Future Financial Wealth Managment LLC Invests $89,000 in XPO, Inc. (NYSE:XPO)

Future Financial Wealth Managment LLC acquired a new stake in shares of XPO, Inc. (NYSE:XPO) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 727 shares of the transportation company’s stock, valued at approximately $89,000.

A number of other institutional investors have also bought and sold shares of XPO. Capital Research Global Investors raised its holdings in XPO by 49.9% during the 4th quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company’s stock valued at $813,824,000 after buying an additional 3,094,390 shares during the period. Norges Bank acquired a new stake in XPO in the 4th quarter worth approximately $79,592,000. Eminence Capital LP grew its stake in XPO by 137.4% during the 3rd quarter. Eminence Capital LP now owns 1,191,311 shares of the transportation company’s stock valued at $88,943,000 after purchasing an additional 689,457 shares during the last quarter. Capital World Investors lifted its holdings in shares of XPO by 13.1% in the 4th quarter. Capital World Investors now owns 4,349,181 shares of the transportation company’s stock valued at $380,945,000 after buying an additional 503,388 shares during the period. Finally, Balyasny Asset Management L.P. increased its holdings in XPO by 44.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,515,529 shares of the transportation company’s stock valued at $132,745,000 after buying an additional 463,267 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Insiders Place Their Bets

In related news, Director Allison Landry sold 1,875 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total value of $195,975.00. Following the transaction, the director now owns 6,965 shares of the company’s stock, valued at approximately $727,981.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Allison Landry sold 1,875 shares of XPO stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total value of $195,975.00. Following the completion of the transaction, the director now directly owns 6,965 shares in the company, valued at $727,981.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Mfn Partners, Lp sold 1,250,000 shares of XPO stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total value of $141,225,000.00. Following the sale, the insider now owns 11,425,369 shares of the company’s stock, valued at approximately $1,290,838,189.62. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on XPO shares. Stephens reiterated an “overweight” rating and set a $150.00 price target on shares of XPO in a research report on Friday, June 7th. Susquehanna dropped their target price on XPO from $160.00 to $145.00 and set a “positive” rating on the stock in a report on Wednesday, June 12th. TD Cowen lifted their price target on XPO from $136.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Raymond James dropped their price objective on shares of XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Oppenheimer upped their target price on shares of XPO from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and an average target price of $120.70.

XPO Stock Performance

Shares of XPO opened at $103.11 on Friday. The firm has a 50-day moving average of $108.73 and a 200-day moving average of $107.10. XPO, Inc. has a one year low of $56.41 and a one year high of $130.51. The company has a market cap of $11.99 billion, a PE ratio of 50.54, a price-to-earnings-growth ratio of 1.49 and a beta of 2.09. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.94 and a quick ratio of 0.94.

XPO (NYSE:XPO) last released its earnings results on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.68 by $0.13. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. XPO had a net margin of 3.08% and a return on equity of 30.77%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. As a group, equities analysts forecast that XPO, Inc. will post 3.62 earnings per share for the current year.

About XPO

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.