Proficio Capital Partners LLC Makes New Investment in XPO, Inc. (NYSE:XPO)

Proficio Capital Partners LLC bought a new position in XPO, Inc. (NYSE:XPO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 66,887 shares of the transportation company's stock, valued at approximately $8,772,000. Proficio Capital Partners LLC owned 0.06% of XPO as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. grew its position in XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock worth $71,000 after acquiring an additional 86 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in XPO by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company's stock worth $245,000 after buying an additional 107 shares during the period. Greenleaf Trust boosted its holdings in XPO by 5.0% in the fourth quarter. Greenleaf Trust now owns 2,374 shares of the transportation company's stock valued at $311,000 after acquiring an additional 114 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of XPO by 3.6% during the third quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company's stock valued at $359,000 after purchasing an additional 116 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in XPO by 16.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 839 shares of the transportation company's stock valued at $110,000 after acquiring an additional 118 shares during the period. Hedge funds and other institutional investors own 97.73% of the company's stock.

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XPO Stock Performance

Shares of XPO stock traded up $2.32 during midday trading on Wednesday, hitting $111.42. The company had a trading volume of 1,489,608 shares, compared to its average volume of 1,493,744. XPO, Inc. has a 52-week low of $97.03 and a 52-week high of $161.00. The company's 50 day simple moving average is $130.16 and its 200 day simple moving average is $129.74. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 1.79 and a beta of 2.13. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Research analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO David J. Bates bought 1,880 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $106.16 per share, for a total transaction of $199,580.80. Following the completion of the purchase, the chief operating officer now directly owns 21,106 shares in the company, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on XPO shares. Susquehanna upgraded shares of XPO from a "neutral" rating to a "positive" rating and upped their price target for the stock from $155.00 to $180.00 in a research note on Friday, February 7th. Oppenheimer increased their price objective on XPO from $148.00 to $176.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. UBS Group lifted their price target on shares of XPO from $159.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Stephens reissued an "overweight" rating and set a $171.00 price objective on shares of XPO in a report on Wednesday, March 5th. Finally, Bank of America decreased their target price on shares of XPO from $170.00 to $150.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO has an average rating of "Buy" and a consensus target price of $158.47.

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.