Kestra Advisory Services LLC Acquires 3,233 Shares of XPO, Inc. $XPO

Kestra Advisory Services LLC lifted its stake in XPO, Inc. (NYSE:XPO) by 467.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,924 shares of the transportation company’s stock after purchasing an additional 3,233 shares during the quarter. Kestra Advisory Services LLC’s holdings in XPO were worth $763,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Toth Financial Advisory Corp increased its position in XPO by 100.0% during the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Elyxium Wealth LLC bought a new stake in XPO in the fourth quarter worth $28,000. Torren Management LLC bought a new stake in XPO in the fourth quarter worth $37,000. International Assets Investment Management LLC purchased a new stake in shares of XPO in the fourth quarter worth $41,000. Finally, Horizon Investments LLC purchased a new stake in shares of XPO in the third quarter worth $39,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on XPO. Stephens upgraded XPO to a “strong-buy” rating in a report on Wednesday, July 8th. Oppenheimer increased their price objective on shares of XPO from $228.00 to $236.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Morgan Stanley set a $105.00 price objective on shares of XPO and gave the company an “underweight” rating in a research report on Friday, May 1st. Jefferies Financial Group raised their price objective on shares of XPO to $275.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Citigroup started coverage on shares of XPO in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $219.76.

XPO Stock Down 0.7%

XPO stock opened at $212.60 on Friday. XPO, Inc. has a 12 month low of $116.68 and a 12 month high of $232.05. The stock has a fifty day simple moving average of $210.31 and a two-hundred day simple moving average of $197.33. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a market cap of $24.96 billion, a price-to-earnings ratio of 72.81, a PEG ratio of 2.44 and a beta of 1.85.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts predict that XPO, Inc. will post 4.91 EPS for the current fiscal year.

XPO Company 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.