Sanctuary Advisors LLC Makes New Investment in XPO, Inc. $XPO

Sanctuary Advisors LLC bought a new stake in XPO, Inc. (NYSE:XPO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,834 shares of the transportation company’s stock, valued at approximately $992,000.

Several other hedge funds and other institutional investors have also made changes to their positions in XPO. Elyxium Wealth LLC bought a new stake in XPO in the fourth quarter valued at about $28,000. Keating Financial Advisory Services Inc. bought a new position in XPO during the second quarter worth about $32,000. Torren Management LLC acquired a new position in shares of XPO during the 4th quarter worth about $37,000. Horizon Investments LLC acquired a new position in shares of XPO during the 3rd quarter worth about $39,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of XPO in the 4th quarter valued at approximately $41,000. 97.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on XPO. Benchmark boosted their price objective on shares of XPO from $220.00 to $240.00 and gave the company a “buy” rating in a report on Friday, May 1st. Morgan Stanley set a $105.00 target price on shares of XPO and gave the stock an “underweight” rating in a report on Friday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Citizens Jmp assumed coverage on shares of XPO in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Finally, Citigroup lowered their price objective on shares of XPO from $226.00 to $221.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $225.86.

Insiders Place Their Bets

In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of the stock in a transaction dated 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 owned 31,005 shares in the company, valued at approximately $6,261,149.70. This represents a 10.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.87% of the company’s stock.

XPO Stock Performance

Shares of XPO opened at $191.76 on Friday. The firm has a market cap of $22.45 billion, a P/E ratio of 56.57, a PEG ratio of 1.95 and a beta of 1.85. XPO, Inc. has a twelve month low of $121.48 and a twelve month high of $232.05. 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 firm’s 50 day moving average price is $204.21 and its two-hundred day moving average price is $205.47.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year. On average, analysts forecast that XPO, Inc. will post 5.44 EPS for the current fiscal 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.