Independent Advisor Alliance Boosts Holdings in XPO, Inc. (NYSE:XPO)

Independent Advisor Alliance boosted its position in shares of XPO, Inc. (NYSE:XPO) by 3.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 24,170 shares of the transportation company’s stock after buying an additional 693 shares during the quarter. Independent Advisor Alliance’s holdings in XPO were worth $2,599,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new stake in shares of XPO during the third quarter worth $25,000. Blue Trust Inc. lifted its position in shares of XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after purchasing an additional 258 shares during the last quarter. Quest Partners LLC bought a new stake in shares of XPO during the second quarter worth $28,000. International Assets Investment Management LLC bought a new stake in shares of XPO during the second quarter worth $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of XPO during the second quarter worth $37,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research report on Friday, September 6th. Susquehanna lifted their price objective on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. TD Cowen lifted their price objective on XPO from $137.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Wells Fargo & Company lifted their price objective on XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Citigroup lifted their price objective on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, XPO presently has an average rating of “Moderate Buy” and an average price target of $141.13.

XPO Stock Performance

Shares of XPO stock opened at $151.66 on Tuesday. The company has a market capitalization of $17.65 billion, a PE ratio of 49.08, a P/E/G ratio of 2.24 and a beta of 2.07. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50-day simple moving average of $124.64 and a two-hundred day simple moving average of $115.12. XPO, Inc. has a one year low of $78.72 and a one year high of $156.85.

XPO (NYSE:XPO) last announced its earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 earnings per share. Research analysts expect that XPO, Inc. will post 3.62 EPS for the current fiscal 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.