XPO, Inc. $XPO Shares Bought by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC raised its holdings in XPO, Inc. (NYSE:XPO) by 25.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,610 shares of the transportation company’s stock after acquiring an additional 536 shares during the quarter. Perennial Investment Advisors LLC’s holdings in XPO were worth $330,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Anderson Financial Strategies LLC lifted its holdings in XPO by 9.2% during the 2nd quarter. Anderson Financial Strategies LLC now owns 13,869 shares of the transportation company’s stock valued at $1,751,000 after purchasing an additional 1,166 shares during the last quarter. First American Trust FSB bought a new position in XPO in the second quarter valued at approximately $213,000. Nomura Asset Management Co. Ltd. grew its position in XPO by 47.1% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 500 shares of the transportation company’s stock worth $63,000 after acquiring an additional 160 shares during the last quarter. Westwood Holdings Group Inc. increased its position in XPO by 4.0% during the 2nd quarter. Westwood Holdings Group Inc. now owns 191,730 shares of the transportation company’s stock valued at $24,214,000 after purchasing an additional 7,319 shares during the period. Finally, Thoroughbred Financial Services LLC grew its position in XPO by 1.8% during the second quarter. Thoroughbred Financial Services LLC now owns 11,105 shares of the transportation company’s stock valued at $1,402,000 after buying an additional 200 shares during the period. Institutional investors own 97.73% of the company’s stock.

XPO Stock Performance

XPO stock opened at $126.61 on Thursday. 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 moving average price of $132.10 and a 200 day moving average price of $127.68. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The company has a market capitalization of $14.86 billion, a P/E ratio of 43.81, a PEG ratio of 2.51 and a beta of 1.99.

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

Insider Activity at XPO

In related news, Director Allison Landry sold 3,250 shares of the business’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. The trade was a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

XPO has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of XPO from $144.00 to $166.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Truist Financial set a $145.00 price objective on XPO in a research report on Tuesday, October 14th. Susquehanna reissued a “positive” rating and issued a $162.00 target price on shares of XPO in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of XPO in a research note on Wednesday, October 8th. Finally, Evercore ISI upped their price target on shares of XPO from $141.00 to $151.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Twenty equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.15.

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.