Global Retirement Partners LLC Makes New Investment in XPO, Inc. $XPO

Global Retirement Partners LLC bought a new stake in shares of XPO, Inc. (NYSE:XPO) during the 2nd quarter, HoldingsChannel reports. The firm bought 4,229 shares of the transportation company’s stock, valued at approximately $868,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Elyxium Wealth LLC bought a new stake in XPO during the fourth quarter valued at about $28,000. Torren Management LLC purchased a new position in XPO during the 4th quarter valued at approximately $37,000. Horizon Investments LLC bought a new position in shares of XPO in the 3rd quarter valued at about $39,000. International Assets Investment Management LLC bought a new stake in shares of XPO in the 4th quarter valued at approximately $41,000. Finally, EverSource Wealth Advisors LLC increased its position in XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 88 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

Insider Buying and Selling at XPO

In related news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the sale, the director directly owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Christopher Michael Brown sold 3,750 shares of XPO 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 transaction, the chief accounting officer owned 31,005 shares of the company’s stock, valued at approximately $6,261,149.70. This represents a 10.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 7,400 shares of company stock worth $1,526,502. 0.87% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

XPO has been the subject of a number of research reports. Evercore upgraded XPO from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. Susquehanna lifted their price objective on shares of XPO from $212.00 to $214.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Stephens increased their target price on shares of XPO from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Jefferies Financial Group upped their price target on XPO to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Bank of America raised their price objective on XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, XPO has an average rating of “Moderate Buy” and a consensus target price of $225.86.

XPO Price Performance

Shares of NYSE XPO opened at $202.92 on Wednesday. XPO, Inc. has a 52 week low of $121.48 and a 52 week high of $232.05. The business’s 50 day moving average price is $207.13 and its 200 day moving average price is $204.32. 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 firm has a market cap of $23.76 billion, a P/E ratio of 59.86, a P/E/G ratio of 2.14 and a beta of 1.85.

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

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.