C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases New Stake in XPO, Inc. (NYSE:XPO)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of XPO, Inc. (NYSE:XPO) in the 4th quarter, Holdings Channel.com reports. The firm acquired 1,250,000 shares of the transportation company’s stock, valued at approximately $163,938,000. XPO accounts for about 5.8% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings, making the stock its 3rd biggest position.

A number of other large investors also recently added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new position in shares of XPO in the 3rd quarter valued at $25,000. Versant Capital Management Inc bought a new stake in XPO in the fourth quarter valued at about $29,000. Brooklyn Investment Group acquired a new position in XPO in the third quarter valued at about $57,000. UMB Bank n.a. boosted its holdings in XPO by 19.0% during the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after buying an additional 86 shares during the last quarter. Finally, Continuum Advisory LLC boosted its holdings in XPO by 51.3% during the third quarter. Continuum Advisory LLC now owns 900 shares of the transportation company’s stock worth $97,000 after buying an additional 305 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XPO has been the topic of a number of analyst reports. TD Cowen increased their price target on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company lowered their target price on shares of XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Citigroup lifted their price target on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Raymond James lowered their price objective on shares of XPO from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their target price on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.13.

XPO Trading Down 2.3 %

XPO stock opened at $144.57 on Thursday. The stock has a market cap of $16.83 billion, a price-to-earnings ratio of 44.76, a price-to-earnings-growth ratio of 1.93 and a beta of 2.12. The company has a fifty day moving average price of $140.93 and a two-hundred day moving average price of $128.68. XPO, Inc. has a one year low of $97.03 and a one year high of $161.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Equities analysts anticipate that XPO, Inc. will post 4.16 EPS for the current year.

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.