Independent Advisor Alliance Buys 693 Shares of XPO, Inc. (NYSE:XPO)

Independent Advisor Alliance boosted its position in shares of XPO, Inc. (NYSE:XPO) by 3.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,170 shares of the transportation company’s stock after acquiring an additional 693 shares during the period. Independent Advisor Alliance’s holdings in XPO were worth $2,599,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XPO. D1 Capital Partners L.P. bought a new stake in XPO during the 2nd quarter worth approximately $271,532,000. Clearbridge Investments LLC raised its stake in XPO by 11.3% during the 2nd quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after acquiring an additional 253,519 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in XPO during the 3rd quarter worth approximately $18,071,000. Renaissance Technologies LLC bought a new stake in XPO during the 2nd quarter worth approximately $16,540,000. Finally, Dimensional Fund Advisors LP raised its stake in XPO by 9.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock worth $159,243,000 after acquiring an additional 130,322 shares during the period. Institutional investors own 97.73% of the company’s stock.

XPO Trading Up 1.8 %

XPO stock opened at $151.66 on Tuesday. The firm has a fifty day moving average price of $124.64 and a 200 day moving average price of $115.12. XPO, Inc. has a fifty-two week low of $78.72 and a fifty-two week high of $156.85. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $17.65 billion, a PE ratio of 49.08, a price-to-earnings-growth ratio of 2.24 and a beta of 2.07.

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. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. XPO’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 earnings per share. Sell-side analysts anticipate that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

XPO has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their target price on shares of XPO from $139.00 to $136.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Susquehanna increased their price objective on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Citigroup increased their price objective on shares of XPO from $155.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Benchmark reaffirmed a “buy” rating and set a $140.00 price objective on shares of XPO in a report on Thursday, September 19th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $140.00 price objective on shares of XPO in a report on Friday, October 4th. Two analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $141.13.

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.