Financial Partners Group LLC Increases Stock Position in XPO, Inc. (NYSE:XPO)

Financial Partners Group LLC raised its holdings in shares of XPO, Inc. (NYSE:XPO) by 11.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,494 shares of the transportation company’s stock after purchasing an additional 1,005 shares during the period. Financial Partners Group LLC’s holdings in XPO were worth $1,021,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. X Square Capital LLC boosted its stake in shares of XPO by 4.8% in the 3rd quarter. X Square Capital LLC now owns 22,353 shares of the transportation company’s stock worth $2,403,000 after buying an additional 1,020 shares during the last quarter. International Assets Investment Management LLC increased its holdings in XPO by 9,378.7% during the third quarter. International Assets Investment Management LLC now owns 32,038 shares of the transportation company’s stock valued at $3,444,000 after buying an additional 31,700 shares during the last quarter. Signaturefd LLC raised its position in XPO by 120.0% in the third quarter. Signaturefd LLC now owns 1,311 shares of the transportation company’s stock worth $141,000 after acquiring an additional 715 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of XPO by 121.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,777 shares of the transportation company’s stock worth $1,804,000 after acquiring an additional 9,192 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its position in shares of XPO by 107.4% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 4,993 shares of the transportation company’s stock valued at $537,000 after acquiring an additional 2,585 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Trading Up 2.3 %

XPO stock opened at $112.01 on Friday. XPO, Inc. has a 12 month low of $65.80 and a 12 month high of $130.51. The firm’s 50-day moving average is $112.41 and its 200 day moving average is $111.35. The company has a market capitalization of $13.04 billion, a PE ratio of 37.21, a P/E/G ratio of 1.82 and a beta of 2.10. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. XPO’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. On average, research analysts anticipate that XPO, Inc. will post 3.52 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on XPO. Susquehanna lifted their target price on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. Citigroup initiated coverage on XPO in a research report on Wednesday, October 9th. They set a “buy” rating and a $127.00 price objective on the stock. Evercore ISI dropped their target price on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. The Goldman Sachs Group reduced their price target on shares of XPO from $139.00 to $136.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, TD Cowen dropped their price objective on shares of XPO from $143.00 to $142.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $130.41.

XPO Company 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.