Tritonpoint Wealth LLC Has $13.32 Million Stake in XPO, Inc. (NYSE:XPO)

Tritonpoint Wealth LLC decreased its position in shares of XPO, Inc. (NYSE:XPO) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123,801 shares of the transportation company’s stock after selling 1,655 shares during the period. XPO comprises 1.3% of Tritonpoint Wealth LLC’s portfolio, making the stock its 16th biggest position. Tritonpoint Wealth LLC owned about 0.11% of XPO worth $13,318,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of XPO. Capital Research Global Investors grew its stake in shares of XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock valued at $1,789,171,000 after purchasing an additional 2,125,686 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in shares of XPO during the fourth quarter valued at approximately $231,667,000. Capital World Investors grew its stake in shares of XPO by 26.1% during the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock valued at $1,016,923,000 after purchasing an additional 1,605,001 shares during the last quarter. Norges Bank bought a new stake in shares of XPO during the fourth quarter valued at approximately $188,808,000. Finally, Life Planning Partners Inc boosted its stake in XPO by 12,923.2% in the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock valued at $109,824,000 after acquiring an additional 830,963 shares during the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Stock Performance

Shares of XPO stock opened at $120.27 on Friday. The company has a 50 day moving average of $110.77 and a 200-day moving average of $124.01. The company has a market cap of $14.17 billion, a PE ratio of 37.24, a price-to-earnings-growth ratio of 1.79 and a beta of 1.92. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO) last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.98 billion. XPO had a net margin of 4.81% and a return on equity of 30.36%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 EPS. As a group, equities research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO declared that its Board of Directors has initiated a stock buyback plan on Thursday, March 27th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the transportation company to purchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XPO. Bank of America raised their price objective on shares of XPO from $119.00 to $139.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $140.00 price objective (up from $135.00) on shares of XPO in a research note on Tuesday. Wells Fargo & Company reduced their price objective on shares of XPO from $130.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, May 1st. Barclays raised their price objective on shares of XPO from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, June 9th. Finally, Raymond James reduced their price objective on shares of XPO from $165.00 to $125.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO currently has an average rating of “Buy” and an average target price of $134.89.

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.