Advisor OS LLC Purchases Shares of 3,119 XPO, Inc. $XPO

Advisor OS LLC purchased a new position in XPO, Inc. (NYSE:XPO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,119 shares of the transportation company’s stock, valued at approximately $403,000.

A number of other hedge funds have also recently made changes to their positions in the business. Parkside Financial Bank & Trust lifted its holdings in XPO by 23.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 439 shares of the transportation company’s stock worth $57,000 after purchasing an additional 82 shares in the last quarter. Archer Investment Corp boosted its position in shares of XPO by 9.6% during the third quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock worth $120,000 after acquiring an additional 82 shares during the last quarter. Bayforest Capital Ltd grew its stake in XPO by 72.8% during the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 83 shares in the last quarter. Bessemer Group Inc. grew its stake in XPO by 21.6% during the third quarter. Bessemer Group Inc. now owns 490 shares of the transportation company’s stock valued at $63,000 after acquiring an additional 87 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in XPO by 35.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 88 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

XPO Stock Up 2.4%

NYSE XPO opened at $210.12 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.75. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $212.71. The firm has a market capitalization of $24.62 billion, a price-to-earnings ratio of 79.29, a PEG ratio of 2.69 and a beta of 2.01. The company has a fifty day moving average of $165.74 and a two-hundred day moving average of $144.91.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup increased their price objective on shares of XPO from $167.00 to $205.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Wells Fargo & Company lifted their price objective on XPO from $147.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Oppenheimer increased their target price on XPO from $154.00 to $198.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. boosted their price target on shares of XPO from $160.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of XPO in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $178.32.

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.