Steward Partners Investment Advisory LLC Increases Stock Position in XPO, Inc. (NYSE:XPO)

Steward Partners Investment Advisory LLC boosted its stake in XPO, Inc. (NYSE:XPO) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 839 shares of the transportation company’s stock after purchasing an additional 118 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in XPO were worth $110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc purchased a new stake in XPO in the fourth quarter valued at approximately $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of XPO during the fourth quarter worth approximately $42,000. Brooklyn Investment Group purchased a new position in shares of XPO during the third quarter worth approximately $57,000. UMB Bank n.a. raised its stake in shares of XPO by 19.0% during the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock worth $71,000 after acquiring an additional 86 shares in the last quarter. Finally, Continuum Advisory LLC raised its stake in shares of XPO by 51.3% during the third quarter. Continuum Advisory LLC now owns 900 shares of the transportation company’s stock worth $97,000 after acquiring an additional 305 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on XPO shares. Wells Fargo & Company decreased their price target on shares of XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Benchmark lifted their price target on shares of XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Vertical Research raised shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Thursday, March 6th. UBS Group lifted their price target on shares of XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Raymond James decreased their target price on shares of XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, February 7th. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $158.47.

XPO Stock Performance

NYSE:XPO opened at $107.19 on Monday. The stock has a market cap of $12.57 billion, a P/E ratio of 33.18, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. The firm’s fifty day simple moving average is $131.28 and its 200 day simple moving average is $129.80. XPO, Inc. has a twelve month low of $97.03 and a twelve month high of $161.00. 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 (NYSE:XPO) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. As a group, research analysts predict 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.