Apollon Wealth Management LLC Purchases Shares of 1,590 XPO, Inc. (NYSE:XPO)

Apollon Wealth Management LLC acquired a new position in shares of XPO, Inc. (NYSE:XPO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,590 shares of the transportation company’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. D1 Capital Partners L.P. lifted its position in XPO by 84.2% in the 3rd quarter. D1 Capital Partners L.P. now owns 4,711,042 shares of the transportation company’s stock valued at $506,484,000 after acquiring an additional 2,153,042 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in XPO by 239.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 553,305 shares of the transportation company’s stock valued at $59,486,000 after acquiring an additional 390,320 shares in the last quarter. Holocene Advisors LP lifted its stake in XPO by 61.2% during the 3rd quarter. Holocene Advisors LP now owns 683,931 shares of the transportation company’s stock valued at $73,529,000 after acquiring an additional 259,727 shares in the last quarter. JPMorgan Chase & Co. grew its stake 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 worth $75,131,000 after acquiring an additional 185,686 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of XPO in the 3rd quarter worth $18,071,000. 97.73% of the stock is owned by institutional investors.

XPO Trading Up 1.5 %

Shares of XPO stock opened at $145.65 on Friday. The company’s fifty day simple moving average is $140.46 and its two-hundred day simple moving average is $129.25. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. XPO, Inc. has a 1 year low of $97.03 and a 1 year high of $161.00. The stock has a market capitalization of $16.95 billion, a price-to-earnings ratio of 45.09, a PEG ratio of 1.93 and a beta of 2.12.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. As a group, analysts anticipate that XPO, Inc. will post 4.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on XPO shares. Raymond James dropped their target price on shares of XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Stifel Nicolaus lifted their price target on XPO from $124.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Barclays reduced their price target on shares of XPO from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Susquehanna raised shares of XPO from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $155.00 to $180.00 in a research report on Friday, February 7th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $161.13.

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.