HighTower Advisors LLC Boosts Stock Position in XPO, Inc. $XPO

HighTower Advisors LLC grew its stake in XPO, Inc. (NYSE:XPO) by 13.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,230 shares of the transportation company’s stock after purchasing an additional 1,006 shares during the period. HighTower Advisors LLC’s holdings in XPO were worth $885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Scientech Research LLC grew its position in shares of XPO by 0.9% in the fourth quarter. Scientech Research LLC now owns 9,843 shares of the transportation company’s stock valued at $1,291,000 after purchasing an additional 84 shares in the last quarter. Utah Retirement Systems grew its position in shares of XPO by 1.6% in the fourth quarter. Utah Retirement Systems now owns 6,193 shares of the transportation company’s stock valued at $812,000 after purchasing an additional 100 shares in the last quarter. Coldstream Capital Management Inc. grew its position in shares of XPO by 4.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,340 shares of the transportation company’s stock valued at $307,000 after purchasing an additional 101 shares in the last quarter. First Manhattan CO. LLC. grew its position in shares of XPO by 4.8% in the fourth quarter. First Manhattan CO. LLC. now owns 2,208 shares of the transportation company’s stock valued at $290,000 after purchasing an additional 102 shares in the last quarter. Finally, Securian Asset Management Inc. grew its position in shares of XPO by 1.2% in the first quarter. Securian Asset Management Inc. now owns 8,904 shares of the transportation company’s stock valued at $958,000 after purchasing an additional 105 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Down 3.1%

NYSE:XPO opened at $132.16 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. The stock’s fifty day moving average is $128.65 and its two-hundred day moving average is $119.06. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00. The stock has a market capitalization of $15.56 billion, a price-to-earnings ratio of 45.73, a price-to-earnings-growth ratio of 2.63 and a beta of 1.97.

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. XPO had a return on equity of 26.48% and a net margin of 4.32%.The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the firm earned $1.12 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. Research analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Evercore ISI upped their price target on XPO from $115.00 to $116.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Wells Fargo & Company upped their price objective on XPO from $144.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Morgan Stanley decreased their price objective on XPO from $85.00 to $84.00 and set an “underweight” rating on the stock in a report on Friday, August 1st. Bank of America upped their price objective on XPO from $139.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 7th. Finally, Stifel Nicolaus decreased their price objective on XPO from $145.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Nineteen analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $138.00.

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.