M&T Bank Corp Has $583,000 Position in XPO, Inc. (NYSE:XPO)

M&T Bank Corp grew its stake in XPO, Inc. (NYSE:XPO) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,421 shares of the transportation company’s stock after purchasing an additional 185 shares during the period. M&T Bank Corp’s holdings in XPO were worth $583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in XPO. D1 Capital Partners L.P. acquired a new stake in XPO during the 2nd quarter worth approximately $271,532,000. The Manufacturers Life Insurance Company grew its holdings in XPO by 239.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock worth $59,486,000 after acquiring an additional 390,320 shares during the period. Holocene Advisors LP increased its holdings in XPO by 61.2% in the third quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock worth $73,529,000 after purchasing an additional 259,727 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of XPO by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after acquiring an additional 253,519 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in XPO in the third quarter worth $18,071,000. Institutional investors own 97.73% of the company’s stock.

XPO Price Performance

Shares of NYSE:XPO opened at $157.95 on Wednesday. XPO, Inc. has a fifty-two week low of $80.26 and a fifty-two week high of $161.00. The company’s 50-day moving average is $138.74 and its 200 day moving average is $120.18. 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 company has a market capitalization of $18.39 billion, a P/E ratio of 51.12, a price-to-earnings-growth ratio of 2.37 and a beta of 2.08.

XPO (NYSE:XPO) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The firm had revenue of $2.05 billion during 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 company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 EPS. On average, equities research analysts forecast that XPO, Inc. will post 3.62 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Stephens reissued an “overweight” rating and set a $165.00 price objective on shares of XPO in a research report on Wednesday, December 4th. Barclays increased their price target on XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Benchmark restated a “buy” rating and set a $140.00 price objective on shares of XPO in a report on Thursday, September 19th. JPMorgan Chase & Co. lifted their price target on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Stifel Nicolaus upped their price objective on shares of XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.31.

XPO 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.