Resources Management Corp CT ADV Buys 8,229 Shares of XPO, Inc. $XPO

Resources Management Corp CT ADV raised its stake in XPO, Inc. (NYSE:XPO) by 631.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,532 shares of the transportation company’s stock after acquiring an additional 8,229 shares during the period. Resources Management Corp CT ADV’s holdings in XPO were worth $1,295,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in XPO. Amundi increased its holdings in shares of XPO by 50.7% in the 1st quarter. Amundi now owns 5,412 shares of the transportation company’s stock worth $582,000 after buying an additional 1,820 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of XPO by 7.6% in the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after buying an additional 1,243 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of XPO by 3.2% in the 1st quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after buying an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of XPO by 35.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after buying an additional 88 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of XPO in the 2nd quarter worth about $611,000. 97.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. BMO Capital Markets boosted their target price on shares of XPO from $240.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. TD Cowen boosted their target price on shares of XPO from $192.00 to $224.00 and gave the stock a “buy” rating in a report on Friday, May 1st. JPMorgan Chase & Co. boosted their target price on shares of XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Finally, Wells Fargo & Company boosted their target price on shares of XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.38.

Insider Buying and Selling

In related news, Director Allison Landry sold 2,400 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the transaction, the director directly owned 4,849 shares in the company, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.

XPO Stock Performance

Shares of NYSE:XPO opened at $227.88 on Monday. The company has a market capitalization of $26.76 billion, a price-to-earnings ratio of 78.04, a PEG ratio of 2.65 and a beta of 1.83. XPO, Inc. has a 12 month low of $116.68 and a 12 month high of $232.05. The firm’s 50-day moving average is $213.19 and its 200 day moving average is $183.87. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 EPS. Research analysts predict that XPO, Inc. will post 4.85 EPS for the current year.

XPO Profile

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.