Pineridge Advisors LLC Takes Position in XPO, Inc. (NYSE:XPO)

Pineridge Advisors LLC purchased a new stake in XPO, Inc. (NYSE:XPO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,532 shares of the transportation company’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC raised its stake in XPO by 25.2% during the 4th quarter. CWM LLC now owns 796 shares of the transportation company’s stock worth $70,000 after buying an additional 160 shares during the period. Quent Capital LLC raised its stake in XPO by 33.5% during the 4th quarter. Quent Capital LLC now owns 729 shares of the transportation company’s stock worth $64,000 after buying an additional 183 shares during the period. Epoch Investment Partners Inc. raised its stake in XPO by 2.6% during the 4th quarter. Epoch Investment Partners Inc. now owns 7,133 shares of the transportation company’s stock worth $625,000 after buying an additional 183 shares during the period. Yousif Capital Management LLC raised its stake in XPO by 0.4% during the 4th quarter. Yousif Capital Management LLC now owns 54,295 shares of the transportation company’s stock worth $4,756,000 after buying an additional 193 shares during the period. Finally, Mystic Asset Management Inc. raised its stake in XPO by 2.4% during the 3rd quarter. Mystic Asset Management Inc. now owns 8,450 shares of the transportation company’s stock worth $631,000 after buying an additional 200 shares during the period. Institutional investors own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

XPO has been the topic of a number of research reports. Susquehanna dropped their price target on XPO from $160.00 to $145.00 and set a “positive” rating on the stock in a research note on Wednesday. Oppenheimer boosted their price objective on XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Stifel Nicolaus raised XPO from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $115.00 to $120.00 in a report on Friday, May 24th. TD Cowen boosted their price objective on XPO from $136.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Benchmark reissued a “buy” rating and set a $140.00 price objective on shares of XPO in a report on Friday, June 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $119.20.

Insider Transactions at XPO

In other news, Director Allison Landry sold 1,875 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total value of $195,975.00. Following the completion of the transaction, the director now directly owns 6,965 shares of the company’s stock, valued at $727,981.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Allison Landry sold 1,875 shares of XPO stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total transaction of $195,975.00. Following the completion of the sale, the director now owns 6,965 shares of the company’s stock, valued at $727,981.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Mfn Partners, Lp sold 1,250,000 shares of XPO stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total value of $141,225,000.00. Following the sale, the insider now directly owns 11,425,369 shares of the company’s stock, valued at approximately $1,290,838,189.62. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

XPO Stock Performance

NYSE:XPO traded up $0.01 during trading hours on Friday, reaching $102.99. The stock had a trading volume of 2,620,422 shares, compared to its average volume of 1,344,046. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a 50 day simple moving average of $112.21 and a 200 day simple moving average of $106.03. XPO, Inc. has a 12-month low of $50.66 and a 12-month high of $130.51. The stock has a market cap of $11.98 billion, a P/E ratio of 50.49, a price-to-earnings-growth ratio of 1.45 and a beta of 2.09.

XPO (NYSE:XPO) last released its earnings results on Friday, May 3rd. The transportation company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. XPO had a return on equity of 30.77% and a net margin of 3.08%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the business posted $0.56 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, research analysts forecast that XPO, Inc. will post 3.63 EPS for the current fiscal year.

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.