XPO, Inc. $XPO Position Increased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its holdings in XPO, Inc. (NYSE:XPO) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,524 shares of the transportation company’s stock after buying an additional 2,954 shares during the quarter. Janney Montgomery Scott LLC’s holdings in XPO were worth $8,468,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Durable Capital Partners LP boosted its stake in shares of XPO by 79.3% during the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after acquiring an additional 1,589,759 shares in the last quarter. Norges Bank acquired a new position in shares of XPO in the 4th quarter worth $204,304,000. Bessemer Group Inc. raised its position in shares of XPO by 228,761.0% during the fourth quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock worth $152,411,000 after purchasing an additional 1,120,929 shares during the period. Invesco Ltd. raised its position in shares of XPO by 19.8% during the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after purchasing an additional 1,036,434 shares during the period. Finally, Capital World Investors lifted its holdings in shares of XPO by 7.3% during the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock valued at $1,403,973,000 after purchasing an additional 735,450 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

Analyst Ratings Changes

XPO has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $220.00 price objective on shares of XPO in a research note on Thursday, April 30th. TD Cowen raised their target price on shares of XPO from $192.00 to $224.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Barclays lifted their target price on shares of XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Raymond James Financial restated an “outperform” rating and set a $233.00 price target on shares of XPO in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $218.10.

XPO Stock Down 0.1%

NYSE:XPO opened at $206.19 on Friday. The firm has a market capitalization of $24.21 billion, a price-to-earnings ratio of 70.61, a PEG ratio of 2.39 and a beta of 1.85. XPO, Inc. has a 1-year low of $116.68 and a 1-year high of $232.05. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The business’s fifty day moving average price is $210.48 and its 200 day moving average price is $190.04.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the business earned $0.73 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts forecast that XPO, Inc. will post 4.87 earnings per share for the current fiscal year.

Insider Buying and Selling at XPO

In other news, Director Allison Landry sold 2,400 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the transaction, the director owned 4,849 shares in the company, valued at $1,045,492.89. This represents a 33.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by corporate insiders.

XPO Profile

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.