Aureus Asset Management LLC Invests $1.08 Million in XPO, Inc. (NYSE:XPO)

Aureus Asset Management LLC purchased a new position in shares of XPO, Inc. (NYSE:XPO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the transportation company’s stock, valued at approximately $1,075,000.

Other large investors have also modified their holdings of the company. Traynor Capital Management Inc. raised its stake in shares of XPO by 125.2% during the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after purchasing an additional 13,422 shares during the last quarter. PCJ Investment Counsel Ltd. raised its stake in shares of XPO by 36.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock worth $4,344,000 after purchasing an additional 10,740 shares during the last quarter. Whalen Wealth Management Inc. purchased a new stake in shares of XPO during the third quarter worth approximately $706,000. Westwood Holdings Group Inc. raised its stake in shares of XPO by 38.6% during the second quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company’s stock worth $21,782,000 after purchasing an additional 57,192 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in XPO by 595.5% in the second quarter. Hsbc Holdings PLC now owns 25,565 shares of the transportation company’s stock worth $2,718,000 after acquiring an additional 21,889 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Up 1.5 %

XPO opened at $152.41 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The firm has a market cap of $17.74 billion, a P/E ratio of 49.32, a PEG ratio of 2.29 and a beta of 2.07. XPO, Inc. has a 52 week low of $78.72 and a 52 week high of $156.85. The business’s fifty day simple moving average is $127.72 and its 200 day simple moving average is $116.20.

XPO (NYSE:XPO) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. As a group, equities research analysts anticipate that XPO, Inc. will post 3.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on XPO. Barclays increased their price objective on XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Oppenheimer reiterated an “outperform” rating and issued a $140.00 price objective on shares of XPO in a research report on Friday, October 4th. Stephens reiterated an “overweight” rating and issued a $150.00 price objective on shares of XPO in a research report on Thursday, September 5th. Susquehanna increased their price objective on XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research report on Wednesday, September 18th. Finally, TD Cowen increased their price objective on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $141.13.

XPO 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.