XPO, Inc. (NYSE:XPO) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its holdings in XPO, Inc. (NYSE:XPO) by 43.4% during the second quarter, HoldingsChannel reports. The firm owned 6,197 shares of the transportation company’s stock after acquiring an additional 1,877 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in XPO were worth $658,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in XPO. Mather Group LLC. purchased a new stake in XPO in the 1st quarter valued at $27,000. Blue Trust Inc. boosted its holdings in XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 258 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of XPO during the 2nd quarter worth approximately $28,000. Riverview Trust Co purchased a new stake in shares of XPO during the 1st quarter valued at approximately $31,000. Finally, ORG Partners LLC acquired a new position in XPO in the first quarter valued at approximately $36,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Trading Down 2.3 %

NYSE:XPO opened at $111.24 on Friday. The company has a market capitalization of $12.94 billion, a PE ratio of 54.53, a P/E/G ratio of 1.82 and a beta of 2.11. XPO, Inc. has a 52-week low of $65.80 and a 52-week high of $130.51. The stock’s 50 day moving average price is $113.14 and its 200 day moving average price is $113.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. The firm had revenue of $2.08 billion during 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 quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS. On average, research analysts anticipate that XPO, Inc. will post 3.59 EPS for the current year.

Analysts Set New Price Targets

XPO has been the subject of a number of research reports. Benchmark reaffirmed a “buy” rating and issued a $140.00 price objective on shares of XPO in a research note on Thursday, September 19th. Evercore ISI cut their price target on XPO from $144.00 to $124.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Susquehanna boosted their price objective on XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research report on Wednesday, September 18th. 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. Finally, Stephens reaffirmed an “overweight” rating and set a $150.00 price objective on shares of XPO in a research report on Thursday, September 5th. Two 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.18.

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.