Traynor Capital Management Inc. Purchases 3,485 Shares of XPO, Inc. $XPO

Traynor Capital Management Inc. raised its stake in XPO, Inc. (NYSE:XPO) by 10.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 38,025 shares of the transportation company’s stock after acquiring an additional 3,485 shares during the quarter. Traynor Capital Management Inc.’s holdings in XPO were worth $4,916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Forge First Asset Management Inc. purchased a new position in shares of XPO in the second quarter valued at about $6,079,000. Allspring Global Investments Holdings LLC increased its holdings in XPO by 86.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 86,726 shares of the transportation company’s stock valued at $11,008,000 after purchasing an additional 40,235 shares during the period. Gateway Investment Advisers LLC raised its position in XPO by 67.2% during the 3rd quarter. Gateway Investment Advisers LLC now owns 18,431 shares of the transportation company’s stock valued at $2,383,000 after purchasing an additional 7,406 shares during the last quarter. First Citizens Bank & Trust Co. lifted its holdings in XPO by 128.8% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 10,549 shares of the transportation company’s stock worth $1,332,000 after buying an additional 5,939 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of XPO by 8.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 37,900 shares of the transportation company’s stock worth $4,786,000 after buying an additional 2,834 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XPO has been the subject of several research analyst reports. Wolfe Research lowered shares of XPO from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 8th. Evercore ISI reaffirmed an “in-line” rating and issued a $148.00 price objective (down previously from $151.00) on shares of XPO in a report on Monday, January 12th. Bank of America lifted their target price on XPO from $151.00 to $158.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $163.00 price target on shares of XPO in a research note on Thursday, January 15th. Finally, Truist Financial set a $145.00 price objective on XPO in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.29.

XPO Price Performance

XPO stock opened at $148.02 on Thursday. The stock has a market cap of $17.38 billion, a PE ratio of 53.25, a P/E/G ratio of 2.71 and a beta of 2.02. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $155.95. The company has a 50-day moving average price of $143.40 and a 200 day moving average price of $135.13. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.77.

XPO (NYSE:XPO) last released its earnings results on Thursday, October 30th. The transportation company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.06. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.08 billion. XPO had a return on equity of 26.14% and a net margin of 4.13%.The business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.02 earnings per share. Equities research analysts anticipate that XPO, Inc. will post 4.15 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.