Quest Partners LLC Makes New $28,000 Investment in XPO, Inc. (NYSE:XPO)

Quest Partners LLC acquired a new position in XPO, Inc. (NYSE:XPO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 264 shares of the transportation company’s stock, valued at approximately $28,000.

Several other institutional investors also recently modified their holdings of XPO. Mather Group LLC. acquired a new position in XPO during the 1st quarter worth about $27,000. Blue Trust Inc. lifted its stake in shares of XPO by 25,800.0% in the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after acquiring an additional 258 shares during the period. Riverview Trust Co bought a new stake in XPO in the first quarter valued at approximately $31,000. ORG Partners LLC acquired a new stake in XPO during the 1st quarter valued at approximately $36,000. Finally, International Assets Investment Management LLC bought a new position in XPO during the 2nd quarter worth approximately $36,000. Institutional investors own 97.73% of the company’s stock.

XPO Stock Down 2.4 %

XPO stock opened at $112.58 on Friday. XPO, Inc. has a 1-year low of $65.80 and a 1-year high of $130.51. The stock has a market cap of $13.10 billion, a P/E ratio of 55.19, a P/E/G ratio of 1.76 and a beta of 2.11. The stock’s fifty day simple moving average is $113.22 and its two-hundred day simple moving average is $113.42. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. XPO’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. Analysts expect that XPO, Inc. will post 3.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on XPO shares. Stephens reissued an “overweight” rating and set a $150.00 target price on shares of XPO in a research note on Thursday, September 5th. Wells Fargo & Company decreased their price target on shares of XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Raymond James dropped their price objective on shares of XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, June 24th. Stifel Nicolaus boosted their target price on shares of XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. dropped their price target 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. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.18.

About XPO

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.