Okabena Investment Services Inc. Has $1.51 Million Stock Holdings in XPO, Inc. $XPO

Okabena Investment Services Inc. grew its position in XPO, Inc. (NYSE:XPO) by 33.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,705 shares of the transportation company’s stock after buying an additional 2,953 shares during the period. Okabena Investment Services Inc.’s holdings in XPO were worth $1,513,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in XPO. Bayforest Capital Ltd increased its position in XPO by 72.8% in the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after purchasing an additional 83 shares during the period. Root Financial Partners LLC bought a new position in shares of XPO in the 3rd quarter valued at about $32,000. EverSource Wealth Advisors LLC boosted its stake in shares of XPO by 35.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 88 shares during the last quarter. Farmers & Merchants Investments Inc. grew its position in shares of XPO by 247.4% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 337 shares of the transportation company’s stock worth $44,000 after buying an additional 240 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

XPO has been the subject of a number of analyst reports. Benchmark reaffirmed a “buy” rating on shares of XPO in a report on Friday, February 6th. Rothschild & Co Redburn set a $156.00 price objective on XPO in a research note on Wednesday, November 26th. UBS Group set a $210.00 target price on XPO and gave the company a “buy” rating in a research note on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of XPO in a research report on Wednesday, January 21st. Finally, Stifel Nicolaus increased their price target on shares of XPO from $166.00 to $206.00 and gave the company a “buy” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.32.

XPO Trading Up 2.4%

NYSE:XPO opened at $210.12 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.05 and a quick ratio of 1.05. The business’s 50-day simple moving average is $165.74 and its 200-day simple moving average is $145.04. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $212.71. The stock has a market capitalization of $24.62 billion, a PE ratio of 79.29, a price-to-earnings-growth ratio of 2.76 and a beta of 2.01.

XPO (NYSE:XPO) last announced its earnings results on Thursday, February 5th. The transportation company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.76 by $0.12. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.95 billion. XPO had a net margin of 3.87% and a return on equity of 25.07%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. Sell-side analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.