Geneos Wealth Management Inc. Has $325,000 Stake in XPO, Inc. $XPO

Geneos Wealth Management Inc. lifted its stake in XPO, Inc. (NYSE:XPO) by 194.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,020 shares of the transportation company’s stock after buying an additional 1,993 shares during the period. Geneos Wealth Management Inc.’s holdings in XPO were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in XPO. Durable Capital Partners LP lifted its position in shares of XPO by 246.4% during the 1st quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company’s stock valued at $215,730,000 after acquiring an additional 1,426,394 shares during the period. BNP Paribas Financial Markets raised its stake in XPO by 854.2% in the first quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company’s stock valued at $59,335,000 after purchasing an additional 493,736 shares in the last quarter. Nuveen LLC bought a new stake in XPO during the first quarter worth about $33,965,000. T. Rowe Price Investment Management Inc. grew its stake in XPO by 17.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company’s stock worth $223,052,000 after buying an additional 306,928 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in XPO by 243.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 295,924 shares of the transportation company’s stock valued at $31,836,000 after buying an additional 209,808 shares during the period. Institutional investors own 97.73% of the company’s stock.

Insider Buying and Selling at XPO

In related news, Director Allison Landry sold 3,250 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total transaction of $438,880.00. Following the completion of the sale, the director directly owned 5,875 shares of the company’s stock, valued at approximately $793,360. This trade represents a 35.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on XPO shares. Wells Fargo & Company increased their price target on shares of XPO from $144.00 to $147.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. TD Cowen reduced their target price on XPO from $136.00 to $133.00 and set a “buy” rating on the stock in a report on Friday, June 27th. Barclays boosted their price target on XPO from $135.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Stephens reaffirmed an “overweight” rating and issued a $131.00 price objective on shares of XPO in a research note on Thursday, June 5th. Finally, UBS Group boosted their target price on XPO from $123.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Nineteen investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $138.00.

XPO Price Performance

Shares of NYSE:XPO opened at $133.96 on Tuesday. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The firm has a market capitalization of $15.78 billion, a price-to-earnings ratio of 46.35, a PEG ratio of 2.51 and a beta of 1.96. The stock’s 50 day moving average is $129.57 and its 200-day moving average is $118.43. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 EPS for the quarter, beating 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 business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the firm posted $1.12 EPS. XPO’s quarterly revenue was up .0% compared to the same quarter last year. Sell-side analysts forecast that XPO, Inc. will post 4.15 EPS for the current fiscal year.

XPO Company 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.