1,250,000 Shares in XPO, Inc. (NYSE:XPO) Purchased by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of XPO, Inc. (NYSE:XPO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,250,000 shares of the transportation company’s stock, valued at approximately $163,938,000. XPO makes up about 5.8% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings, making the stock its 3rd biggest position. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned 1.07% of XPO at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in XPO. ORG Wealth Partners LLC purchased a new position in XPO during the 3rd quarter valued at about $25,000. Versant Capital Management Inc acquired a new position in XPO in the 4th quarter valued at approximately $29,000. Brooklyn Investment Group purchased a new stake in XPO in the 3rd quarter worth approximately $57,000. UMB Bank n.a. raised its holdings in XPO by 19.0% during the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock valued at $71,000 after buying an additional 86 shares in the last quarter. Finally, Continuum Advisory LLC boosted its stake in shares of XPO by 51.3% during the 3rd quarter. Continuum Advisory LLC now owns 900 shares of the transportation company’s stock worth $97,000 after acquiring an additional 305 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Susquehanna raised shares of XPO from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $155.00 to $180.00 in a report on Friday, February 7th. Wells Fargo & Company cut their price objective on shares of XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. UBS Group lifted their target price on shares of XPO from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their target price on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Citigroup boosted their price target on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $161.13.

XPO Stock Performance

Shares of NYSE:XPO opened at $144.57 on Thursday. The business has a fifty day moving average of $140.93 and a 200-day moving average of $128.68. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. XPO, Inc. has a twelve month low of $97.03 and a twelve month high of $161.00. The firm has a market cap of $16.83 billion, a PE ratio of 44.76, a price-to-earnings-growth ratio of 1.93 and a beta of 2.12.

XPO (NYSE:XPO) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. On average, equities research analysts predict that XPO, Inc. will post 4.16 EPS for the current fiscal year.

About XPO

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.