Avantax Advisory Services Inc. Acquires 374 Shares of XPO, Inc. (NYSE:XPO)

Avantax Advisory Services Inc. lifted its holdings in shares of XPO, Inc. (NYSE:XPO) by 9.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,195 shares of the transportation company’s stock after purchasing an additional 374 shares during the period. Avantax Advisory Services Inc.’s holdings in XPO were worth $451,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in XPO. Capital Research Global Investors grew its holdings in shares of XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company’s stock worth $1,789,171,000 after purchasing an additional 2,125,686 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in shares of XPO during the fourth quarter worth $231,667,000. Capital World Investors grew its holdings in shares of XPO by 26.1% during the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company’s stock worth $1,016,923,000 after purchasing an additional 1,605,001 shares during the last quarter. Durable Capital Partners LP bought a new stake in shares of XPO during the fourth quarter worth $75,923,000. Finally, Natixis bought a new stake in shares of XPO during the fourth quarter worth $57,796,000. Institutional investors own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

XPO has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on XPO from $121.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Morgan Stanley decreased their price target on XPO from $85.00 to $84.00 and set an “underweight” rating on the stock in a report on Friday, August 1st. Barclays raised their price target on XPO from $135.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Oppenheimer raised their price target on XPO from $126.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, July 7th. Finally, Susquehanna raised their price target on XPO from $138.00 to $145.00 and gave the company a “positive” rating in a report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

XPO Trading Up 2.1%

NYSE XPO opened at $123.00 on Thursday. The firm has a market cap of $14.48 billion, a P/E ratio of 42.56, a P/E/G ratio of 2.33 and a beta of 1.97. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. The stock’s 50-day moving average is $125.60 and its 200-day moving average is $120.01. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. XPO had a return on equity of 26.48% and a net margin of 4.32%. XPO’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.12 earnings per share. Sell-side analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO Profile

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.