Dakota Wealth Management Buys 2,765 Shares of XPO, Inc. $XPO

Dakota Wealth Management raised its stake in XPO, Inc. (NYSE:XPO) by 23.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,641 shares of the transportation company’s stock after acquiring an additional 2,765 shares during the period. Dakota Wealth Management’s holdings in XPO were worth $1,990,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Gilman Hill Asset Management LLC boosted its stake in shares of XPO by 11.9% in the 4th quarter. Gilman Hill Asset Management LLC now owns 46,015 shares of the transportation company’s stock valued at $6,254,000 after purchasing an additional 4,905 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of XPO by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,163 shares of the transportation company’s stock worth $2,197,000 after purchasing an additional 195 shares in the last quarter. Oliver Luxxe Assets LLC lifted its holdings in XPO by 4.7% during the 4th quarter. Oliver Luxxe Assets LLC now owns 23,852 shares of the transportation company’s stock valued at $3,242,000 after purchasing an additional 1,064 shares during the last quarter. GAMMA Investing LLC lifted its holdings in XPO by 20.0% during the 4th quarter. GAMMA Investing LLC now owns 2,574 shares of the transportation company’s stock valued at $350,000 after purchasing an additional 429 shares during the last quarter. Finally, Tudor Investment Corp ET AL boosted its position in XPO by 2.0% in the third quarter. Tudor Investment Corp ET AL now owns 30,828 shares of the transportation company’s stock valued at $3,985,000 after buying an additional 604 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $180.00 price objective on shares of XPO in a research note on Thursday, February 5th. Evercore set a $200.00 target price on XPO in a report on Friday, February 6th. JPMorgan Chase & Co. increased their price target on XPO from $189.00 to $201.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 10th. Barclays set a $195.00 price target on XPO and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, BMO Capital Markets set a $230.00 price objective on XPO in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.14.

XPO Price Performance

XPO stock opened at $189.28 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $22.17 billion, a P/E ratio of 71.42, a PEG ratio of 2.45 and a beta of 1.94. The business has a 50-day moving average of $185.60 and a 200-day moving average of $153.82. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $220.50.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.95 billion. XPO had a net margin of 3.87% and a return on equity of 25.07%. XPO’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. On average, equities analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

About XPO

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.