Cullen Frost Bankers Inc. Grows Stock Holdings in XPO, Inc. $XPO

Cullen Frost Bankers Inc. boosted its position in XPO, Inc. (NYSE:XPO) by 37.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 724 shares of the transportation company’s stock after purchasing an additional 197 shares during the period. Cullen Frost Bankers Inc.’s holdings in XPO were worth $91,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. RMG Wealth Management LLC acquired a new stake in XPO in the second quarter valued at about $26,000. SouthState Corp acquired a new stake in XPO in the first quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB lifted its position in XPO by 46.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 111 shares during the period. Farther Finance Advisors LLC lifted its position in XPO by 63.2% in the second quarter. Farther Finance Advisors LLC now owns 426 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 165 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in XPO in the second quarter valued at about $76,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Evercore ISI raised their price objective on shares of XPO from $134.00 to $141.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Citigroup lifted their price target on shares of XPO from $152.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Raymond James Financial lifted their price target on shares of XPO from $132.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Bank of America lifted their price target on shares of XPO from $139.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Finally, Barclays lifted their price target on shares of XPO from $135.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. 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 stock. Based on data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.00.

XPO Trading Up 0.2%

Shares of XPO opened at $125.74 on Friday. 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 50 day simple moving average of $130.74 and a 200-day simple moving average of $123.10. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00. The stock has a market cap of $14.81 billion, a price-to-earnings ratio of 43.51, a price-to-earnings-growth ratio of 2.52 and a beta of 1.95.

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

Insider Buying and Selling

In other XPO news, Director Allison Landry sold 3,250 shares of XPO stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total value 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. The trade was a 35.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.90% of the company’s stock.

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.