Westwood Holdings Group Inc. Increases Holdings in XPO, Inc. $XPO

Westwood Holdings Group Inc. lifted its holdings in XPO, Inc. (NYSE:XPO) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,730 shares of the transportation company’s stock after acquiring an additional 7,319 shares during the period. Westwood Holdings Group Inc.’s holdings in XPO were worth $24,214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. RMG Wealth Management LLC bought a new position in XPO in the 2nd quarter worth approximately $26,000. FNY Investment Advisers LLC bought a new position in shares of XPO during the second quarter worth $42,000. EverSource Wealth Advisors LLC grew its stake in XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 88 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings 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 last quarter. Finally, Bessemer Group Inc. lifted its stake 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 purchasing an additional 149 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on XPO shares. Benchmark restated a “buy” rating on shares of XPO in a research report on Tuesday, December 2nd. Rothschild Redb upgraded XPO to a “strong-buy” rating in a report on Wednesday, November 26th. Bank of America upped their price objective on XPO from $151.00 to $158.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. TD Cowen raised their target price on shares of XPO from $131.00 to $141.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Raymond James Financial boosted their price target on shares of XPO from $132.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, XPO has a consensus rating of “Moderate Buy” and an average target price of $148.81.

XPO Price Performance

Shares of XPO stock opened at $149.03 on Monday. The stock has a market cap of $17.49 billion, a price-to-earnings ratio of 53.61, a price-to-earnings-growth ratio of 2.96 and a beta of 2.03. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50 day moving average price of $135.61 and a 200-day moving average price of $130.32. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00.

XPO (NYSE:XPO) last issued its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. The company had revenue of ($2,243.00) million during the quarter. XPO had a return on equity of 26.14% and a net margin of 4.13%. Equities analysts expect that XPO, Inc. will post 4.15 EPS for the current 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.