XPO, Inc. (NYSE:XPO) Stake Lifted by Grandview Asset Management LLC

Grandview Asset Management LLC increased its stake in XPO, Inc. (NYSE:XPO) by 39.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,702 shares of the transportation company’s stock after acquiring an additional 1,038 shares during the period. Grandview Asset Management LLC’s holdings in XPO were worth $398,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of XPO by 89.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 113 shares in the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in XPO during the fourth quarter worth approximately $42,000. Cullen Frost Bankers Inc. boosted its holdings in XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after buying an additional 130 shares in the last quarter. Larson Financial Group LLC boosted its holdings in XPO by 25.6% during the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after buying an additional 76 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in XPO by 58.8% during the first quarter. Parallel Advisors LLC now owns 486 shares of the transportation company’s stock worth $52,000 after buying an additional 180 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

XPO Stock Down 2.3%

XPO stock opened at $119.79 on Wednesday. The company has a market capitalization of $14.11 billion, a P/E ratio of 36.86, a P/E/G ratio of 2.30 and a beta of 1.92. The firm’s fifty day simple moving average is $111.69 and its 200-day simple moving average is $123.41. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.98 billion. XPO had a net margin of 4.87% and a return on equity of 28.27%. XPO’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS. Sell-side analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO declared that its board has initiated a share repurchase plan on Thursday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

XPO has been the subject of a number of research reports. Stifel Nicolaus reduced their target price on shares of XPO from $147.00 to $142.00 and set a “buy” rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on shares of XPO from $132.00 to $121.00 and set an “overweight” rating for the company in a report on Thursday, May 1st. Wells Fargo & Company reduced their target price on shares of XPO from $130.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, May 1st. Raymond James Financial reduced their target price on shares of XPO from $165.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, April 8th. Finally, Jefferies Financial Group restated a “buy” rating and set a $140.00 target price (up from $135.00) on shares of XPO in a report on Tuesday, June 10th. Nineteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, XPO has a consensus rating of “Buy” and a consensus target price of $134.89.

XPO Company 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.