XPO, Inc. $XPO Stock: Pictet Asset Management Holding SA Grows Holdings

Pictet Asset Management Holding SA boosted its stake in XPO, Inc. (NYSE:XPO) by 97.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,227 shares of the transportation company’s stock after buying an additional 77,478 shares during the quarter. Pictet Asset Management Holding SA’s holdings in XPO were worth $27,669,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC increased its stake in XPO by 1.8% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 9,071 shares of the transportation company’s stock worth $1,596,000 after buying an additional 164 shares in the last quarter. Heritage Family Offices LLP purchased a new position in shares of XPO in the third quarter valued at approximately $61,000. Kestra Advisory Services LLC boosted its stake in shares of XPO by 20.2% in the third quarter. Kestra Advisory Services LLC now owns 3,011 shares of the transportation company’s stock worth $530,000 after acquiring an additional 505 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of XPO by 79.5% in the third quarter. Chicago Partners Investment Group LLC now owns 3,417 shares of the transportation company’s stock worth $626,000 after acquiring an additional 1,513 shares during the last quarter. Finally, Markel Group Inc. acquired a new stake in shares of XPO in the third quarter worth approximately $1,526,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Trading Up 0.2%

XPO opened at $188.65 on Thursday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.99 and a quick ratio of 0.99. The company’s 50 day simple moving average is $182.88 and its two-hundred day simple moving average is $197.64. XPO, Inc. has a 1-year low of $124.82 and a 1-year high of $232.05. The firm has a market capitalization of $21.98 billion, a price-to-earnings ratio of 44.49, a price-to-earnings-growth ratio of 1.72 and a beta of 1.87.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, October 29th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.12. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. XPO had a return on equity of 32.80% and a net margin of 5.69%. The business’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 earnings per share. Analysts expect that XPO, Inc. will post 5.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on XPO. UBS Group dropped their price target on XPO from $257.00 to $232.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Citizens Jmp began coverage on XPO in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $210.00 target price on shares of XPO in a research note on Friday, October 30th. Susquehanna lowered their target price on shares of XPO from $225.00 to $194.00 and set a “neutral” rating on the stock in a research note on Friday, October 2nd. Finally, Stifel Nicolaus set a $235.00 target price on shares of XPO in a report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $221.45.

Insider Buying and Selling

In other XPO news, CFO Kyle Wismans sold 750 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $191.62, for a total value of $143,715.00. Following the completion of the sale, the chief financial officer directly owned 47,216 shares of the company’s stock, valued at $9,047,529.92. This trade represents a 1.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO David J. 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 value of $469,157.15. Following the completion of the sale, the chief operating officer directly owned 64,735 shares of the company’s stock, valued at $11,614,106.35. This trade represents a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 10,095 shares of company stock worth $1,851,171. 0.87% of the stock is currently owned by company insiders.

XPO Profile

XPO Inc. is a transportation company focused on less-than-truckload (LTL) shipping in North America. Its network combines freight from multiple customers into shared truckloads, serving businesses that need to ship goods too large for parcel delivery but not large enough to fill an entire trailer. The company provides pickup and delivery, linehaul transportation between service centers, and related freight-handling services. Its operations primarily serve customers in the United States, with cross-border coverage in Canada and Mexico.