MML Investors Services LLC Increases Stock Position in XPO, Inc. (NYSE:XPO)

MML Investors Services LLC raised its holdings in shares of XPO, Inc. (NYSE:XPO) by 8.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,159 shares of the transportation company’s stock after purchasing an additional 176 shares during the period. MML Investors Services LLC’s holdings in XPO were worth $232,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in XPO. Orion Portfolio Solutions LLC boosted its holdings in shares of XPO by 21.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,114 shares of the transportation company’s stock valued at $335,000 after acquiring an additional 544 shares during the last quarter. XTX Topco Ltd lifted its position in XPO by 45.4% during the third quarter. XTX Topco Ltd now owns 17,020 shares of the transportation company’s stock valued at $1,830,000 after purchasing an additional 5,314 shares during the period. Weiss Asset Management LP purchased a new stake in XPO in the third quarter worth approximately $900,000. State Street Corp grew its position in XPO by 1.1% in the 3rd quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock worth $373,903,000 after purchasing an additional 37,486 shares during the period. Finally, Stifel Financial Corp raised its stake in XPO by 159.1% during the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after buying an additional 43,237 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Trading Down 1.4 %

Shares of XPO stock opened at $133.17 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The company has a fifty day moving average of $142.05 and a 200 day moving average of $121.52. The company has a market capitalization of $15.50 billion, a P/E ratio of 43.10, a P/E/G ratio of 2.37 and a beta of 2.08. XPO, Inc. has a fifty-two week low of $80.26 and a fifty-two week high of $161.00.

XPO (NYSE:XPO) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on XPO shares. Benchmark restated a “buy” rating and issued a $140.00 price target on shares of XPO in a research note on Thursday, September 19th. Evercore ISI lowered their target price on XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Susquehanna boosted their price target on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. JPMorgan Chase & Co. increased their price objective on shares of XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, TD Cowen raised their price objective on shares of XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.31.

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.