Northwestern Mutual Wealth Management Co. Makes New $1.21 Million Investment in XPO, Inc. $XPO

Northwestern Mutual Wealth Management Co. purchased a new stake in XPO, Inc. (NYSE:XPO) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 5,912 shares of the transportation company’s stock, valued at approximately $1,214,000.

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC boosted its holdings in XPO by 13.2% in the first quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock valued at $82,000 after purchasing an additional 49 shares during the period. V Square Quantitative Management LLC increased its holdings in XPO by 19.1% during the 1st quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock worth $73,000 after purchasing an additional 60 shares during the period. Smartleaf Asset Management LLC increased its holdings in XPO by 13.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company’s stock worth $68,000 after purchasing an additional 60 shares during the period. Root Financial Partners LLC increased its holdings in XPO by 21.1% during the 1st quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock worth $70,000 after purchasing an additional 63 shares during the period. Finally, UMB Bank n.a. raised its position in XPO by 4.4% in the 4th quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company’s stock valued at $202,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Stock Up 0.2%

XPO stock opened at $192.37 on Wednesday. The stock has a market cap of $22.52 billion, a PE ratio of 56.75, a P/E/G ratio of 1.95 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s fifty day moving average is $204.54 and its two-hundred day moving average is $205.50. XPO, Inc. has a 1-year low of $121.48 and a 1-year high of $232.05.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on XPO. Oppenheimer lifted their price objective on XPO from $236.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Stephens upped their target price on shares of XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Weiss Ratings raised shares of XPO from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Evercore upgraded shares of XPO from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. Finally, Stifel Nicolaus boosted their price target on shares of XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $225.86.

Insider Activity at XPO

In other XPO news, Director Allison Landry sold 2,400 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the transaction, the director directly owned 4,849 shares in the company, valued at $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Christopher Michael Brown sold 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the sale, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 7,400 shares of company stock valued at $1,526,502. 0.87% of the stock is owned by company 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.