Raymond James Financial Services Advisors Inc. Grows Holdings in XPO, Inc. (NYSE:XPO)

Raymond James Financial Services Advisors Inc. raised its position in XPO, Inc. (NYSE:XPO – Get Rating) by 7.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,327 shares of the transportation company’s stock after buying an additional 2,747 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in XPO were worth $1,751,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XPO. Patriot Financial Group Insurance Agency LLC increased its holdings in XPO by 7,500.0% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 608 shares of the transportation company’s stock valued at $29,000 after buying an additional 600 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of XPO by 160.1% during the second quarter. Quadrant Capital Group LLC now owns 606 shares of the transportation company’s stock worth $29,000 after purchasing an additional 373 shares in the last quarter. Private Trust Co. NA purchased a new stake in shares of XPO during the second quarter worth about $50,000. Salem Investment Counselors Inc. purchased a new stake in shares of XPO during the first quarter worth about $60,000. Finally, Antonetti Capital Management LLC increased its stake in shares of XPO by 195.4% during the second quarter. Antonetti Capital Management LLC now owns 1,684 shares of the transportation company’s stock worth $81,000 after purchasing an additional 1,114 shares in the last quarter. Hedge funds and other institutional investors own 89.57% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on XPO. Raymond James cut their target price on shares of XPO from $70.00 to $46.00 in a research note on Monday, December 5th. Oppenheimer cut their target price on shares of XPO from $87.00 to $45.00 in a research note on Tuesday, November 22nd. Cowen cut their target price on shares of XPO from $59.00 to $50.00 in a research note on Friday, December 16th. Cowen cut their target price on shares of XPO from $87.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, October 19th. Finally, Jefferies Financial Group lowered their price target on shares of XPO from $70.00 to $42.00 in a research report on Tuesday, December 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.81.

XPO Price Performance

XPO stock opened at $37.50 on Thursday. The company’s 50 day simple moving average is $36.46 and its 200-day simple moving average is $45.34. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 4.92, a price-to-earnings-growth ratio of 1.32 and a beta of 2.05. XPO, Inc. has a 1 year low of $24.51 and a 1 year high of $46.84. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.16 and a current ratio of 1.16.

XPO (NYSE:XPO – Get Rating) last released its quarterly earnings results on Monday, October 31st. The transportation company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.10. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.10 billion. XPO had a net margin of 6.73% and a return on equity of 43.47%. The business’s revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. As a group, equities research analysts expect that XPO, Inc. will post 3.4 earnings per share for the current year.

XPO Company Profile

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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 Brokerage and Other Services. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite regional, inter-regional, and transcontinental LTL freight services.