Wilmington Savings Fund Society FSB Takes Position in XPO, Inc. (NYSE:XPO)

Wilmington Savings Fund Society FSB acquired a new position in XPO, Inc. (NYSE:XPO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,000 shares of the transportation company’s stock, valued at approximately $108,000.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of XPO by 25,800.0% during the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after acquiring an additional 258 shares in the last quarter. Raymond James & Associates grew its holdings in XPO by 3.1% during the second quarter. Raymond James & Associates now owns 145,167 shares of the transportation company’s stock valued at $15,409,000 after purchasing an additional 4,397 shares during the last quarter. Fifth Third Bancorp raised its position in shares of XPO by 53.3% in the second quarter. Fifth Third Bancorp now owns 1,226 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 426 shares during the period. IMA Advisory Services Inc. acquired a new stake in shares of XPO in the second quarter worth $246,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of XPO by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 899,658 shares of the transportation company’s stock worth $95,499,000 after buying an additional 7,837 shares during the period. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Trading Down 7.1 %

Shares of XPO opened at $135.25 on Friday. 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 company has a market cap of $15.74 billion, a price-to-earnings ratio of 43.77, a PEG ratio of 2.37 and a beta of 2.08. The stock has a fifty day moving average price of $140.59 and a two-hundred day moving average price of $120.77. XPO, Inc. has a 52-week low of $80.26 and a 52-week high of $161.00.

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

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Evercore ISI cut their target price on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Benchmark reissued a “buy” rating and set a $140.00 price objective on shares of XPO in a research report on Thursday, September 19th. Susquehanna raised their target price on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Oppenheimer upped their price target on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Stifel Nicolaus raised their price objective on shares of XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, XPO has a consensus 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.