Algert Global LLC Has $5.31 Million Position in XPO, Inc. (NYSE:XPO)

Algert Global LLC increased its position in shares of XPO, Inc. (NYSE:XPO) by 46.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,005 shares of the transportation company’s stock after buying an additional 15,795 shares during the quarter. Algert Global LLC’s holdings in XPO were worth $5,308,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. bought a new position in shares of XPO during the 1st quarter worth approximately $27,000. Blue Trust Inc. grew its position in XPO by 25,800.0% in the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 258 shares in the last quarter. Quest Partners LLC acquired a new stake in XPO in the 2nd quarter valued at $28,000. Riverview Trust Co bought a new stake in XPO during the 1st quarter worth about $31,000. Finally, ORG Partners LLC acquired a new position in shares of XPO during the 1st quarter worth about $36,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

XPO has been the topic of a number of recent research reports. Susquehanna lifted their target price on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. Stifel Nicolaus upped their price objective on XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Bank of America decreased their target price on shares of XPO from $135.00 to $134.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. JPMorgan Chase & Co. dropped their price target on shares of XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research report on Friday, September 6th. Finally, Wells Fargo & Company decreased their price objective on shares of XPO from $125.00 to $119.00 and set an “overweight” rating for the company in a research report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, XPO has a consensus rating of “Moderate Buy” and an average target price of $130.18.

XPO Stock Up 0.2 %

Shares of XPO opened at $111.53 on Monday. The stock has a market capitalization of $12.97 billion, a PE ratio of 54.67, a P/E/G ratio of 1.85 and a beta of 2.11. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The firm’s 50 day moving average is $113.12 and its 200-day moving average is $112.94. XPO, Inc. has a 12 month low of $65.80 and a 12 month high of $130.51.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, August 1st. The transportation company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. Equities research analysts forecast that XPO, Inc. will post 3.59 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.