IFP Advisors Inc Sells 229 Shares of XPO, Inc. (NYSE:XPO)

IFP Advisors Inc reduced its holdings in shares of XPO, Inc. (NYSE:XPO) by 41.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 325 shares of the transportation company’s stock after selling 229 shares during the quarter. IFP Advisors Inc’s holdings in XPO were worth $35,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Thrivent Financial for Lutherans boosted its position in XPO by 0.7% during the second quarter. Thrivent Financial for Lutherans now owns 25,951 shares of the transportation company’s stock worth $1,250,000 after purchasing an additional 173 shares during the period. Crossmark Global Holdings Inc. grew its stake in XPO by 2.1% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 8,866 shares of the transportation company’s stock valued at $635,000 after buying an additional 179 shares during the last quarter. Sigma Planning Corp grew its stake in XPO by 0.9% in the 2nd quarter. Sigma Planning Corp now owns 20,497 shares of the transportation company’s stock valued at $1,209,000 after buying an additional 187 shares during the last quarter. CWM LLC raised its holdings in XPO by 50.3% in the 1st quarter. CWM LLC now owns 771 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 258 shares during the period. Finally, Guggenheim Capital LLC lifted its position in XPO by 3.3% during the first quarter. Guggenheim Capital LLC now owns 8,254 shares of the transportation company’s stock worth $601,000 after acquiring an additional 263 shares during the last quarter. 89.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other XPO news, Director J Wes Frye bought 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average cost of $79.71 per share, for a total transaction of $119,565.00. Following the transaction, the director now directly owns 3,000 shares in the company, valued at $239,130. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on XPO shares. Wells Fargo & Company increased their target price on XPO from $58.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Stifel Nicolaus boosted their target price on shares of XPO from $69.00 to $70.00 in a research report on Thursday, October 5th. Bank of America upped their price target on shares of XPO from $81.00 to $86.00 in a research note on Sunday, August 6th. TD Cowen lifted their price objective on shares of XPO from $51.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. Finally, Evercore ISI raised shares of XPO from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $72.00 to $79.00 in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.57.

XPO Stock Up 3.0 %

Shares of NYSE:XPO opened at $83.11 on Monday. XPO, Inc. has a 52-week low of $29.02 and a 52-week high of $83.35. The company has a market capitalization of $9.64 billion, a PE ratio of 268.10, a price-to-earnings-growth ratio of 2.47 and a beta of 2.13. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The company has a fifty day moving average of $74.03 and a 200-day moving average of $63.84.

XPO (NYSE:XPO) last issued its earnings results on Monday, October 30th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.24. XPO had a return on equity of 33.40% and a net margin of 0.48%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts predict that XPO, Inc. will post 2.8 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.