C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes Position in XPO, Inc. (NYSE:XPO)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of XPO, Inc. (NYSE:XPO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,250,000 shares of the transportation company's stock, valued at approximately $163,938,000. XPO comprises approximately 5.8% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' holdings, making the stock its 3rd largest position. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned 1.07% of XPO as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. boosted its stake in shares of XPO by 40.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,632 shares of the transportation company's stock worth $607,000 after acquiring an additional 1,328 shares during the period. CIBC Asset Management Inc raised its position in shares of XPO by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 3,524 shares of the transportation company's stock valued at $462,000 after purchasing an additional 181 shares during the period. Principal Financial Group Inc. lifted its stake in shares of XPO by 1.5% during the 4th quarter. Principal Financial Group Inc. now owns 487,646 shares of the transportation company's stock worth $63,955,000 after buying an additional 6,977 shares during the last quarter. Principal Securities Inc. grew its stake in XPO by 9.8% in the 4th quarter. Principal Securities Inc. now owns 2,701 shares of the transportation company's stock valued at $354,000 after buying an additional 240 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in XPO by 0.3% in the 4th quarter. Rhumbline Advisers now owns 336,384 shares of the transportation company's stock valued at $44,117,000 after acquiring an additional 988 shares during the period. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Trading Up 1.5 %

XPO traded up $2.22 during trading on Monday, hitting $145.65. The company's stock had a trading volume of 762,400 shares, compared to its average volume of 1,433,174. The firm has a market capitalization of $17.08 billion, a P/E ratio of 45.09, a PEG ratio of 1.93 and a beta of 2.12. XPO, Inc. has a twelve month low of $97.03 and a twelve month high of $161.00. The stock's fifty day moving average price is $140.46 and its 200-day moving average price is $129.35. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. Analysts anticipate that XPO, Inc. will post 4.16 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on XPO. TD Cowen upped their target price on XPO from $137.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Stifel Nicolaus increased their price objective on XPO from $124.00 to $147.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Jefferies Financial Group boosted their target price on shares of XPO from $150.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, January 10th. UBS Group raised their price target on shares of XPO from $159.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group upped their price target on shares of XPO from $150.00 to $167.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $161.13.

XPO Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.