5,357 Shares in XPO, Inc. $XPO Acquired by Evolve Private Wealth LLC

Evolve Private Wealth LLC bought a new position in XPO, Inc. (NYSE:XPO) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,357 shares of the transportation company’s stock, valued at approximately $1,100,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Elyxium Wealth LLC bought a new position in shares of XPO during the 4th quarter valued at $28,000. Keating Financial Advisory Services Inc. bought a new stake in shares of XPO in the second quarter worth $32,000. Torren Management LLC bought a new stake in shares of XPO in the fourth quarter worth $37,000. Horizon Investments LLC purchased a new stake in XPO during the third quarter valued at $39,000. Finally, International Assets Investment Management LLC purchased a new stake in XPO during the fourth quarter valued at $41,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Evercore raised XPO from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. Stifel Nicolaus upped their price target on shares of XPO from $237.00 to $241.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. UBS Group upped their price target on shares of XPO from $236.00 to $257.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Barclays increased their price objective on shares of XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Benchmark raised their price objective on shares of XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, XPO has a consensus rating of “Moderate Buy” and an average price target of $225.86.

Insider Transactions at XPO

In related news, CAO Christopher Michael Brown sold 3,750 shares of the business’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 completion of the transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the transaction, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 7,400 shares of company stock worth $1,526,502. Insiders own 0.87% of the company’s stock.

XPO Price Performance

NYSE XPO opened at $198.74 on Monday. The company has a market capitalization of $23.27 billion, a PE ratio of 58.63, a price-to-earnings-growth ratio of 2.01 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. The business’s fifty day moving average is $205.54 and its 200 day moving average is $205.25. XPO, Inc. has a fifty-two week low of $121.48 and a fifty-two week high of $232.05.

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

XPO Company Profile

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.