Stablepoint Partners LLC Has $395,000 Stock Holdings in XPO, Inc. $XPO

Stablepoint Partners LLC decreased its stake in XPO, Inc. (NYSE:XPO) by 17.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,126 shares of the transportation company’s stock after selling 645 shares during the quarter. Stablepoint Partners LLC’s holdings in XPO were worth $395,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. SouthState Corp acquired a new stake in XPO during the 1st quarter worth about $25,000. RMG Wealth Management LLC acquired a new stake in shares of XPO during the second quarter valued at approximately $26,000. FNY Investment Advisers LLC acquired a new stake in shares of XPO during the second quarter valued at approximately $42,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of XPO by 46.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 111 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in XPO by 58.7% in the 2nd quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock worth $51,000 after purchasing an additional 149 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 3,250 shares of XPO stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the sale, the director directly owned 5,875 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Rothschild & Co Redburn started coverage on shares of XPO in a research report on Wednesday. They set a “buy” rating and a $156.00 price objective on the stock. Cowen reiterated a “buy” rating on shares of XPO in a report on Friday, October 31st. TD Cowen upped their price target on XPO from $131.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Evercore ISI raised their price objective on XPO from $141.00 to $151.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Barclays lifted their target price on XPO from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and an average price target of $148.86.

XPO Stock Performance

Shares of NYSE XPO opened at $142.06 on Friday. The business’s 50-day moving average price is $132.70 and its two-hundred day moving average price is $128.76. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The company has a market capitalization of $16.68 billion, a P/E ratio of 49.16, a price-to-earnings-growth ratio of 2.51 and a beta of 1.99.

XPO (NYSE:XPO) last announced its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of ($2,243.00) million during the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%. Analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

About XPO

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.