Farther Finance Advisors LLC Increases Stock Position in XPO, Inc. $XPO

Farther Finance Advisors LLC lifted its stake in shares of XPO, Inc. (NYSE:XPO) by 63.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 426 shares of the transportation company’s stock after acquiring an additional 165 shares during the period. Farther Finance Advisors LLC’s holdings in XPO were worth $54,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Durable Capital Partners LP raised its holdings 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 buying an additional 1,426,394 shares in the last quarter. BNP Paribas Financial Markets boosted 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 worth $59,335,000 after buying an additional 493,736 shares in the last quarter. Nuveen LLC bought a new position in XPO during the first quarter valued at approximately $33,965,000. T. Rowe Price Investment Management Inc. raised its stake in shares of 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 acquiring an additional 306,928 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of XPO by 243.6% during the first quarter. The Manufacturers Life Insurance Company now owns 295,924 shares of the transportation company’s stock worth $31,836,000 after acquiring an additional 209,808 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

XPO Stock Up 3.7%

Shares of XPO stock opened at $133.20 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The company has a market cap of $15.69 billion, a P/E ratio of 46.09, a PEG ratio of 2.56 and a beta of 1.95. The company’s fifty day simple moving average is $128.84 and its two-hundred day simple moving average is $120.52.

XPO (NYSE:XPO) last announced its earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. XPO had a net margin of 4.32% and a return on equity of 26.48%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the firm posted $1.12 EPS. The company’s revenue for the quarter 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.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 3,250 shares of the company’s 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 transaction, the director owned 5,875 shares in the company, valued at approximately $793,360. This represents a 35.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Morgan Stanley reduced their target price on shares of XPO from $84.00 to $83.00 and set an “underweight” rating on the stock in a report on Monday. Wells Fargo & Company upped their price target on shares of XPO from $144.00 to $147.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Wall Street Zen raised XPO from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Bank of America lifted their price objective on XPO from $139.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Finally, Citigroup restated a “buy” rating on shares of XPO in a report on Wednesday, September 10th. Nineteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $139.80.

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.