Ariston Services Group Buys Shares of 2,199 XPO, Inc. (NYSE:XPO)

Ariston Services Group purchased a new stake in XPO, Inc. (NYSE:XPO) during the third quarter, Holdings Channel.com reports. The firm purchased 2,199 shares of the transportation company’s stock, valued at approximately $236,000.

Several other large investors have also recently made changes to their positions in XPO. D1 Capital Partners L.P. bought a new stake in XPO during the second quarter valued at about $271,532,000. Capital Research Global Investors lifted its position in shares of XPO by 9.8% during the first quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company’s stock valued at $1,245,131,000 after buying an additional 912,544 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of XPO by 33.4% in the 1st quarter. Clearbridge Investments LLC now owns 2,234,691 shares of the transportation company’s stock valued at $272,699,000 after buying an additional 560,079 shares in the last quarter. Interval Partners LP raised its stake in shares of XPO by 48,850.0% during the 1st quarter. Interval Partners LP now owns 195,000 shares of the transportation company’s stock worth $23,796,000 after acquiring an additional 195,400 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in XPO in the second quarter valued at approximately $16,540,000. 97.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Bank of America lowered their price target on shares of XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Susquehanna lifted their price target on XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th. Wells Fargo & Company reduced their price objective on XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a research note on Thursday, September 5th. Benchmark reaffirmed a “buy” rating and set a $140.00 target price on shares of XPO in a research note on Thursday, September 19th. Finally, Stephens reaffirmed an “overweight” rating and set a $150.00 target price on shares of XPO in a report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.41.

XPO Stock Up 12.3 %

Shares of XPO stock traded up $14.75 during trading hours on Wednesday, hitting $135.00. The company had a trading volume of 616,701 shares, compared to its average volume of 1,464,267. The company’s 50-day moving average is $112.16 and its two-hundred day moving average is $110.97. XPO, Inc. has a twelve month low of $74.77 and a twelve month high of $135.28. 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 $15.71 billion, a P/E ratio of 44.13, a price-to-earnings-growth ratio of 1.93 and a beta of 2.10.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.11. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. Analysts anticipate that XPO, Inc. will post 3.52 earnings per share for the current fiscal year.

XPO Company 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.