4,964 Shares in XPO, Inc. (NYSE:XPO) Purchased by Neo Ivy Capital Management

Neo Ivy Capital Management purchased a new position in XPO, Inc. (NYSE:XPO - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,964 shares of the transportation company's stock, valued at approximately $534,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cetera Advisors LLC bought a new stake in XPO during the first quarter valued at about $235,000. SG Americas Securities LLC bought a new stake in shares of XPO in the 2nd quarter valued at about $2,172,000. Wealth Enhancement Advisory Services LLC grew its position in shares of XPO by 31.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,871 shares of the transportation company's stock worth $1,791,000 after buying an additional 4,018 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of XPO by 65.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,244 shares of the transportation company's stock worth $451,000 after acquiring an additional 1,684 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company's stock valued at $27,000 after acquiring an additional 258 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on XPO shares. Wells Fargo & Company lifted their price target on shares of XPO from $119.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Barclays upped their target price on XPO from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. increased their price target on XPO from $146.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, December 6th. The Goldman Sachs Group boosted their price target on XPO from $150.00 to $167.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Susquehanna increased their price objective on shares of XPO from $145.00 to $160.00 and gave the company a "positive" rating in a research report on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.31.

XPO Stock Performance

NYSE:XPO traded up $0.05 during mid-day trading on Thursday, hitting $158.18. The company's stock had a trading volume of 1,175,646 shares, compared to its average volume of 1,473,586. The business's fifty day moving average is $134.63 and its two-hundred day moving average is $118.69. The stock has a market cap of $18.41 billion, a price-to-earnings ratio of 51.19, a PEG ratio of 2.30 and a beta of 2.08. XPO, Inc. has a 1 year low of $80.26 and a 1 year high of $159.43. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO - Get Free Report) last posted its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the company earned $0.88 earnings per share. XPO's revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts anticipate that XPO, Inc. will post 3.62 EPS for the current fiscal year.

About XPO

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.