XPO, Inc. $XPO Shares Purchased by Ethic Inc.

Ethic Inc. boosted its position in shares of XPO, Inc. (NYSE:XPO) by 8.8% during the second quarter, Holdings Channel.com reports. The firm owned 7,067 shares of the transportation company’s stock after buying an additional 570 shares during the quarter. Ethic Inc.’s holdings in XPO were worth $901,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in XPO. SouthState Corp acquired a new position in XPO in the first quarter valued at approximately $25,000. RMG Wealth Management LLC acquired a new position in shares of XPO in the 2nd quarter valued at $26,000. FNY Investment Advisers LLC purchased a new position in shares of XPO during the 2nd quarter worth $42,000. MassMutual Private Wealth & Trust FSB increased its position in shares of XPO by 46.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock worth $44,000 after purchasing an additional 111 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in XPO by 63.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 426 shares of the transportation company’s stock valued at $54,000 after buying an additional 165 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

XPO has been the subject of several research analyst reports. UBS Group increased their target price on shares of XPO from $150.00 to $162.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Evercore ISI lifted their target price on shares of XPO from $134.00 to $141.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Morgan Stanley decreased their price target on XPO from $84.00 to $83.00 and set an “underweight” rating on the stock in a research note on Monday, October 6th. Citigroup lifted their price objective on XPO from $152.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, Barclays boosted their price objective on XPO from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Nineteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $143.00.

XPO Stock Down 0.5%

Shares of NYSE:XPO opened at $125.18 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The stock has a market cap of $14.74 billion, a price-to-earnings ratio of 43.32, a price-to-earnings-growth ratio of 2.52 and a beta of 1.95. The firm’s 50 day moving average price is $130.68 and its 200 day moving average price is $123.36.

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

Insider Activity at XPO

In other news, Director Allison Landry sold 3,250 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $135.04, for a total transaction of $438,880.00. Following the sale, the director owned 5,875 shares of the company’s stock, valued at approximately $793,360. This trade represents a 35.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

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.