MGO One Seven LLC Makes New $732,000 Investment in XPO, Inc. $XPO

MGO One Seven LLC acquired a new position in XPO, Inc. (NYSE:XPO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,157 shares of the transportation company’s stock, valued at approximately $732,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Compass Wealth Management LLC acquired a new stake in XPO during the third quarter worth approximately $26,000. Keating Financial Advisory Services Inc. acquired a new position in XPO in the second quarter valued at approximately $32,000. Transamerica Financial Advisors LLC acquired a new position in XPO in the second quarter valued at approximately $32,000. Lynch Investment Planning LLC bought a new position in shares of XPO during the 3rd quarter worth approximately $33,000. Finally, Reyes Financial Architecture Inc. acquired a new stake in shares of XPO during the 3rd quarter worth approximately $37,000. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Down 0.2%

Shares of NYSE XPO traded down $0.35 during mid-day trading on Friday, reaching $176.13. 1,490,830 shares of the company’s stock traded hands, compared to its average volume of 1,231,227. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.99 and a quick ratio of 0.99. The business has a 50-day simple moving average of $182.94 and a 200 day simple moving average of $197.05. The stock has a market cap of $20.52 billion, a P/E ratio of 41.54, a PEG ratio of 1.75 and a beta of 1.87. XPO, Inc. has a 1-year low of $124.82 and a 1-year high of $232.05.

XPO (NYSE:XPO) last posted its earnings results on Thursday, October 29th. The transportation company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.12. XPO had a net margin of 5.69% and a return on equity of 32.80%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the prior year, the business posted $1.07 EPS. The firm’s revenue was up 12.4% compared to the same quarter last year. On average, analysts expect that XPO, Inc. will post 5.77 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on XPO. BMO Capital Markets reiterated an “outperform” rating on shares of XPO in a research note on Wednesday, October 7th. Stifel Nicolaus set a $235.00 price target on shares of XPO in a research note on Friday, October 30th. Sanford C. Bernstein assumed coverage on shares of XPO in a report on Thursday, September 10th. They set an “outperform” rating and a $244.00 price objective on the stock. Susquehanna dropped their price target on XPO from $225.00 to $194.00 and set a “neutral” rating on the stock in a research note on Friday, October 2nd. Finally, TD Cowen boosted their price objective on XPO from $228.00 to $230.00 and gave the company a “buy” rating in a report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.45.

Insiders Place Their Bets

In related news, CAO Christopher Brown sold 3,750 shares of XPO 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 of the company’s stock, valued at $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kyle Wismans sold 750 shares of XPO stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $191.62, for a total value of $143,715.00. Following the transaction, the chief financial officer directly owned 47,216 shares in the company, valued at approximately $9,047,529.92. The trade was a 1.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 15,095 shares of company stock valued at $2,860,208. Corporate insiders own 0.87% of the company’s stock.

XPO Profile

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses across North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which involves consolidating shipments from multiple customers onto a single truck and is commonly used for freight that does not require a full trailer.

In North America, XPO provides regional, interregional and national LTL services, along with related offerings such as freight pickup and delivery, shipment visibility and technology-enabled transportation management.