C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $163.94 Million in XPO, Inc. (NYSE:XPO)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in XPO, Inc. (NYSE:XPO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,250,000 shares of the transportation company's stock, valued at approximately $163,938,000. XPO accounts for about 7.6% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' investment portfolio, making the stock its 4th largest holding. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned approximately 1.07% of XPO at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in XPO. Versant Capital Management Inc bought a new position in shares of XPO in the 4th quarter valued at $29,000. ORG Wealth Partners LLC bought a new position in shares of XPO during the third quarter worth about $25,000. Brooklyn Investment Group bought a new position in XPO during the 3rd quarter worth approximately $57,000. UMB Bank n.a. boosted its position in XPO by 19.0% during the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company's stock valued at $71,000 after acquiring an additional 86 shares during the last quarter. Finally, Continuum Advisory LLC grew its stake in XPO by 51.3% during the third quarter. Continuum Advisory LLC now owns 900 shares of the transportation company's stock worth $97,000 after purchasing an additional 305 shares during the period. Institutional investors and hedge funds own 97.73% of the company's stock.

Wall Street Analysts Forecast Growth

XPO has been the topic of a number of research analyst reports. Barclays cut their price objective on shares of XPO from $170.00 to $165.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus increased their target price on XPO from $124.00 to $147.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Susquehanna upgraded shares of XPO from a "neutral" rating to a "positive" rating and boosted their price target for the company from $155.00 to $180.00 in a research note on Friday, February 7th. Citigroup raised their price objective on shares of XPO from $155.00 to $179.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Finally, Oppenheimer raised their price target on shares of XPO from $148.00 to $176.00 and gave the company an "outperform" 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. According to MarketBeat, XPO presently has an average rating of "Moderate Buy" and a consensus price target of $161.13.

XPO Stock Performance

NYSE:XPO traded up $2.22 during trading hours on Friday, reaching $145.65. The stock had a trading volume of 762,400 shares, compared to its average volume of 1,433,174. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $16.95 billion, a P/E ratio of 45.09, a price-to-earnings-growth ratio of 1.93 and a beta of 2.12. XPO, Inc. has a 12-month low of $97.03 and a 12-month high of $161.00. The stock has a 50 day simple moving average of $140.46 and a 200 day simple moving average of $129.25.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating 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%. On average, research analysts forecast that XPO, Inc. will post 4.16 EPS 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.