MML Investors Services LLC Grows Position in XPO, Inc. (NYSE:XPO)

MML Investors Services LLC raised its position in shares of XPO, Inc. (NYSE:XPO) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,159 shares of the transportation company’s stock after acquiring an additional 176 shares during the period. MML Investors Services LLC’s holdings in XPO were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Orion Portfolio Solutions LLC increased its position in XPO by 21.2% in the third quarter. Orion Portfolio Solutions LLC now owns 3,114 shares of the transportation company’s stock worth $335,000 after purchasing an additional 544 shares during the last quarter. XTX Topco Ltd lifted its position in XPO by 45.4% during the third quarter. XTX Topco Ltd now owns 17,020 shares of the transportation company’s stock valued at $1,830,000 after purchasing an additional 5,314 shares during the last quarter. Weiss Asset Management LP purchased a new position in shares of XPO in the 3rd quarter worth $900,000. State Street Corp increased its holdings in shares of XPO by 1.1% in the 3rd quarter. State Street Corp now owns 3,477,846 shares of the transportation company’s stock worth $373,903,000 after buying an additional 37,486 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of XPO by 159.1% during the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after buying an additional 43,237 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XPO has been the subject of several recent research reports. Stephens reiterated an “overweight” rating and issued a $165.00 price target on shares of XPO in a research report on Wednesday, December 4th. TD Cowen boosted their target price on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Susquehanna raised their price target on XPO from $145.00 to $160.00 and gave the stock a “positive” rating in a research report on Wednesday, September 18th. The Goldman Sachs Group lifted their price objective on shares of XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company increased their target price on shares of XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $147.31.

XPO Price Performance

Shares of XPO stock opened at $133.17 on Friday. The company has a market capitalization of $15.50 billion, a P/E ratio of 43.10, a P/E/G ratio of 2.37 and a beta of 2.08. The company’s 50-day simple moving average is $142.05 and its two-hundred day simple moving average is $121.52. XPO, Inc. has a one year low of $80.26 and a one year high of $161.00. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (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 analysts’ expectations of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. XPO’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 earnings per share. As a group, equities analysts anticipate that XPO, Inc. will post 3.62 EPS for the current year.

XPO Company 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.