Axxcess Wealth Management LLC Acquires New Position in XPO, Inc. (NYSE:XPO)

Axxcess Wealth Management LLC acquired a new stake in XPO, Inc. (NYSE:XPO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,128 shares of the transportation company’s stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in XPO by 23.7% in the third quarter. Principal Financial Group Inc. now owns 480,669 shares of the transportation company’s stock valued at $51,677,000 after buying an additional 91,973 shares during the last quarter. Quintet Private Bank Europe S.A. grew its holdings in shares of XPO by 4.2% during the third quarter. Quintet Private Bank Europe S.A. now owns 5,071 shares of the transportation company’s stock valued at $524,000 after purchasing an additional 205 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of XPO by 8.8% during the third quarter. QRG Capital Management Inc. now owns 3,962 shares of the transportation company’s stock valued at $426,000 after purchasing an additional 322 shares during the last quarter. Stephens Inc. AR grew its holdings in shares of XPO by 6.4% during the third quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock valued at $256,000 after purchasing an additional 142 shares during the last quarter. Finally, Pinnacle Associates Ltd. grew its holdings in shares of XPO by 7.5% during the third quarter. Pinnacle Associates Ltd. now owns 6,490 shares of the transportation company’s stock valued at $698,000 after purchasing an additional 450 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on XPO shares. Wells Fargo & Company upped their target price on XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Barclays upped their target price on XPO from $150.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research report on Friday, September 6th. Citigroup boosted their price objective on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus boosted their price objective on XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $141.13.

XPO Stock Performance

XPO opened at $148.97 on Friday. The company has a market capitalization of $17.34 billion, a price-to-earnings ratio of 48.39, a price-to-earnings-growth ratio of 2.37 and a beta of 2.07. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. XPO, Inc. has a 1-year low of $78.72 and a 1-year high of $156.85. The business has a 50 day moving average price of $117.74 and a two-hundred day moving average price of $112.99.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Research analysts predict that XPO, Inc. will post 3.62 EPS for the current fiscal year.

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.