XPO, Inc. (NYSE:XPO) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in shares of XPO, Inc. (NYSE:XPO) by 120.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,807 shares of the transportation company’s stock after acquiring an additional 2,079 shares during the period. SG Americas Securities LLC’s holdings in XPO were worth $333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in shares of XPO in the third quarter valued at $31,000. Hanseatic Management Services Inc. acquired a new stake in shares of XPO during the third quarter valued at about $43,000. Fifth Third Bancorp grew its stake in shares of XPO by 37.3% during the third quarter. Fifth Third Bancorp now owns 732 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 199 shares in the last quarter. Money Concepts Capital Corp increased its position in shares of XPO by 673.0% during the fourth quarter. Money Concepts Capital Corp now owns 773 shares of the transportation company’s stock worth $26,000 after acquiring an additional 673 shares during the last quarter. Finally, Salem Investment Counselors Inc. acquired a new position in shares of XPO in the first quarter worth about $60,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XPO. Bank of America raised their price objective on XPO from $132.00 to $137.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. StockNews.com lowered shares of XPO from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. TD Cowen upped their target price on shares of XPO from $129.00 to $136.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Citigroup lifted their price target on XPO from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, The Goldman Sachs Group upped their price objective on XPO from $98.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.80.

XPO Price Performance

NYSE XPO opened at $128.64 on Tuesday. The company has a 50-day moving average price of $118.23 and a two-hundred day moving average price of $94.59. XPO, Inc. has a 52 week low of $29.98 and a 52 week high of $130.51. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 79.90, a price-to-earnings-growth ratio of 3.10 and a beta of 2.19. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63.

XPO (NYSE:XPO) last issued its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.15. XPO had a return on equity of 29.85% and a net margin of 2.44%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Analysts forecast that XPO, Inc. will post 3.45 EPS for the current year.

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.