United Capital Financial Advisors LLC Purchases New Shares in XPO, Inc. $XPO

United Capital Financial Advisors LLC acquired a new stake in shares of XPO, Inc. (NYSE:XPO) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,032 shares of the transportation company’s stock, valued at approximately $1,444,000.

A number of other hedge funds have also recently bought and sold shares of XPO. Equitable Holdings Inc. bought a new stake in shares of XPO in the 2nd quarter worth $486,000. Formula Growth Ltd. bought a new position in shares of XPO during the 2nd quarter worth approximately $4,722,000. Jefferies Financial Group Inc. purchased a new position in shares of XPO in the 2nd quarter worth approximately $1,232,000. Public Employees Retirement System of Ohio bought a new position in shares of XPO in the second quarter valued at approximately $12,742,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of XPO during the second quarter valued at approximately $32,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wells Fargo & Company raised their target price on XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. UBS Group boosted their price target on shares of XPO from $236.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. increased their price target on shares of XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Oppenheimer raised their price objective on shares of XPO from $236.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Citigroup lowered their price objective on shares of XPO from $226.00 to $221.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $225.86.

Insider Buying and Selling

In related news, CAO Christopher Michael Brown sold 3,750 shares of the firm’s 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 completion of the transaction, the chief accounting officer directly owned 31,005 shares of the company’s stock, valued at approximately $6,261,149.70. This trade represents a 10.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.87% of the company’s stock.

XPO Stock Down 1.6%

Shares of NYSE XPO opened at $188.58 on Friday. 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 has a market capitalization of $22.08 billion, a PE ratio of 55.63, a P/E/G ratio of 1.91 and a beta of 1.85. XPO, Inc. has a one year low of $121.48 and a one year high of $232.05. The business’s fifty day moving average price is $203.99 and its 200-day moving average price is $205.35.

XPO (NYSE:XPO) last issued its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. The firm 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%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share. On average, equities research analysts anticipate that XPO, Inc. will post 5.44 EPS for the current 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.