Financial Partners Group LLC Buys 1,005 Shares of XPO, Inc. (NYSE:XPO)

Financial Partners Group LLC increased its stake in XPO, Inc. (NYSE:XPO) by 11.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,494 shares of the transportation company’s stock after acquiring an additional 1,005 shares during the period. Financial Partners Group LLC’s holdings in XPO were worth $1,021,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors increased its stake in XPO by 9.8% in the 1st quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company’s stock worth $1,245,131,000 after purchasing an additional 912,544 shares during the period. Capital World Investors increased its stake in shares of XPO by 3.3% in the first quarter. Capital World Investors now owns 4,492,089 shares of the transportation company’s stock worth $548,170,000 after buying an additional 142,908 shares during the period. D1 Capital Partners L.P. purchased a new position in shares of XPO in the second quarter worth $271,532,000. Clearbridge Investments LLC raised its holdings in XPO by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock valued at $264,124,000 after buying an additional 253,519 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in XPO by 9.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock valued at $159,243,000 after buying an additional 130,322 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research report on Friday, September 6th. Citigroup started coverage on XPO in a report on Wednesday, October 9th. They set a “buy” rating and a $127.00 price target on the stock. Oppenheimer reiterated an “outperform” rating and issued a $140.00 price objective on shares of XPO in a report on Friday, October 4th. TD Cowen reduced their target price on XPO from $143.00 to $142.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, Benchmark reaffirmed a “buy” rating and issued a $140.00 price target on shares of XPO in a research note on Thursday, September 19th. Two analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.41.

XPO Price Performance

Shares of XPO opened at $112.01 on Friday. XPO, Inc. has a fifty-two week low of $65.80 and a fifty-two week high of $130.51. The firm’s 50-day simple moving average is $112.41 and its two-hundred day simple moving average is $111.35. The stock has a market cap of $13.04 billion, a PE ratio of 37.21, a price-to-earnings-growth ratio of 1.82 and a beta of 2.10. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.11. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 EPS. Analysts anticipate that XPO, Inc. will post 3.52 earnings per share for the current fiscal year.

XPO Profile

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.