Bank of New York Mellon Corp Buys 6,167 Shares of XPO, Inc. $XPO

Bank of New York Mellon Corp raised its stake in XPO, Inc. (NYSE:XPO) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 716,747 shares of the transportation company’s stock after acquiring an additional 6,167 shares during the period. Bank of New York Mellon Corp’s holdings in XPO were worth $139,443,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Toth Financial Advisory Corp increased its holdings in XPO by 100.0% during the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Elyxium Wealth LLC acquired a new position in XPO in the fourth quarter worth $28,000. Torren Management LLC acquired a new position in XPO in the fourth quarter worth $37,000. International Assets Investment Management LLC bought a new stake in shares of XPO during the fourth quarter worth $41,000. Finally, Horizon Investments LLC bought a new stake in shares of XPO during the third quarter worth $39,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Down 0.2%

XPO stock opened at $214.67 on Monday. The firm has a market capitalization of $25.20 billion, a price-to-earnings ratio of 73.52, a PEG ratio of 2.48 and a beta of 1.85. The company’s 50 day simple moving average is $209.09 and its 200 day simple moving average is $195.07. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. XPO, Inc. has a fifty-two week low of $116.68 and a fifty-two week high of $232.05.

XPO (NYSE:XPO) last issued its earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. As a group, sell-side analysts anticipate that XPO, Inc. will post 4.9 EPS for the current year.

Analyst Upgrades and Downgrades

XPO has been the subject of several research reports. Evercore upgraded shares of XPO from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. Barclays upped their target price on shares of XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. UBS Group raised their price target on shares of XPO from $236.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Benchmark raised their price target on shares of XPO from $220.00 to $240.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Bank of America boosted their price objective on shares of XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.57.

Insider Activity

In other news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 4,849 shares of the company’s stock, valued at $1,045,492.89. The trade was a 33.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is owned by company insiders.

XPO 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.