International Assets Investment Management LLC Buys 34,073 Shares of XPO, Inc. (NYSE:XPO)

International Assets Investment Management LLC grew its stake in shares of XPO, Inc. (NYSE:XPO) by 7,797.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,510 shares of the transportation company’s stock after buying an additional 34,073 shares during the period. International Assets Investment Management LLC’s holdings in XPO were worth $3,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Money Concepts Capital Corp increased its position in XPO by 673.0% in the fourth quarter. Money Concepts Capital Corp now owns 773 shares of the transportation company’s stock worth $26,000 after purchasing an additional 673 shares during the last quarter. Hanseatic Management Services Inc. bought a new stake in XPO in the third quarter worth $43,000. Bessemer Group Inc. bought a new stake in XPO in the fourth quarter worth $50,000. Fifth Third Bancorp increased its position in XPO by 37.3% in the third quarter. Fifth Third Bancorp now owns 732 shares of the transportation company’s stock worth $55,000 after purchasing an additional 199 shares during the last quarter. Finally, Salem Investment Counselors Inc. bought a new stake in XPO in the first quarter worth $60,000. Institutional investors own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. TD Cowen boosted their price target on shares of XPO from $129.00 to $136.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Morgan Stanley lowered shares of XPO from an “equal weight” rating to an “underweight” rating and lifted their price objective for the stock from $75.00 to $80.00 in a research note on Monday, February 12th. Benchmark lifted their price objective on shares of XPO from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday. Oppenheimer lifted their price objective on shares of XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of XPO from $97.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $111.65.

XPO Stock Performance

Shares of XPO stock opened at $115.37 on Friday. The company has a market capitalization of $13.42 billion, a PE ratio of 71.66, a P/E/G ratio of 2.94 and a beta of 2.19. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. The company has a 50-day simple moving average of $122.29 and a two-hundred day simple moving average of $97.16. XPO, Inc. has a one year low of $33.73 and a one year high of $130.51.

XPO (NYSE:XPO) last announced its earnings results on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.15. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.92 billion. XPO had a net margin of 2.44% and a return on equity of 29.85%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. Research analysts expect that XPO, Inc. will post 3.47 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.