Perennial Investment Advisors LLC Invests $562,000 in XPO, Inc. $XPO

Perennial Investment Advisors LLC acquired a new stake in XPO, Inc. (NYSE:XPO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,738 shares of the transportation company’s stock, valued at approximately $562,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of XPO. Keating Financial Advisory Services Inc. acquired a new position in XPO during the second quarter valued at $32,000. Elyxium Wealth LLC acquired a new position in shares of XPO in the 4th quarter valued at about $28,000. Torren Management LLC purchased a new stake in shares of XPO in the fourth quarter worth approximately $37,000. International Assets Investment Management LLC purchased a new position in XPO during the fourth quarter valued at approximately $41,000. Finally, Horizon Investments LLC purchased a new position in shares of XPO during the 3rd quarter valued at $39,000. Institutional investors own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

XPO has been the topic of several recent research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $247.00 price objective on shares of XPO in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of XPO from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. UBS Group upped their price target on XPO from $236.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Raymond James Financial reduced their price objective on shares of XPO from $233.00 to $225.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Finally, Evercore upgraded XPO from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $225.86.

Insider Activity at XPO

In other news, CAO Christopher Michael Brown sold 3,750 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer owned 31,005 shares in the company, valued at $6,261,149.70. This trade represents a 10.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is currently owned by corporate insiders.

XPO Trading Up 0.5%

NYSE XPO opened at $192.82 on Thursday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. XPO, Inc. has a one year low of $121.48 and a one year high of $232.05. The stock’s 50-day moving average is $204.36 and its 200-day moving average is $205.55. The firm has a market cap of $22.58 billion, a P/E ratio of 56.88, a P/E/G ratio of 1.95 and a beta of 1.85.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year. Sell-side analysts anticipate that XPO, Inc. will post 5.44 earnings per share for the current fiscal 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.