Xponance Inc. Has $3.08 Million Stock Holdings in XPO, Inc. (NYSE:XPO)

Xponance Inc. raised its stake in XPO, Inc. (NYSE:XPO) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,487 shares of the transportation company’s stock after acquiring an additional 778 shares during the period. Xponance Inc.’s holdings in XPO were worth $3,080,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in XPO in the 4th quarter valued at $29,000. Halbert Hargrove Global Advisors LLC acquired a new position in XPO in the 4th quarter valued at $42,000. Cullen Frost Bankers Inc. raised its holdings in XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 130 shares in the last quarter. Larson Financial Group LLC raised its holdings in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 76 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of XPO in the 3rd quarter valued at $57,000. 97.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on XPO. Stephens reiterated an “overweight” rating and issued a $171.00 price target on shares of XPO in a research note on Wednesday, March 5th. Stifel Nicolaus upgraded XPO from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research note on Monday, February 24th. Barclays decreased their price target on XPO from $165.00 to $150.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Benchmark lifted their price target on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Bank of America decreased their price target on XPO from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $158.47.

XPO Trading Down 3.3 %

NYSE XPO opened at $107.86 on Friday. The business’s 50-day moving average price is $129.06 and its two-hundred day moving average price is $129.46. XPO, Inc. has a 12 month low of $97.03 and a 12 month high of $161.00. The firm has a market capitalization of $12.65 billion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

Insider Activity

In other XPO news, COO David J. Bates acquired 1,880 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $106.16 per share, with a total value of $199,580.80. Following the purchase, the chief operating officer now directly owns 21,106 shares of the company’s stock, valued at $2,240,612.96. This trade represents a 9.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

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.