Northwestern Mutual Wealth Management Co. Acquires 1,052 Shares of XPO, Inc. (NYSE:XPO)

Northwestern Mutual Wealth Management Co. increased its holdings in XPO, Inc. (NYSE:XPO) by 151.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,748 shares of the transportation company’s stock after acquiring an additional 1,052 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in XPO were worth $186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its stake in XPO by 4.1% during the first quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock valued at $5,364,000 after buying an additional 1,712 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in XPO by 38.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company’s stock worth $21,782,000 after purchasing an additional 57,192 shares in the last quarter. Hennessy Advisors Inc. grew its position in XPO by 14.1% during the 1st quarter. Hennessy Advisors Inc. now owns 321,300 shares of the transportation company’s stock valued at $39,208,000 after purchasing an additional 39,700 shares during the last quarter. Oliver Luxxe Assets LLC bought a new stake in XPO during the 1st quarter valued at about $2,333,000. Finally, Hawk Ridge Capital Management LP purchased a new position in XPO in the fourth quarter worth about $7,521,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Trading Up 2.1 %

Shares of XPO stock opened at $111.32 on Friday. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $12.96 billion, a price-to-earnings ratio of 53.89, a PEG ratio of 1.72 and a beta of 2.10. XPO, Inc. has a 1 year low of $65.80 and a 1 year high of $130.51. The firm has a fifty day moving average price of $112.28 and a 200-day moving average price of $112.02.

XPO (NYSE:XPO) last issued 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. XPO had a return on equity of 32.49% and a net margin of 4.48%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the prior year, the business posted $0.71 earnings per share. The business’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, equities analysts predict that XPO, Inc. will post 3.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, August 5th. TD Cowen decreased their price target on XPO from $143.00 to $142.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Susquehanna upped their price target on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Evercore ISI reduced their price objective on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Finally, Wells Fargo & Company decreased their target price on XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.35.

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.