Cresset Asset Management LLC Invests $445,000 in XPO, Inc. $XPO

Cresset Asset Management LLC acquired a new position in XPO, Inc. (NYSE:XPO) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,136 shares of the transportation company’s stock, valued at approximately $445,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Frontier Capital Management Co. LLC raised its stake in shares of XPO by 3.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,239,568 shares of the transportation company’s stock worth $162,569,000 after buying an additional 44,854 shares in the last quarter. Northern Trust Corp raised its position in shares of XPO by 24.2% during the fourth quarter. Northern Trust Corp now owns 1,008,124 shares of the transportation company’s stock worth $132,215,000 after purchasing an additional 196,360 shares during the period. Durable Capital Partners LP acquired a new stake in shares of XPO during the fourth quarter worth $75,923,000. Neuberger Berman Group LLC raised its position in shares of XPO by 26.3% during the first quarter. Neuberger Berman Group LLC now owns 460,485 shares of the transportation company’s stock worth $49,539,000 after purchasing an additional 95,874 shares during the period. Finally, Rhumbline Advisers raised its position in shares of XPO by 0.7% during the first quarter. Rhumbline Advisers now owns 338,680 shares of the transportation company’s stock worth $36,435,000 after purchasing an additional 2,296 shares during the period. Institutional investors own 97.73% of the company’s stock.

XPO Stock Up 7.4%

NYSE:XPO opened at $137.4040 on Monday. The firm has a market capitalization of $16.18 billion, a price-to-earnings ratio of 47.54, a PEG ratio of 2.65 and a beta of 1.97. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. The business’s fifty day moving average price is $127.85 and its 200 day moving average price is $118.95.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. The firm 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 quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 earnings per share. On average, sell-side analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on XPO shares. Wall Street Zen raised XPO from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Wells Fargo & Company boosted their target price on XPO from $144.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Stifel Nicolaus cut their target price on XPO from $145.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. Stephens reaffirmed an “overweight” rating and set a $131.00 target price on shares of XPO in a research report on Thursday, June 5th. Finally, Benchmark boosted their target price on XPO from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, July 15th. Nineteen investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

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.