X Square Capital LLC Has $2.40 Million Position in XPO, Inc. (NYSE:XPO)

X Square Capital LLC increased its stake in shares of XPO, Inc. (NYSE:XPO) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,353 shares of the transportation company’s stock after purchasing an additional 1,020 shares during the quarter. X Square Capital LLC’s holdings in XPO were worth $2,403,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Perennial Investment Advisors LLC boosted its holdings in shares of XPO by 5.5% during the second quarter. Perennial Investment Advisors LLC now owns 1,983 shares of the transportation company’s stock worth $210,000 after purchasing an additional 103 shares during the period. Emerald Mutual Fund Advisers Trust boosted its holdings in shares of XPO by 9.8% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,416 shares of the transportation company’s stock worth $150,000 after purchasing an additional 126 shares during the period. Resources Management Corp CT ADV boosted its holdings in shares of XPO by 1.9% during the second quarter. Resources Management Corp CT ADV now owns 7,584 shares of the transportation company’s stock worth $805,000 after purchasing an additional 145 shares during the period. Mystic Asset Management Inc. boosted its holdings in shares of XPO by 1.7% during the first quarter. Mystic Asset Management Inc. now owns 8,750 shares of the transportation company’s stock worth $1,068,000 after purchasing an additional 150 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of XPO by 0.9% during the first quarter. US Bancorp DE now owns 17,536 shares of the transportation company’s stock worth $2,140,000 after purchasing an additional 154 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on XPO. Wells Fargo & Company reduced their target price on shares of XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Benchmark reiterated a “buy” rating and issued a $140.00 target price on shares of XPO in a research note on Thursday, September 19th. TD Cowen reduced their target price on shares of XPO from $143.00 to $142.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Stephens reiterated an “overweight” rating and issued a $150.00 target price on shares of XPO in a research note on Thursday, September 5th. Finally, Bank of America reduced their target price on shares of XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.41.

XPO Trading Down 1.2 %

Shares of XPO stock opened at $109.49 on Thursday. XPO, Inc. has a 1 year low of $65.80 and a 1 year high of $130.51. The firm’s fifty day simple moving average is $112.41 and its 200 day simple moving average is $111.35. The firm has a market capitalization of $12.74 billion, a P/E ratio of 53.67, a price-to-earnings-growth ratio of 1.85 and a beta of 2.10. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63.

XPO (NYSE:XPO) last announced its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. XPO had a net margin of 4.48% and a return on equity of 32.49%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the firm posted $0.71 earnings per share. XPO’s revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts predict that XPO, Inc. will post 3.54 EPS for the current year.

About XPO

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.