Avantax Advisory Services Inc. Increases Holdings in XPO, Inc. (NYSE:XPO)

Avantax Advisory Services Inc. increased its position in shares of XPO, Inc. (NYSE:XPO) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,821 shares of the transportation company’s stock after purchasing an additional 232 shares during the period. Avantax Advisory Services Inc.’s holdings in XPO were worth $501,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. D1 Capital Partners L.P. lifted its holdings in shares of 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 worth $506,484,000 after acquiring an additional 2,153,042 shares during the last quarter. State Street Corp boosted its stake in shares of XPO by 1.1% in the 3rd quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock valued at $373,903,000 after buying an additional 37,486 shares during the period. Massachusetts Financial Services Co. MA grew its holdings 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 worth $165,299,000 after acquiring an additional 10,318 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in XPO in the fourth quarter valued at $163,938,000. Finally, Life Planning Partners Inc lifted its stake in XPO by 12,923.2% during the fourth quarter. Life Planning Partners Inc now owns 837,393 shares of the transportation company’s stock worth $109,824,000 after purchasing an additional 830,963 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO David J. Bates bought 1,880 shares of XPO stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $106.16 per share, with a total value of $199,580.80. Following the purchase, the chief operating officer now owns 21,106 shares in the company, valued at $2,240,612.96. This represents a 9.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Vertical Research upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Thursday, March 6th. Bank of America reduced their price target on shares of XPO from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Susquehanna raised shares of XPO from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $155.00 to $180.00 in a research report on Friday, February 7th. Wells Fargo & Company reduced their target price on shares of XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Finally, Stifel Nicolaus raised XPO from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research note on Monday, February 24th. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $158.47.

XPO Stock Up 0.5 %

Shares of NYSE XPO opened at $108.49 on Friday. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of 33.59, a price-to-earnings-growth ratio of 1.79 and a beta of 2.13. XPO, Inc. has a 52 week low of $97.03 and a 52 week high of $161.00. The firm has a 50-day moving average price of $128.54 and a 200 day moving average price of $129.53. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.08.

XPO (NYSE:XPO) last posted its quarterly earnings results 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%. Equities research analysts anticipate 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.