11,471 Shares in XPO, Inc. $XPO Bought by Empowered Funds LLC

Empowered Funds LLC acquired a new stake in shares of XPO, Inc. (NYSE:XPO) in the second quarter, HoldingsChannel.com reports. The firm acquired 11,471 shares of the transportation company’s stock, valued at approximately $2,355,000.

A number of other institutional investors also recently bought and sold shares of XPO. Elyxium Wealth LLC purchased a new position in XPO in the fourth quarter worth about $28,000. Keating Financial Advisory Services Inc. bought a new stake in shares of XPO during the 2nd quarter valued at about $32,000. Transamerica Financial Advisors LLC purchased a new stake in shares of XPO during the 2nd quarter valued at about $32,000. Horizon Investments LLC purchased a new stake in shares of XPO during the 3rd quarter valued at about $39,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of XPO during the 4th quarter valued at about $41,000. Institutional investors own 97.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on XPO. Stifel Nicolaus raised their price objective on shares of XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $247.00 target price on shares of XPO in a report on Thursday, July 30th. BMO Capital Markets increased their price target on shares of XPO from $240.00 to $245.00 and gave the stock an “outperform” rating in a research report on Thursday, June 4th. Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Finally, Citigroup cut their price objective on shares of XPO from $226.00 to $221.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $225.86.

XPO Stock Up 0.7%

XPO stock opened at $186.30 on Thursday. XPO, Inc. has a twelve month low of $121.48 and a twelve month high of $232.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. The stock has a market cap of $21.81 billion, a P/E ratio of 54.96, a PEG ratio of 1.88 and a beta of 1.85. The business’s 50-day moving average price is $203.36 and its 200-day moving average price is $205.16.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The firm’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 EPS. On average, equities research analysts forecast that XPO, Inc. will post 5.44 EPS for the current year.

Insider Buying and Selling at XPO

In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at $6,261,149.70. This represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by insiders.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.