Dakota Wealth Management Has $1.51 Million Stake in XPO, Inc. $XPO

Dakota Wealth Management grew its position in XPO, Inc. (NYSE:XPO) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,961 shares of the transportation company’s stock after purchasing an additional 930 shares during the quarter. Dakota Wealth Management’s holdings in XPO were worth $1,511,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its stake in shares of XPO by 17.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company’s stock valued at $223,052,000 after buying an additional 306,928 shares during the period. Durable Capital Partners LP lifted its position in shares of XPO by 246.4% during the 1st quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company’s stock valued at $215,730,000 after acquiring an additional 1,426,394 shares during the period. Findlay Park Partners LLP lifted its position in shares of XPO by 11.6% during the 1st quarter. Findlay Park Partners LLP now owns 1,572,500 shares of the transportation company’s stock valued at $169,170,000 after acquiring an additional 163,300 shares during the period. Raymond James Financial Inc. lifted its position in shares of XPO by 9.4% during the 1st quarter. Raymond James Financial Inc. now owns 760,086 shares of the transportation company’s stock valued at $81,770,000 after acquiring an additional 65,023 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of XPO by 854.2% during the 1st quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company’s stock valued at $59,335,000 after acquiring an additional 493,736 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Activity at XPO

In other news, Director Allison Landry sold 3,250 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the transaction, the director directly owned 5,875 shares in the company, valued at approximately $793,360. This represents a 35.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Benchmark upped their target price on XPO from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, July 15th. Barclays upped their target price on XPO from $135.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Truist Financial raised their target price on XPO from $125.00 to $135.00 and gave the company a “buy” rating in a report on Monday, June 30th. Oppenheimer raised their target price on XPO from $126.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, July 7th. Finally, UBS Group raised their target price on XPO from $123.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Nineteen analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.00.

XPO Stock Down 2.4%

Shares of XPO opened at $126.07 on Friday. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00. The stock has a market capitalization of $14.85 billion, a price-to-earnings ratio of 43.62, a PEG ratio of 2.49 and a beta of 1.96. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. The stock has a fifty day moving average of $129.52 and a 200-day moving average of $119.53.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. XPO had a return on equity of 26.48% and a net margin of 4.32%.The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the company earned $1.12 EPS. XPO’s revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal 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.