Principal Securities Inc. Has $354,000 Stake in XPO, Inc. (NYSE:XPO)

Principal Securities Inc. raised its position in XPO, Inc. (NYSE:XPO) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,701 shares of the transportation company’s stock after purchasing an additional 240 shares during the quarter. Principal Securities Inc.’s holdings in XPO were worth $354,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc acquired a new stake in shares of XPO in the 4th quarter valued at about $29,000. Brooklyn Investment Group acquired a new stake in shares of XPO in the 3rd quarter valued at about $57,000. UMB Bank n.a. raised its stake in shares of XPO by 19.0% in the 4th quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 86 shares during the period. Continuum Advisory LLC raised its stake in shares of XPO by 51.3% in the 3rd quarter. Continuum Advisory LLC now owns 900 shares of the transportation company’s stock valued at $97,000 after purchasing an additional 305 shares during the period. Finally, Richardson Financial Services Inc. raised its stake in shares of XPO by 48.9% in the 4th quarter. Richardson Financial Services Inc. now owns 974 shares of the transportation company’s stock valued at $129,000 after purchasing an additional 320 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XPO. Wells Fargo & Company lowered their target price on XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Benchmark boosted their price target on XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Stifel Nicolaus raised their target price on shares of XPO from $124.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Finally, Oppenheimer upped their price target on shares of XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $161.13.

XPO Stock Down 5.8 %

Shares of NYSE XPO opened at $124.70 on Friday. The company has a 50 day simple moving average of $138.54 and a 200 day simple moving average of $130.00. The firm has a market cap of $14.62 billion, a PE ratio of 38.61, a price-to-earnings-growth ratio of 1.79 and a beta of 2.12. XPO, Inc. has a 1 year low of $97.03 and a 1 year high of $161.00. 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 (NYSE:XPO) last issued 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 net margin of 4.81% and a return on equity of 30.36%. On average, research analysts forecast that XPO, Inc. will post 4.15 EPS 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.