Truist Financial Corp Increases Stock Position in XPO, Inc. $XPO

Truist Financial Corp boosted its stake in shares of XPO, Inc. (NYSE:XPO) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,878 shares of the transportation company’s stock after buying an additional 204 shares during the quarter. Truist Financial Corp’s holdings in XPO were worth $616,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. HB Wealth Management LLC raised its stake in XPO by 24.9% in the second quarter. HB Wealth Management LLC now owns 2,356 shares of the transportation company’s stock valued at $298,000 after purchasing an additional 469 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of XPO by 8.1% during the second quarter. Janney Montgomery Scott LLC now owns 37,900 shares of the transportation company’s stock worth $4,786,000 after acquiring an additional 2,834 shares in the last quarter. Financial Partners Group LLC purchased a new position in shares of XPO during the second quarter worth approximately $206,000. Avior Wealth Management LLC purchased a new position in shares of XPO during the second quarter worth approximately $941,000. Finally, Dakota Wealth Management raised its stake in shares of XPO by 8.4% during the second quarter. Dakota Wealth Management now owns 11,961 shares of the transportation company’s stock worth $1,511,000 after acquiring an additional 930 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on XPO shares. Wall Street Zen upgraded shares of XPO from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Citigroup raised their target price on shares of XPO from $152.00 to $155.00 and gave the stock a “buy” rating in a report on Monday. UBS Group raised their target price on shares of XPO from $150.00 to $162.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Stifel Nicolaus cut their target price on shares of XPO from $145.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Finally, Wells Fargo & Company raised their target price on shares of XPO from $144.00 to $147.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Nineteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.00.

XPO Price Performance

XPO opened at $128.96 on Thursday. The stock has a 50-day moving average price of $129.94 and a 200-day moving average price of $121.40. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. The firm has a market cap of $15.19 billion, a PE ratio of 44.62, a P/E/G ratio of 2.59 and a beta of 1.95. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00.

XPO (NYSE:XPO) last posted its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%.The firm had revenue of ($2,243.00) million during the quarter. Sell-side analysts predict that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Insider Activity

In other XPO news, Director Allison Landry sold 3,250 shares of the business’s stock in a transaction dated 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 in the company, valued at $793,360. The trade was a 35.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

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.