FNY Investment Advisers LLC Buys New Shares in XPO, Inc. $XPO

FNY Investment Advisers LLC purchased a new stake in shares of XPO, Inc. (NYSE:XPO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 335 shares of the transportation company’s stock, valued at approximately $42,000.

A number of other large investors have also made changes to their positions in XPO. SouthState Corp acquired a new stake in shares of XPO during the first quarter valued at approximately $25,000. RMG Wealth Management LLC acquired a new stake in shares of XPO during the second quarter valued at approximately $26,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of XPO by 46.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 111 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of XPO by 63.2% during the second quarter. Farther Finance Advisors LLC now owns 426 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 165 shares during the period. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of XPO by 65.7% during the first quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 209 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 shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the transaction, the director owned 5,875 shares in the company, valued at $793,360. This represents a 35.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

XPO has been the topic of a number of recent analyst reports. Oppenheimer boosted their price target on shares of XPO from $126.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, July 7th. Stifel Nicolaus dropped their price objective on shares of XPO from $145.00 to $136.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. Raymond James Financial upped 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. Morgan Stanley dropped their price objective on shares of XPO from $84.00 to $83.00 and set an “underweight” rating on the stock in a research note on Monday, October 6th. Finally, UBS Group upped their price objective on shares of XPO from $150.00 to $162.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Nineteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

XPO Stock Performance

Shares of XPO opened at $125.74 on Friday. The company’s fifty day moving average is $130.74 and its 200-day moving average is $122.88. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The firm has a market cap of $14.81 billion, a price-to-earnings ratio of 43.51, a price-to-earnings-growth ratio of 2.52 and a beta of 1.95. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88.

XPO (NYSE:XPO) last announced its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. The company had revenue of ($2,243.00) million for the quarter. Equities analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal 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.