RMG Wealth Management LLC Buys New Stake in XPO, Inc. $XPO

RMG Wealth Management LLC bought a new stake in XPO, Inc. (NYSE:XPO) during the second quarter, according to its most recent filing with the SEC. The firm bought 200 shares of the transportation company’s stock, valued at approximately $26,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Fishman Jay A Ltd. MI boosted its holdings in XPO by 1.6% in the 2nd quarter. Fishman Jay A Ltd. MI now owns 305,301 shares of the transportation company’s stock valued at $38,556,000 after purchasing an additional 4,825 shares during the period. QRG Capital Management Inc. boosted its holdings in XPO by 3.5% in the 2nd quarter. QRG Capital Management Inc. now owns 4,394 shares of the transportation company’s stock valued at $555,000 after purchasing an additional 149 shares during the period. Ameritas Advisory Services LLC bought a new stake in XPO in the 2nd quarter valued at $76,000. Truist Financial Corp boosted its holdings in XPO by 4.4% in the 2nd quarter. Truist Financial Corp now owns 4,878 shares of the transportation company’s stock valued at $616,000 after purchasing an additional 204 shares during the period. Finally, HB Wealth Management LLC lifted its holdings in shares of XPO by 24.9% during the 2nd quarter. HB Wealth Management LLC now owns 2,356 shares of the transportation company’s stock worth $298,000 after acquiring an additional 469 shares during the period. 97.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on XPO shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of XPO in a report on Saturday, September 27th. Citigroup reaffirmed a “buy” rating on shares of XPO in a report on Wednesday, September 10th. Wall Street Zen raised shares of XPO from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Benchmark reissued a “buy” rating and set a $140.00 price target on shares of XPO in a report on Wednesday, October 1st. Finally, Morgan Stanley decreased their price target on XPO from $84.00 to $83.00 and set an “underweight” rating on the stock in a research report on Monday. Nineteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $139.80.

XPO Stock Down 0.9%

Shares of NYSE:XPO opened at $132.19 on Wednesday. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The company has a 50 day moving average of $128.79 and a 200-day moving average of $120.60. 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 stock has a market cap of $15.57 billion, a price-to-earnings ratio of 45.74, a P/E/G ratio of 2.67 and a beta of 1.95.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. XPO had a net margin of 4.32% and a return on equity of 26.48%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the company earned $1.12 EPS. XPO’s revenue was up .0% on a year-over-year basis. On average, sell-side analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

Insider Transactions at XPO

In related news, Director Allison Landry sold 3,250 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director owned 5,875 shares in the company, valued at approximately $793,360. The trade was a 35.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.00% of the company’s stock.

XPO Company 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.