48,100 Shares in XPO, Inc. $XPO Purchased by Forge First Asset Management Inc.

Forge First Asset Management Inc. purchased a new position in XPO, Inc. (NYSE:XPO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 48,100 shares of the transportation company’s stock, valued at approximately $6,079,000. XPO makes up about 2.2% of Forge First Asset Management Inc.’s investment portfolio, making the stock its 17th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC raised its position in shares of XPO by 16.8% during the first quarter. CWM LLC now owns 1,114 shares of the transportation company’s stock valued at $120,000 after buying an additional 160 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in XPO during the first quarter valued at $2,525,000. IMA Advisory Services Inc. increased its holdings in XPO by 4.3% in the 1st quarter. IMA Advisory Services Inc. now owns 4,815 shares of the transportation company’s stock valued at $518,000 after acquiring an additional 199 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in XPO by 4.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 6,160 shares of the transportation company’s stock worth $663,000 after purchasing an additional 235 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of XPO by 9.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,195 shares of the transportation company’s stock valued at $451,000 after purchasing an additional 374 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.

Insider Activity at XPO

In related news, Director Allison Landry sold 3,250 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on XPO from $144.00 to $166.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. TD Cowen lifted their price objective on XPO from $131.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Truist Financial set a $145.00 price objective on XPO in a report on Tuesday, October 14th. Stifel Nicolaus set a $149.00 target price on shares of XPO in a report on Friday, October 31st. Finally, UBS Group boosted their price target on shares of XPO from $150.00 to $162.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Twenty investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and an average target price of $148.15.

XPO Price Performance

NYSE:XPO opened at $128.82 on Wednesday. The firm has a market capitalization of $15.12 billion, a price-to-earnings ratio of 44.57, a PEG ratio of 2.51 and a beta of 1.99. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. The business has a 50 day simple moving average of $132.17 and a 200-day simple moving average of $127.69. 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 Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. The company had revenue of ($2,243.00) million for the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%. Equities analysts forecast that XPO, Inc. will post 4.15 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.