66,887 Shares in XPO, Inc. (NYSE:XPO) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of XPO, Inc. (NYSE:XPO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 66,887 shares of the transportation company’s stock, valued at approximately $8,772,000. Proficio Capital Partners LLC owned about 0.06% of XPO as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of XPO. Versant Capital Management Inc purchased a new position in XPO during the 4th quarter worth $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in XPO during the 4th quarter worth $42,000. Brooklyn Investment Group purchased a new position in XPO during the 3rd quarter worth $57,000. UMB Bank n.a. increased its holdings in XPO by 19.0% during the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after purchasing an additional 86 shares during the period. Finally, Continuum Advisory LLC increased its holdings in XPO by 51.3% during the 3rd quarter. Continuum Advisory LLC now owns 900 shares of the transportation company’s stock worth $97,000 after purchasing an additional 305 shares during the period. 97.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on XPO. Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $155.00 to $180.00 in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on XPO in a report on Friday, March 7th. They set a “buy” rating and a $156.00 price objective on the stock. Wells Fargo & Company cut their price target on XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Benchmark lifted their price target on XPO from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, UBS Group lifted their price target on XPO from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, February 7th. Nineteen analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $158.47.

XPO Stock Performance

Shares of XPO stock opened at $107.19 on Friday. The stock has a market cap of $12.57 billion, a PE ratio of 33.18, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The business has a 50-day simple moving average of $131.28 and a 200-day simple moving average of $129.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08. XPO, Inc. has a 52-week low of $97.03 and a 52-week high of $161.00.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, equities analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

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.