Global Retirement Partners LLC Raises Holdings in XPO, Inc. (NYSE:XPO)

Global Retirement Partners LLC lifted its holdings in shares of XPO, Inc. (NYSE:XPO) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,224 shares of the transportation company’s stock after purchasing an additional 157 shares during the period. Global Retirement Partners LLC’s holdings in XPO were worth $454,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mather Group LLC. purchased a new position in shares of XPO during the 1st quarter worth approximately $27,000. ORG Wealth Partners LLC purchased a new position in shares of XPO during the 3rd quarter worth approximately $25,000. Riverview Trust Co purchased a new position in shares of XPO during the 1st quarter worth approximately $31,000. Blue Trust Inc. increased its stake in shares of XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after purchasing an additional 258 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in shares of XPO during the 2nd quarter worth approximately $28,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XPO has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their target price 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 initiated coverage on shares of XPO in a research report on Wednesday, October 9th. They set a “buy” rating and a $127.00 target price on the stock. TD Cowen decreased their target price on shares of XPO from $143.00 to $142.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Oppenheimer restated an “outperform” rating and set a $140.00 target price on shares of XPO in a research report on Friday, October 4th. Finally, Evercore ISI decreased their target price on shares of XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.41.

XPO Stock Performance

NYSE:XPO opened at $109.71 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 1.85 and a beta of 2.10. The firm’s fifty day simple moving average is $112.64 and its 200 day simple moving average is $111.48. XPO, Inc. has a twelve month low of $65.80 and a twelve month high of $130.51.

XPO (NYSE:XPO) last posted its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.11. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 EPS. As a group, equities research analysts expect that XPO, Inc. will post 3.54 earnings per share for the current fiscal year.

XPO Company 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.