UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of XPO, Inc. (NYSE:XPO – Free Report) by 80.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 538,066 shares of the transportation company’s stock after buying an additional 240,261 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.46% of XPO worth $110,460,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. purchased a new position in shares of XPO during the second quarter worth approximately $32,000. Transamerica Financial Advisors LLC purchased a new stake in shares of XPO in the second quarter valued at approximately $32,000. Elyxium Wealth LLC bought a new position in XPO in the fourth quarter worth approximately $28,000. International Assets Investment Management LLC bought a new position in XPO in the fourth quarter worth approximately $41,000. Finally, Horizon Investments LLC purchased a new position in XPO during the 3rd quarter worth $39,000. 97.73% of the stock is owned by hedge funds and other institutional investors.
XPO Stock Performance
Shares of XPO stock opened at $184.84 on Wednesday. XPO, Inc. has a one year low of $121.48 and a one year high of $232.05. The company has a 50-day simple moving average of $203.57 and a two-hundred day simple moving average of $205.18. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $21.64 billion, a PE ratio of 54.53, a P/E/G ratio of 1.97 and a beta of 1.85.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on XPO. JPMorgan Chase & Co. lifted their target price on XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Raymond James Financial decreased their price objective on XPO from $233.00 to $225.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Stifel Nicolaus increased their target price on shares of XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Susquehanna raised their target price on shares of XPO from $212.00 to $214.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Finally, Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and an average price target of $225.86.
Check Out Our Latest Analysis on XPO
Insider Buying and Selling at XPO
In other news, CAO Christopher Michael Brown sold 3,750 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the sale, the chief accounting officer owned 31,005 shares of the company’s stock, valued at $6,261,149.70. This trade represents a 10.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is owned by insiders.
XPO Profile
XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.
In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.
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