional holders and individual stakeholders account for 49.90% and 44.75% respectively.
It has a market capitalization of $5.59B and a beta (3y monthly) value of 2.18. The stock’s trailing 12-month PE ratio is 29.85, while the earnings-per-share (ttm) stands at $1.59. The company has a PEG of 14.92 and a Quick Ratio of 1.10 with the debt-to-equity ratio at 2.50. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.48% over the week and 3.34% over the month.
Analysts forecast that XPO Inc. (XPO) will achieve an EPS of $0.63 for the current quarter, $0.65 for the next quarter and $3.07 for 2024. The lowest estimate earnings-per-share for the quarter is $0.56 while analysts give the company a high EPS estimate of $0.73. Comparatively, EPS for the current quarter was $1.18 a year ago. Earnings per share for the fiscal year are expected to increase by 88.40%, and 27.94% over the next financial year. EPS should shrink at an annualized rate of 2.00% over the next five years, compared to 7.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 24 brokerage firm advisors rate XPO Inc. (XPO) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 13 Wall Street analysts polled rate the stock as a buy, while 8 of the 24 advise that investors “hold,” and 0 rated it as a “Sell.”
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