Wedmont Private Capital Takes $261,000 Position in XPO, Inc. (NYSE:XPO)

Wedmont Private Capital purchased a new position in shares of XPO, Inc. (NYSE:XPO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,946 shares of the transportation company's stock, valued at approximately $261,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of XPO. Quest Partners LLC acquired a new stake in XPO during the 2nd quarter worth approximately $28,000. Envestnet Asset Management Inc. lifted its holdings in shares of XPO by 32.3% during the second quarter. Envestnet Asset Management Inc. now owns 74,489 shares of the transportation company's stock worth $7,907,000 after purchasing an additional 18,186 shares during the period. Dimensional Fund Advisors LP grew its position in XPO by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company's stock valued at $159,243,000 after buying an additional 130,322 shares during the last quarter. Renaissance Technologies LLC purchased a new position in XPO in the 2nd quarter valued at $16,540,000. Finally, Mercer Global Advisors Inc. ADV increased its stake in XPO by 43.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,197 shares of the transportation company's stock valued at $658,000 after buying an additional 1,877 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XPO has been the topic of several analyst reports. Evercore ISI lowered their target price on shares of XPO from $129.00 to $125.00 and set an "outperform" rating on the stock in a report on Thursday, October 3rd. Oppenheimer boosted their target price on XPO from $148.00 to $176.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Jefferies Financial Group raised their price target on XPO from $150.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 10th. Barclays dropped their price objective on XPO from $170.00 to $165.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Wells Fargo & Company cut their price objective on XPO from $175.00 to $170.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.71.

XPO Price Performance

Shares of NYSE XPO traded down $0.71 on Friday, hitting $137.82. The company's stock had a trading volume of 1,071,934 shares, compared to its average volume of 1,500,802. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a 50 day moving average of $144.98 and a 200-day moving average of $124.68. XPO, Inc. has a 12-month low of $81.19 and a 12-month high of $161.00. The company has a market capitalization of $16.04 billion, a price-to-earnings ratio of 44.60, a price-to-earnings-growth ratio of 1.70 and a beta of 2.11.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. The firm had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. XPO's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. As a group, research analysts predict that XPO, Inc. will post 3.6 EPS for the current year.

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.