Guggenheim Capital LLC Grows Stock Holdings in XPO, Inc. $XPO

Guggenheim Capital LLC raised its stake in XPO, Inc. (NYSE:XPO) by 203.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,844 shares of the transportation company’s stock after buying an additional 5,933 shares during the period. Guggenheim Capital LLC’s holdings in XPO were worth $1,117,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SouthState Corp acquired a new stake in shares of XPO in the 1st quarter worth approximately $25,000. RMG Wealth Management LLC purchased a new stake in XPO during the second quarter worth $26,000. FNY Investment Advisers LLC acquired a new stake in XPO in the second quarter valued at $42,000. EverSource Wealth Advisors LLC increased its position in shares of XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after buying an additional 88 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of XPO by 46.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock worth $44,000 after buying an additional 111 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Up 5.4%

Shares of XPO stock opened at $150.52 on Thursday. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The stock has a market capitalization of $17.67 billion, a price-to-earnings ratio of 54.14, a PEG ratio of 2.83 and a beta of 2.03. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.77. The business’s 50 day simple moving average is $134.74 and its 200-day simple moving average is $129.79.

XPO (NYSE:XPO) last announced its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. XPO had a return on equity of 26.14% and a net margin of 4.13%.The company had revenue of ($2,243.00) million during the quarter. Equities research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on XPO shares. UBS Group raised their target price on shares of XPO from $150.00 to $162.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Stifel Nicolaus set a $149.00 price target on shares of XPO in a research report on Friday, October 31st. Susquehanna reissued a “positive” rating and issued a $162.00 target price on shares of XPO in a research note on Friday, October 31st. Citigroup raised their price target on XPO from $159.00 to $164.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Finally, Barclays lifted their price target on shares of XPO from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, XPO currently has an average rating of “Moderate Buy” and a consensus price target of $149.64.

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.