Citizens Financial Group Inc. RI Purchases Shares of 24,850 XPO, Inc. $XPO

Citizens Financial Group Inc. RI purchased a new stake in XPO, Inc. (NYSE:XPO) during the 2nd quarter, Holdings Channel reports. The firm purchased 24,850 shares of the transportation company’s stock, valued at approximately $5,101,000.

Other hedge funds have also modified their holdings of the company. Elyxium Wealth LLC purchased a new position in XPO during the fourth quarter worth $28,000. Torren Management LLC purchased a new stake in shares of XPO during the fourth quarter worth about $37,000. Horizon Investments LLC purchased a new stake in shares of XPO during the third quarter worth about $39,000. International Assets Investment Management LLC acquired a new position in shares of XPO in the fourth quarter valued at approximately $41,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after buying an additional 88 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Morgan Stanley set a $105.00 target price on shares of XPO and gave the stock an “underweight” rating in a research report on Friday, May 1st. Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Weiss Ratings upgraded XPO from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. TD Cowen lifted their price objective on XPO from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Bank of America upped their target price on XPO from $244.00 to $246.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.86.

Insider Buying and Selling at XPO

In related news, CAO Christopher Michael Brown sold 3,750 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the sale, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. This represents a 10.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Allison Landry sold 2,400 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the sale, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 7,400 shares of company stock valued at $1,526,502. 0.87% of the stock is owned by insiders.

XPO Stock Up 0.1%

Shares of XPO opened at $211.20 on Tuesday. XPO, Inc. has a fifty-two week low of $121.48 and a fifty-two week high of $232.05. The company’s fifty day moving average is $207.62 and its two-hundred day moving average is $203.94. The firm has a market cap of $24.73 billion, a PE ratio of 62.30, a price-to-earnings-growth ratio of 2.14 and a beta of 1.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $1.05 EPS. Analysts forecast that XPO, Inc. will post 5.44 earnings per share for the current year.

XPO Company Profile

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.