Emerald Advisers LLC Buys 2,760 Shares of XPO, Inc. $XPO

Emerald Advisers LLC increased its stake in shares of XPO, Inc. (NYSE:XPO) by 77.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,325 shares of the transportation company’s stock after acquiring an additional 2,760 shares during the quarter. Emerald Advisers LLC’s holdings in XPO were worth $1,231,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Toth Financial Advisory Corp grew its position in shares of XPO by 100.0% during the fourth 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 purchased a new stake in shares of XPO in the fourth quarter worth about $28,000. Torren Management LLC bought a new position in XPO during the fourth quarter valued at approximately $37,000. Horizon Investments LLC bought a new position in XPO during the third quarter valued at approximately $39,000. Finally, International Assets Investment Management LLC bought a new position in XPO during the fourth quarter valued at approximately $41,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on XPO. Susquehanna increased their target price on XPO from $212.00 to $214.00 and gave the company a “neutral” rating in a research report on Tuesday. TD Cowen upped their price target on shares of XPO from $192.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Raymond James Financial decreased their price target on shares of XPO from $233.00 to $225.00 and set an “outperform” rating on the stock in a research note on Monday. BMO Capital Markets increased their price objective on shares of XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. Finally, Weiss Ratings raised shares of XPO from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and an average target price of $219.57.

Insider Buying and Selling

In other news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the transaction, the director directly owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.87% of the stock is owned by corporate insiders.

XPO Stock Up 0.2%

Shares of XPO opened at $209.78 on Wednesday. The firm has a fifty day moving average price of $208.77 and a 200-day moving average price of $193.54. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $24.63 billion, a P/E ratio of 71.84, a P/E/G ratio of 2.41 and a beta of 1.85. XPO, Inc. has a 12-month low of $116.68 and a 12-month high of $232.05.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the firm posted $0.73 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts expect that XPO, Inc. will post 4.9 earnings per share 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.