Weiss Asset Management LP Buys Shares of 8,374 XPO, Inc. (NYSE:XPO)

Weiss Asset Management LP bought a new stake in shares of XPO, Inc. (NYSE:XPO - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,374 shares of the transportation company's stock, valued at approximately $900,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Perennial Investment Advisors LLC lifted its position in XPO by 5.5% during the second quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company's stock valued at $210,000 after purchasing an additional 103 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of XPO by 3.6% in the third quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company's stock valued at $359,000 after acquiring an additional 116 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its position in shares of XPO by 9.8% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company's stock valued at $150,000 after acquiring an additional 126 shares in the last quarter. Stephens Inc. AR lifted its position in shares of XPO by 6.4% in the third quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company's stock valued at $256,000 after acquiring an additional 142 shares in the last quarter. Finally, Resources Management Corp CT ADV lifted its position in shares of XPO by 1.9% in the second quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company's stock valued at $805,000 after acquiring an additional 145 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XPO has been the topic of several research analyst reports. Stephens restated an "overweight" rating and issued a $165.00 price objective on shares of XPO in a research report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their price objective on XPO from $146.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday. Stifel Nicolaus boosted their price objective on XPO from $125.00 to $126.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Barclays boosted their price objective on XPO from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Finally, Evercore ISI reduced their target price on XPO from $129.00 to $125.00 and set an "outperform" rating on the stock in a report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $143.13.

XPO Trading Up 1.3 %

NYSE XPO traded up $1.95 during trading hours on Monday, hitting $153.58. 3,228,259 shares of the company were exchanged, compared to its average volume of 1,468,062. The stock has a 50-day moving average price of $131.73 and a 200 day moving average price of $117.75. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO, Inc. has a 52 week low of $80.26 and a 52 week high of $156.85. The stock has a market cap of $17.88 billion, a PE ratio of 49.07, a price-to-earnings-growth ratio of 2.30 and a beta of 2.08.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share 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 company had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2.02 billion. During the same period in the previous year, the firm posted $0.88 earnings per share. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. Analysts forecast that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

XPO Company 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.