Traynor Capital Management Inc. Raises Stake in XPO, Inc. $XPO

Traynor Capital Management Inc. increased its stake in shares of XPO, Inc. (NYSE:XPO) by 10.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 38,025 shares of the transportation company’s stock after acquiring an additional 3,485 shares during the period. Traynor Capital Management Inc.’s holdings in XPO were worth $4,916,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust increased its stake in shares of XPO by 23.0% in the third quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 82 shares during the period. Bayforest Capital Ltd increased its stake in shares of XPO by 72.8% during the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 88 shares during the period. QRG Capital Management Inc. raised its stake in XPO by 2.2% during the 3rd quarter. QRG Capital Management Inc. now owns 4,491 shares of the transportation company’s stock valued at $581,000 after purchasing an additional 97 shares during the last quarter. Finally, Securian Asset Management Inc. increased its stake in XPO by 1.1% during the second quarter. Securian Asset Management Inc. now owns 9,004 shares of the transportation company’s stock valued at $1,137,000 after acquiring an additional 100 shares during the period. 97.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on XPO. Stifel Nicolaus decreased their target price on XPO from $167.00 to $166.00 and set a “buy” rating on the stock in a report on Wednesday, January 21st. Barclays increased their price objective on XPO from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Raymond James Financial upped their target price on shares of XPO from $132.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Zacks Research cut shares of XPO from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. cut their target price on shares of XPO from $163.00 to $160.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $153.29.

XPO Stock Performance

Shares of XPO stock opened at $148.02 on Thursday. The stock has a market cap of $17.38 billion, a P/E ratio of 53.25, a P/E/G ratio of 2.71 and a beta of 2.02. The company has a fifty day moving average price of $143.40 and a two-hundred day moving average price of $135.13. XPO, Inc. has a one year low of $85.06 and a one year high of $155.95. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.02 and a quick ratio of 1.02.

XPO (NYSE:XPO) last posted its earnings results on Thursday, October 30th. The transportation company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.06. XPO had a return on equity of 26.14% and a net margin of 4.13%.The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the firm earned $1.02 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. As a group, equities analysts predict that XPO, Inc. will post 4.15 EPS for the current year.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.