Proficio Capital Partners LLC acquired a new position in shares of XPO, Inc. (NYSE:XPO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 66,887 shares of the transportation company's stock, valued at approximately $8,772,000. Proficio Capital Partners LLC owned approximately 0.06% of XPO at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Y Intercept Hong Kong Ltd purchased a new position in XPO in the 4th quarter worth approximately $2,102,000. Handelsbanken Fonder AB lifted its stake in XPO by 6.3% during the fourth quarter. Handelsbanken Fonder AB now owns 32,200 shares of the transportation company's stock worth $4,223,000 after purchasing an additional 1,900 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of XPO in the 4th quarter worth about $163,938,000. Atria Wealth Solutions Inc. boosted its holdings in shares of XPO by 40.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 4,632 shares of the transportation company's stock worth $607,000 after purchasing an additional 1,328 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of XPO by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 3,524 shares of the transportation company's stock valued at $462,000 after purchasing an additional 181 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.
XPO Trading Down 0.7 %
Shares of XPO traded down $0.84 during mid-day trading on Thursday, hitting $111.90. 498,677 shares of the company's stock traded hands, compared to its average volume of 1,469,273. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $13.12 billion, a P/E ratio of 34.75, a PEG ratio of 1.79 and a beta of 2.12. The business's 50-day moving average price is $134.81 and its 200-day moving average price is $130.37. XPO, Inc. has a 1 year low of $97.03 and a 1 year high of $161.00.
XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping 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%. As a group, sell-side analysts forecast that XPO, Inc. will post 4.15 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages have issued reports on XPO. Wells Fargo & Company cut their target price on XPO from $175.00 to $170.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $147.00 price objective for the company in a report on Monday, February 24th. Vertical Research raised shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a report on Thursday. Barclays decreased their target price 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. Finally, Benchmark upped their price target on shares of XPO from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Seventeen analysts have rated the stock with a buy rating, According to data from MarketBeat, XPO has a consensus rating of "Buy" and an average price target of $161.18.
Check Out Our Latest Stock Analysis on XPO
XPO Company Profile
(
Free Report)
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.
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