XPO, Inc. $XPO Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in XPO, Inc. (NYSE:XPO) by 7.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,524 shares of the transportation company’s stock after acquiring an additional 2,954 shares during the period. Janney Montgomery Scott LLC’s holdings in XPO were worth $8,468,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in XPO. Amundi lifted its holdings in shares of XPO by 50.7% in the 1st quarter. Amundi now owns 5,412 shares of the transportation company’s stock worth $582,000 after purchasing an additional 1,820 shares during the last quarter. AQR Capital Management LLC grew its stake in XPO by 7.6% during the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after buying an additional 1,243 shares during the last quarter. NewEdge Advisors LLC increased its position in XPO by 3.2% in the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after buying an additional 355 shares during the period. EverSource Wealth Advisors LLC increased its position in XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after buying an additional 88 shares during the period. Finally, Marshall Wace LLP bought a new stake in XPO in the second quarter valued at $611,000. 97.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.87% of the stock is owned by corporate insiders.

XPO Stock Performance

XPO opened at $206.19 on Friday. The company has a market capitalization of $24.21 billion, a price-to-earnings ratio of 70.61, a price-to-earnings-growth ratio of 2.39 and a beta of 1.85. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. XPO, Inc. has a 1-year low of $116.68 and a 1-year high of $232.05. The business has a 50 day moving average price of $210.48 and a two-hundred day moving average price of $190.04.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts predict that XPO, Inc. will post 4.87 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on XPO shares. Susquehanna boosted their price target on shares of XPO from $210.00 to $212.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Morgan Stanley set a $105.00 price objective on shares of XPO and gave the company an “underweight” rating in a research report on Friday, May 1st. TD Cowen boosted their target price on shares of XPO from $192.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Stifel Nicolaus set a $237.00 target price on shares of XPO in a research report on Friday, May 1st. Finally, BMO Capital Markets raised their price target on shares of XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $218.10.

XPO Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.