XPO, Inc. $XPO Shares Acquired by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. boosted its position in XPO, Inc. (NYSE:XPO) by 100.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,400 shares of the transportation company’s stock after acquiring an additional 4,700 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in XPO were worth $1,654,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Keating Financial Advisory Services Inc. acquired a new position in XPO during the 2nd quarter valued at about $32,000. Transamerica Financial Advisors LLC purchased a new position in shares of XPO in the 2nd quarter worth about $32,000. Root Financial Partners LLC raised its holdings in shares of XPO by 21.1% in the 1st quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock worth $70,000 after purchasing an additional 63 shares during the period. V Square Quantitative Management LLC raised its stake in shares of XPO by 19.1% in the first quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock valued at $73,000 after buying an additional 60 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of XPO by 13.2% during the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock valued at $82,000 after buying an additional 49 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Buying and Selling at XPO

In other XPO news, COO David Bates sold 2,615 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $179.41, for a total transaction of $469,157.15. Following the completion of the transaction, the chief operating officer owned 64,735 shares of the company’s stock, valued at approximately $11,614,106.35. This trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Wismans sold 750 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $175.47, for a total transaction of $131,602.50. Following the completion of the sale, the chief financial officer directly owned 47,966 shares in the company, valued at $8,416,594.02. This represents a 1.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 11,730 shares of company stock valued at $2,208,974. 0.87% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on XPO. Evercore raised shares of XPO from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. Stifel Nicolaus set a $230.00 price target on shares of XPO and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings lowered XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Raymond James Financial decreased their target price on shares of XPO from $233.00 to $225.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Finally, Bank of America boosted their price objective on XPO from $228.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $223.55.

XPO Trading Up 0.5%

Shares of NYSE:XPO traded up $0.98 on Thursday, hitting $181.34. The company had a trading volume of 244,974 shares, compared to its average volume of 1,424,752. 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, Inc. has a 1 year low of $121.48 and a 1 year high of $232.05. The firm’s 50-day simple moving average is $189.72 and its two-hundred day simple moving average is $202.00. The firm has a market capitalization of $21.23 billion, a price-to-earnings ratio of 53.45, a P/E/G ratio of 1.84 and a beta of 1.85.

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

XPO Company Profile

XPO, Inc is a transportation and logistics company that provides freight services to businesses in North America and Europe. Its primary business is less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trailers. The company serves manufacturers, retailers, distributors and other commercial customers.

XPO’s services include regional, interregional and cross-border LTL transportation, freight pickup and delivery, shipment tracking, and related supply chain solutions.