C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes Position in XPO, Inc. (NYSE:XPO)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in XPO, Inc. (NYSE:XPO) during the 4th quarter, HoldingsChannel reports. The fund purchased 1,250,000 shares of the transportation company’s stock, valued at approximately $163,938,000. XPO accounts for 7.6% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings, making the stock its 4th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Stifel Financial Corp lifted its position in XPO by 159.1% during the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after purchasing an additional 43,237 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of XPO during the 3rd quarter valued at $534,000. Traynor Capital Management Inc. lifted its holdings in shares of XPO by 125.2% during the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after acquiring an additional 13,422 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in XPO in the fourth quarter worth $423,000. Finally, PCJ Investment Counsel Ltd. increased its stake in XPO by 36.2% in the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after acquiring an additional 10,740 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Performance

XPO stock opened at $144.57 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The firm has a market cap of $16.83 billion, a P/E ratio of 44.76, a P/E/G ratio of 1.93 and a beta of 2.12. XPO, Inc. has a 1-year low of $97.03 and a 1-year high of $161.00. The firm has a 50-day moving average of $140.93 and a 200-day moving average of $128.68.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. Sell-side analysts expect that XPO, Inc. will post 4.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on XPO shares. Stifel Nicolaus lifted their price target on XPO from $124.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Raymond James dropped their target price on XPO from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, February 7th. UBS Group upped their target price on XPO from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Stephens reissued an “overweight” rating and set a $165.00 price target on shares of XPO in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $161.13.

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.