Sigma Planning Corp Has $1.37 Million Stake in XPO, Inc. $XPO

Sigma Planning Corp trimmed its position in shares of XPO, Inc. (NYSE:XPO) by 21.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,869 shares of the transportation company’s stock after selling 3,026 shares during the period. Sigma Planning Corp’s holdings in XPO were worth $1,373,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SouthState Corp acquired a new stake in XPO during the first quarter worth about $25,000. RMG Wealth Management LLC acquired a new stake in XPO during the second quarter worth about $26,000. FNY Investment Advisers LLC acquired a new stake in XPO during the second quarter worth about $42,000. MassMutual Private Wealth & Trust FSB grew its stake in XPO by 46.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock worth $44,000 after buying an additional 111 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in XPO by 58.7% during the second quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock worth $51,000 after buying an additional 149 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Down 1.6%

NYSE:XPO opened at $138.34 on Thursday. The firm’s 50 day simple moving average is $131.08 and its 200 day simple moving average is $125.28. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The company has a market cap of $16.24 billion, a PE ratio of 47.87, a P/E/G ratio of 2.51 and a beta of 1.99.

XPO (NYSE:XPO) last posted its earnings results on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. The business had revenue of ($2,243.00) million for the quarter. On average, research analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Allison Landry sold 3,250 shares of XPO stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the sale, the director directly owned 5,875 shares in the company, valued at $793,360. This trade represents a 35.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wells Fargo & Company increased their target price on shares of XPO from $144.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Cowen reissued a “buy” rating on shares of XPO in a report on Friday, October 31st. JPMorgan Chase & Co. increased their target price on shares of XPO from $144.00 to $166.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Susquehanna reissued a “positive” rating and issued a $162.00 target price on shares of XPO in a report on Friday, October 31st. Finally, Evercore ISI increased their target price on shares of XPO from $141.00 to $151.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Twenty equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $147.40.

XPO 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.