Global Retirement Partners LLC Boosts Stock Position in XPO, Inc. (NYSE:XPO)

Global Retirement Partners LLC boosted its holdings in XPO, Inc. (NYSE:XPO) by 3.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,224 shares of the transportation company’s stock after buying an additional 157 shares during the quarter. Global Retirement Partners LLC’s holdings in XPO were worth $454,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of XPO. PNC Financial Services Group Inc. boosted its stake in XPO by 18.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,028 shares of the transportation company’s stock valued at $616,000 after acquiring an additional 1,100 shares in the last quarter. Mather Group LLC. acquired a new position in XPO in the first quarter valued at $27,000. Park Avenue Securities LLC acquired a new position in XPO in the first quarter valued at $226,000. Riverview Trust Co acquired a new position in XPO in the first quarter valued at $31,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in XPO in the first quarter valued at $263,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Trading Down 2.8 %

Shares of XPO stock opened at $109.71 on Tuesday. XPO, Inc. has a 12-month low of $65.80 and a 12-month high of $130.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The stock has a market cap of $12.77 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 1.85 and a beta of 2.10. The company has a 50-day moving average of $112.64 and a two-hundred day moving average of $111.48.

XPO (NYSE:XPO) last issued its earnings results on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. XPO had a net margin of 4.48% and a return on equity of 32.49%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period last year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, research analysts anticipate that XPO, Inc. will post 3.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on XPO shares. TD Cowen decreased their price objective on shares of XPO from $143.00 to $142.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Citigroup started coverage on shares of XPO in a research note on Wednesday, October 9th. They set a “buy” rating and a $127.00 target price for the company. Susquehanna increased their target price on shares of XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th. JPMorgan Chase & Co. decreased their target price on shares of XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Friday, September 6th. Finally, Evercore ISI decreased their target price on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, XPO has an average rating of “Moderate Buy” and an average price target of $130.41.

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.