5 Best Trucking Stocks to Buy

4. XPO Logistics, Inc. (NYSE:XPO)

Number of Hedge Fund Holders: 39

XPO Logistics, Inc. (NYSE:XPO) offers a broad range of trucking services, including FTL, LTL, and last-mile delivery of heavy goods directly to consumers’ homes. With its extensive network, XPO Logistics, Inc. (NYSE:XPO) is equipped to handle the shipping needs of various industries, including e-commerce, which requires a reliable and versatile trucking operation.

Benchmark has increased XPO Logistics, Inc. (NYSE:XPO)’s price target from $125 to $140 while maintaining a Buy rating on the stock. The firm raised the target due to the successful execution of the LTL 2.0 plan. This strategic plan is expected to lead to strong long-term operating performance.

In Q4 2023, hedge fund holdings in XPO Logistics, Inc. (NYSE:XPO) rose from 33 to 39, showing an uptick in hedge fund interest. The total value of these holdings slightly increased from approximately $2,316 million in Q3 2023 to $2,361 million in Q4 2023.