Paulson Wealth Management Inc. Invests $217,000 in XPO, Inc. $XPO

Paulson Wealth Management Inc. bought a new stake in shares of XPO, Inc. (NYSE:XPO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,716 shares of the transportation company’s stock, valued at approximately $217,000.

Other large investors also recently bought and sold shares of the company. SouthState Corp acquired a new stake in XPO in the first quarter valued at approximately $25,000. RMG Wealth Management LLC purchased a new position in shares of XPO during the 2nd quarter valued at approximately $26,000. FNY Investment Advisers LLC acquired a new stake in XPO in the 2nd quarter valued at $42,000. MassMutual Private Wealth & Trust FSB grew its stake in XPO by 46.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 111 shares during the period. Finally, Bessemer Group Inc. increased its holdings in XPO by 58.7% in the 2nd quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock worth $51,000 after acquiring an additional 149 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Trading Down 1.5%

Shares of XPO stock opened at $136.25 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The company’s 50-day moving average price is $131.20 and its 200-day moving average price is $125.36. The stock has a market cap of $15.99 billion, a price-to-earnings ratio of 47.15, a PEG 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 earnings per share for the quarter. The company had revenue of ($2,243.00) million for the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. As a group, equities analysts predict that XPO, Inc. will post 4.15 earnings per share for the current year.

Analysts Set New Price Targets

XPO has been the topic of several research analyst reports. Truist Financial set a $145.00 target price on shares of XPO in a research report on Tuesday, October 14th. Stifel Nicolaus set a $149.00 price target on shares of XPO in a research note on Friday, October 31st. Susquehanna reiterated a “positive” rating and set a $162.00 price objective on shares of XPO in a research note on Friday, October 31st. Cowen restated a “buy” rating on shares of XPO in a research report on Friday, October 31st. Finally, Barclays boosted their price target on XPO from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Twenty research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $147.40.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 3,250 shares of XPO stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the sale, the director owned 5,875 shares in the company, valued at $793,360. The trade was a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by company insiders.

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.