HB Wealth Management LLC Raises Stock Holdings in XPO, Inc. $XPO

HB Wealth Management LLC raised its position in shares of XPO, Inc. (NYSE:XPO) by 24.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,356 shares of the transportation company’s stock after acquiring an additional 469 shares during the quarter. HB Wealth Management LLC’s holdings in XPO were worth $298,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in XPO. Parallel Advisors LLC raised its holdings in shares of XPO by 58.8% during the first quarter. Parallel Advisors LLC now owns 486 shares of the transportation company’s stock valued at $52,000 after acquiring an additional 180 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of XPO by 97.4% during the first quarter. UMB Bank n.a. now owns 1,062 shares of the transportation company’s stock valued at $114,000 after acquiring an additional 524 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of XPO by 11.9% during the first quarter. Wedmont Private Capital now owns 2,177 shares of the transportation company’s stock valued at $234,000 after acquiring an additional 231 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of XPO by 12.9% during the first quarter. Park Avenue Securities LLC now owns 2,431 shares of the transportation company’s stock valued at $262,000 after acquiring an additional 278 shares during the last quarter. Finally, City Holding Co. raised its holdings in shares of XPO by 7.5% during the first quarter. City Holding Co. now owns 6,646 shares of the transportation company’s stock valued at $715,000 after acquiring an additional 461 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Transactions at XPO

In other news, Director Allison Landry sold 3,250 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 5,875 shares in the company, valued at $793,360. This trade represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on XPO shares. Citigroup reissued a “buy” rating on shares of XPO in a report on Wednesday, September 10th. Benchmark reissued a “buy” rating and set a $140.00 target price on shares of XPO in a report on Wednesday, October 1st. Barclays increased 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. Morgan Stanley lowered their price objective on XPO from $84.00 to $83.00 and set an “underweight” rating on the stock in a research note on Monday. Finally, Truist Financial upped their target price on XPO from $125.00 to $135.00 and gave the company a “buy” rating in a report on Monday, June 30th. Nineteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.80.

XPO Price Performance

XPO stock opened at $133.20 on Tuesday. The business has a fifty day moving average of $128.84 and a two-hundred day moving average of $120.52. 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 has a market cap of $15.69 billion, a price-to-earnings ratio of 46.09, a price-to-earnings-growth ratio of 2.56 and a beta of 1.95. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $161.00.

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

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.