American Trust Takes Position in XPO, Inc. $XPO

American Trust acquired a new position in shares of XPO, Inc. (NYSE:XPO) in the second quarter, Holdings Channel.com reports. The fund acquired 3,598 shares of the transportation company’s stock, valued at approximately $454,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XPO. Thrivent Financial for Lutherans increased its stake in XPO by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 27,738 shares of the transportation company’s stock valued at $3,503,000 after acquiring an additional 249 shares during the last quarter. State of Wyoming purchased a new position in shares of XPO in the 2nd quarter worth about $139,000. Geneos Wealth Management Inc. increased its position in shares of XPO by 8.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,288 shares of the transportation company’s stock valued at $415,000 after purchasing an additional 268 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of XPO by 4.0% during the 2nd quarter. Westwood Holdings Group Inc. now owns 191,730 shares of the transportation company’s stock valued at $24,214,000 after buying an additional 7,319 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in XPO by 155.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 11,347 shares of the transportation company’s stock worth $1,433,000 after buying an additional 6,897 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XPO has been the topic of a number of recent research reports. Raymond James Financial increased their price target on shares of XPO from $132.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Benchmark reiterated a “buy” rating on shares of XPO in a research report on Tuesday, December 2nd. Truist Financial set a $145.00 price target on shares of XPO in a research note on Tuesday, October 14th. UBS Group raised their price objective on XPO from $150.00 to $162.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Finally, Cowen reiterated a “buy” rating on shares of XPO in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.81.

XPO Stock Down 1.6%

Shares of NYSE:XPO opened at $146.71 on Tuesday. The firm has a market capitalization of $17.22 billion, a P/E ratio of 52.78, a P/E/G ratio of 2.96 and a beta of 2.03. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50 day moving average price of $135.88 and a 200-day moving average price of $130.53. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $161.00.

XPO (NYSE:XPO) last issued its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. The company had revenue of ($2,243.00) million for the quarter. XPO had a return on equity of 26.14% and a net margin of 4.13%. As a group, equities research analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO Company Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.