Park Avenue Securities LLC Makes New $226,000 Investment in XPO, Inc. (NYSE:XPO)

Park Avenue Securities LLC bought a new position in XPO, Inc. (NYSE:XPO) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,853 shares of the transportation company’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. purchased a new position in shares of XPO in the 1st quarter valued at approximately $27,000. Benjamin F. Edwards & Company Inc. lifted its position in XPO by 170.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock valued at $30,000 after buying an additional 211 shares during the period. Rise Advisors LLC bought a new stake in shares of XPO during the 1st quarter valued at $37,000. GAMMA Investing LLC purchased a new stake in shares of XPO in the 4th quarter worth about $46,000. Finally, Quent Capital LLC increased its stake in shares of XPO by 33.5% in the 4th quarter. Quent Capital LLC now owns 729 shares of the transportation company’s stock worth $64,000 after acquiring an additional 183 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Trading Down 0.8 %

Shares of XPO stock opened at $105.31 on Tuesday. The stock has a fifty day simple moving average of $108.35 and a two-hundred day simple moving average of $107.72. XPO, Inc. has a 52-week low of $56.81 and a 52-week high of $130.51. The firm has a market capitalization of $12.25 billion, a PE ratio of 51.62, a PEG ratio of 1.51 and a beta of 2.10. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.94 and a current ratio of 0.94.

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

Insider Activity

In related news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the completion of the transaction, the insider now directly owns 11,425,369 shares of the company’s stock, valued at $1,290,838,189.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the completion of the transaction, the insider now directly owns 11,425,369 shares in the company, valued at approximately $1,290,838,189.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Allison Landry sold 1,875 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total transaction of $195,975.00. Following the completion of the sale, the director now owns 6,965 shares in the company, valued at approximately $727,981.80. 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 equities research analysts recently commented on the stock. Stifel Nicolaus raised shares of XPO from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $115.00 to $120.00 in a research note on Friday, May 24th. 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. Wells Fargo & Company initiated coverage on XPO in a research report on Friday, June 7th. They issued an “overweight” rating and a $125.00 price target for the company. Benchmark reissued a “buy” rating and set a $140.00 price objective on shares of XPO in a research report on Friday, June 7th. Finally, TD Cowen lifted their target price on shares of XPO from $136.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Two research 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $120.70.

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.