Weiss Asset Management LP Buys Shares of 8,374 XPO, Inc. (NYSE:XPO)

Weiss Asset Management LP purchased a new position in XPO, Inc. (NYSE:XPO) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,374 shares of the transportation company’s stock, valued at approximately $900,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new stake in XPO in the third quarter worth $25,000. Blue Trust Inc. raised its position in shares of XPO by 25,800.0% in 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 during the last quarter. Quest Partners LLC bought a new position in XPO in the 2nd quarter worth about $28,000. International Assets Investment Management LLC purchased a new stake in XPO during the 2nd quarter valued at about $36,000. Finally, UMB Bank n.a. increased its stake in XPO by 356.6% during the 3rd quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 353 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Trading Up 0.8 %

NYSE:XPO opened at $151.63 on Monday. XPO, Inc. has a one year low of $78.72 and a one year high of $156.85. The business has a fifty day moving average price of $131.73 and a 200-day moving average price of $117.75. The firm has a market capitalization of $17.65 billion, a price-to-earnings ratio of 49.07, a price-to-earnings-growth ratio of 2.33 and a beta of 2.08. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Oppenheimer reiterated an “outperform” rating and set a $140.00 price target on shares of XPO in a report on Friday, October 4th. Evercore ISI cut their target price on XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Barclays boosted their price target on XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. increased their price objective on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Susquehanna lifted their price objective on XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. Two investment analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.13.

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.