XPO, Inc. (NYSE:XPO) Shares Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its position in shares of XPO, Inc. (NYSE:XPO) by 40.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,632 shares of the transportation company’s stock after buying an additional 1,328 shares during the period. Atria Wealth Solutions Inc.’s holdings in XPO were worth $607,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Stifel Financial Corp boosted its stake in XPO by 159.1% in the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after acquiring an additional 43,237 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of XPO during the third quarter valued at approximately $534,000. Exchange Traded Concepts LLC acquired a new stake in XPO during the 4th quarter worth about $423,000. PCJ Investment Counsel Ltd. increased its position in XPO by 36.2% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock worth $4,344,000 after purchasing an additional 10,740 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted 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 valued at $75,131,000 after purchasing an additional 185,686 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Jefferies Financial Group raised their target price on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and raised their target price for the stock from $155.00 to $180.00 in a report on Friday, February 7th. TD Cowen upped their price target on shares of XPO from $137.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 31st. UBS Group upped their target price on XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Raymond James dropped their price objective 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. Sixteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, XPO has a consensus rating of “Buy” and an average target price of $161.13.

XPO Stock Up 0.2 %

XPO stock opened at $122.32 on Thursday. The company’s 50 day moving average is $136.63 and its 200 day moving average is $130.34. The stock has a market cap of $14.34 billion, a price-to-earnings ratio of 37.87, 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 current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Sell-side analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal 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.