Traynor Capital Management Inc. increased its position in shares of XPO, Inc. (NYSE:XPO – Free Report) by 12.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 43,711 shares of the transportation company’s stock after purchasing an additional 4,824 shares during the period. Traynor Capital Management Inc.’s holdings in XPO were worth $7,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in XPO by 13.2% during the first quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock valued at $82,000 after purchasing an additional 49 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of XPO by 19.1% during the first quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock worth $73,000 after purchasing an additional 60 shares during the period. Root Financial Partners LLC raised its holdings in shares of XPO by 21.1% during the first quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock worth $70,000 after purchasing an additional 63 shares during the period. North Dakota State Investment Board lifted its position in shares of XPO by 2.4% in the 3rd quarter. North Dakota State Investment Board now owns 3,490 shares of the transportation company’s stock worth $614,000 after buying an additional 81 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its position in shares of XPO by 7.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 1,182 shares of the transportation company’s stock worth $208,000 after buying an additional 82 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of XPO in a report on Wednesday, October 7th. Citizens Jmp assumed coverage on shares of XPO in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Zacks Research cut shares of XPO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. Wells Fargo & Company cut their target price on shares of XPO from $250.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Sanford C. Bernstein assumed coverage on XPO in a research note on Thursday, September 10th. They issued an “outperform” rating and a $244.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $221.45.
View Our Latest Analysis on XPO
XPO Price Performance
Shares of NYSE XPO opened at $189.81 on Monday. XPO, Inc. has a 1-year low of $124.82 and a 1-year high of $232.05. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.99 and a quick ratio of 0.99. The business’s fifty day moving average price is $183.82 and its two-hundred day moving average price is $196.17. The firm has a market capitalization of $22.11 billion, a PE ratio of 44.77, a P/E/G ratio of 1.74 and a beta of 1.87.
XPO (NYSE:XPO – Get Free Report) last posted its earnings results on Thursday, October 29th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.12. XPO had a return on equity of 32.80% and a net margin of 5.69%. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period last year, the business posted $1.07 earnings per share. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, research analysts expect that XPO, Inc. will post 5.73 EPS for the current year.
Insider Buying and Selling
In other XPO news, CFO Kyle Wismans sold 750 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $175.47, for a total transaction of $131,602.50. Following the completion of the transaction, the chief financial officer directly owned 47,966 shares of the company’s stock, valued at $8,416,594.02. The trade was a 1.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO David J. Bates sold 2,615 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $177.93, for a total transaction of $465,286.95. Following the completion of the transaction, the chief operating officer owned 62,120 shares of the company’s stock, valued at approximately $11,053,011.60. This trade represents a 4.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,730 shares of company stock valued at $2,208,974 in the last quarter. Company insiders own 0.87% of the company’s stock.
XPO Company Profile
XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses across North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which involves consolidating shipments from multiple customers onto a single truck and is commonly used for freight that does not require a full trailer.
In North America, XPO provides regional, interregional and national LTL services, along with related offerings such as freight pickup and delivery, shipment visibility and technology-enabled transportation management.
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