5,357 Shares in XPO, Inc. $XPO Bought by Evolve Private Wealth LLC

Evolve Private Wealth LLC purchased a new position in XPO, Inc. (NYSE:XPO) in the second quarter, Holdings Channel.com reports. The firm purchased 5,357 shares of the transportation company’s stock, valued at approximately $1,100,000.

A number of other institutional investors and hedge funds have also bought and sold shares of XPO. Amundi grew its position in shares of XPO by 50.7% during the first quarter. Amundi now owns 5,412 shares of the transportation company’s stock worth $582,000 after purchasing an additional 1,820 shares in the last quarter. AQR Capital Management LLC lifted its holdings in XPO by 7.6% in the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after purchasing an additional 1,243 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in XPO by 3.2% in the 1st quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after purchasing an additional 355 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in XPO by 35.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after purchasing an additional 88 shares during the period. Finally, Marshall Wace LLP bought a new position in XPO in the 2nd quarter worth approximately $611,000. 97.73% of the stock is owned by institutional investors.

XPO Stock Performance

NYSE:XPO opened at $198.74 on Monday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. XPO, Inc. has a 1 year low of $121.48 and a 1 year high of $232.05. The stock’s 50 day simple moving average is $205.54 and its two-hundred day simple moving average is $205.25. The company has a market cap of $23.27 billion, a price-to-earnings ratio of 58.63, a PEG ratio of 2.01 and a beta of 1.85.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.22. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. As a group, equities analysts anticipate that XPO, Inc. will post 5.44 earnings per share for the current fiscal year.

Insider Buying and Selling at XPO

In related news, CAO Christopher Michael Brown sold 3,750 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the sale, the chief accounting officer owned 31,005 shares of the company’s stock, valued at $6,261,149.70. This represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Allison Landry sold 2,400 shares of the stock in a transaction 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 owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This trade represents a 33.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 7,400 shares of company stock worth $1,526,502 in the last 90 days. 0.87% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

XPO has been the topic of several recent analyst reports. TD Cowen lifted their price objective on shares of XPO from $224.00 to $228.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings upgraded shares of XPO from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $247.00 target price on shares of XPO in a research note on Thursday, July 30th. Stifel Nicolaus lifted their price target on shares of XPO from $237.00 to $241.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, 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 research note on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $225.86.

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.