Kingsview Wealth Management LLC Buys New Position in XPO, Inc. $XPO

Kingsview Wealth Management LLC bought a new stake in XPO, Inc. (NYSE:XPO) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 4,443 shares of the transportation company’s stock, valued at approximately $912,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in shares of XPO during the second quarter worth about $2,355,000. United Capital Financial Advisors LLC purchased a new position in XPO in the 2nd quarter valued at approximately $1,444,000. Equitable Holdings Inc. purchased a new position in XPO in the 2nd quarter valued at approximately $486,000. Formula Growth Ltd. acquired a new position in shares of XPO in the second quarter worth $4,722,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of XPO during the second quarter worth $1,232,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XPO has been the subject of several analyst reports. Zacks Research raised XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. 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 research note on Monday, July 13th. BMO Capital Markets raised their target price on shares of XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Weiss Ratings lowered XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Finally, Citigroup decreased their target price on XPO from $226.00 to $221.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, XPO presently has an average rating of “Moderate Buy” and a consensus price target of $225.86.

Insider Activity

In related news, CAO Christopher Michael Brown sold 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the transaction, the chief accounting officer owned 31,005 shares in the company, valued at $6,261,149.70. This trade represents a 10.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.87% of the stock is currently owned by company insiders.

XPO Price Performance

Shares of XPO opened at $188.58 on Monday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. XPO, Inc. has a 1-year low of $121.48 and a 1-year high of $232.05. The stock has a market cap of $22.08 billion, a PE ratio of 55.63, a price-to-earnings-growth ratio of 1.91 and a beta of 1.85. The firm has a fifty day moving average price of $203.99 and a 200 day moving average price of $205.34.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the company posted $1.05 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that XPO, Inc. will post 5.44 EPS for the current year.

About XPO

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.