Merit Financial Group LLC Acquires Shares of 1,666 XPO, Inc. (NYSE:XPO)

Merit Financial Group LLC bought a new position in XPO, Inc. (NYSE:XPO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,666 shares of the transportation company’s stock, valued at approximately $218,000.

A number of other large investors have also recently made changes to their positions in XPO. D1 Capital Partners L.P. increased its holdings in XPO by 84.2% during the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock worth $506,484,000 after purchasing an additional 2,153,042 shares during the period. State Street Corp raised its holdings in shares of XPO by 1.1% in the third quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock valued at $373,903,000 after acquiring an additional 37,486 shares in the last quarter. Clearbridge Investments LLC lifted its stake in XPO by 11.3% in the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after acquiring an additional 253,519 shares during the period. Massachusetts Financial Services Co. MA increased its position in XPO by 0.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,537,526 shares of the transportation company’s stock valued at $165,299,000 after purchasing an additional 10,318 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of XPO by 36.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock valued at $75,131,000 after purchasing an additional 185,686 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Susquehanna downgraded shares of XPO from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $160.00 to $155.00 in a research note on Tuesday, January 7th. Jefferies Financial Group lifted their target price on XPO from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Evercore ISI decreased their price target on shares of XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Citigroup boosted their price objective on shares of XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company cut their price target on shares of XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.06.

XPO Trading Up 0.0 %

Shares of XPO stock opened at $139.01 on Monday. The stock has a market cap of $16.18 billion, a PE ratio of 44.99, a price-to-earnings-growth ratio of 1.79 and a beta of 2.11. The firm has a fifty day moving average price of $143.49 and a 200 day moving average price of $126.18. XPO, Inc. has a 1 year low of $82.78 and a 1 year high of $161.00. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 EPS. Equities research analysts predict that XPO, Inc. will post 3.58 earnings per share for the current year.

About XPO

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.