International Assets Investment Management LLC Increases Stock Holdings in XPO, Inc. (NYSE:XPO)

International Assets Investment Management LLC boosted its position in shares of XPO, Inc. (NYSE:XPO) by 9,378.7% in the third quarter, HoldingsChannel.com reports. The fund owned 32,038 shares of the transportation company’s stock after purchasing an additional 31,700 shares during the period. International Assets Investment Management LLC’s holdings in XPO were worth $3,444,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XPO. ORG Wealth Partners LLC purchased a new position in shares of XPO in the 3rd quarter valued at about $25,000. Blue Trust Inc. boosted its stake in shares of XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after buying an additional 258 shares during the period. Quest Partners LLC purchased a new position in shares of XPO in the 2nd quarter valued at about $28,000. ORG Partners LLC purchased a new position in shares of XPO in the 1st quarter valued at about $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of XPO in the 2nd quarter valued at about $37,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XPO has been the subject of several recent research reports. Evercore ISI decreased their price objective on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Susquehanna lifted their price objective on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. Citigroup lifted their price objective on XPO from $127.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday. TD Cowen raised their target price on XPO from $137.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Benchmark reissued a “buy” rating and set a $140.00 target price on shares of XPO in a research report on Thursday, September 19th. Two analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $138.38.

XPO Trading Down 0.3 %

XPO opened at $130.19 on Friday. The firm has a market cap of $15.15 billion, a price-to-earnings ratio of 42.13, a price-to-earnings-growth ratio of 2.08 and a beta of 2.07. XPO, Inc. has a 52 week low of $78.01 and a 52 week high of $138.71. The business’s 50 day moving average is $112.67 and its two-hundred day moving average is $111.24. The company has a quick ratio of 1.00, a current ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. On average, research analysts predict that XPO, Inc. will post 3.55 EPS for the current year.

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.