Cullen Frost Bankers Inc. Grows Stock Holdings in XPO, Inc. $XPO

Cullen Frost Bankers Inc. boosted its position in XPO, Inc. (NYSE:XPO) by 37.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 724 shares of the transportation company’s stock after acquiring an additional 197 shares during the period. Cullen Frost Bankers Inc.’s holdings in XPO were worth $91,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XPO. SouthState Corp purchased a new stake in XPO in the 1st quarter worth approximately $25,000. RMG Wealth Management LLC purchased a new stake in shares of XPO during the 2nd quarter valued at $26,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of XPO by 46.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock valued at $44,000 after buying an additional 111 shares during the period. Farther Finance Advisors LLC grew its stake in shares of XPO by 63.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 426 shares of the transportation company’s stock valued at $54,000 after buying an additional 165 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of XPO during the 2nd quarter valued at $76,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other XPO news, Director Allison Landry sold 3,250 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total value of $438,880.00. Following the transaction, the director owned 5,875 shares in the company, valued at $793,360. The trade was a 35.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.90% of the stock is owned by corporate insiders.

XPO Stock Performance

NYSE:XPO opened at $125.74 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $14.81 billion, a price-to-earnings ratio of 43.51, a PEG ratio of 2.52 and a beta of 1.95. The firm’s fifty day simple moving average is $130.74 and its 200 day simple moving average is $123.10. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00.

XPO (NYSE:XPO) last posted its earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. The business had revenue of ($2,243.00) million for the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. As a group, equities research analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of XPO from $156.00 to $144.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. Wall Street Zen raised shares of XPO from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Wells Fargo & Company boosted their price objective on shares of XPO from $144.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Truist Financial set a $145.00 price objective on shares of XPO in a research note on Tuesday, October 14th. Finally, Raymond James Financial boosted their price objective on shares of XPO from $132.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Nineteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $143.00.

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.