2,711 Shares in XPO, Inc. $XPO Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in shares of XPO, Inc. (NYSE:XPO) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 2,711 shares of the transportation company’s stock, valued at approximately $557,000.

Other large investors have also recently bought and sold shares of the company. Amundi boosted its stake in shares of XPO by 50.7% in the 1st quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after purchasing an additional 1,820 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of XPO by 7.6% in the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after purchasing an additional 1,243 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of XPO by 3.2% during the 1st quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after purchasing an additional 355 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in XPO by 35.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 88 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in XPO during the 2nd quarter valued at about $611,000. 97.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on XPO shares. Citigroup dropped their price objective on shares of XPO from $226.00 to $221.00 and set a “neutral” rating for the company in a report on Friday, July 31st. The Goldman Sachs Group reiterated a “buy” rating and issued a $247.00 price objective on shares of XPO in a research report on Thursday, July 30th. Weiss Ratings upgraded XPO from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Bank of America upped their price target on shares of XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Finally, Oppenheimer increased their price objective on shares of XPO from $236.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and a consensus price target of $225.86.

XPO Stock Performance

Shares of XPO stock opened at $192.09 on Tuesday. The firm has a fifty day moving average of $204.98 and a two-hundred day moving average of $205.41. 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 stock has a market capitalization of $22.49 billion, a price-to-earnings ratio of 56.66, a PEG ratio of 2.01 and a beta of 1.85. XPO, Inc. has a 52 week low of $121.48 and a 52 week high of $232.05.

XPO (NYSE:XPO) last issued its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the business earned $1.05 earnings per share. The company’s revenue was up 13.2% compared to the same quarter last year. As a group, equities research analysts predict that XPO, Inc. will post 5.44 EPS for the current year.

Insider Buying and Selling

In other news, CAO Christopher Michael Brown sold 3,750 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the transaction, the chief accounting officer owned 31,005 shares in the company, valued at $6,261,149.70. This represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Allison Landry sold 2,400 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the sale, the director directly owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This represents a 33.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 7,400 shares of company stock valued at $1,526,502. 0.87% of the stock is owned by company insiders.

XPO 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.