Orion Portfolio Solutions LLC Raises Position in XPO, Inc. (NYSE:XPO)

Orion Portfolio Solutions LLC raised its holdings in shares of XPO, Inc. (NYSE:XPO) by 21.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,114 shares of the transportation company’s stock after buying an additional 544 shares during the period. Orion Portfolio Solutions LLC’s holdings in XPO were worth $335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. XTX Topco Ltd lifted its stake in shares of XPO by 45.4% in the 3rd quarter. XTX Topco Ltd now owns 17,020 shares of the transportation company’s stock valued at $1,830,000 after acquiring an additional 5,314 shares during the last quarter. Weiss Asset Management LP purchased a new position in XPO in the 3rd quarter worth approximately $900,000. State Street Corp increased its stake in XPO by 1.1% in the 3rd quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock worth $373,903,000 after purchasing an additional 37,486 shares during the period. Stifel Financial Corp lifted its position in XPO by 159.1% in the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after purchasing an additional 43,237 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of XPO by 30.6% during the third quarter. Quantinno Capital Management LP now owns 4,979 shares of the transportation company’s stock valued at $535,000 after purchasing an additional 1,168 shares during the period. 97.73% of the stock is owned by institutional investors.

XPO Stock Performance

Shares of XPO stock opened at $147.49 on Thursday. The business has a fifty day simple moving average of $139.51 and a two-hundred day simple moving average of $120.37. The firm has a market capitalization of $17.17 billion, a P/E ratio of 47.73, a P/E/G ratio of 2.37 and a beta of 2.08. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.04. XPO, Inc. has a 12 month low of $80.26 and a 12 month high of $161.00.

XPO (NYSE:XPO) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. XPO had a net margin of 4.57% and a return on equity of 31.16%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the firm posted $0.88 earnings per share. XPO’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities analysts forecast that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

XPO has been the topic of several analyst reports. Stephens reaffirmed an “overweight” rating and issued a $165.00 target price on shares of XPO in a research note on Wednesday, December 4th. The Goldman Sachs Group boosted their price objective on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Citigroup increased their target price on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Oppenheimer boosted their price target on XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Benchmark reiterated a “buy” rating and issued a $140.00 price objective on shares of XPO in a report on Thursday, September 19th. Two analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.31.

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.