Envestnet Asset Management Inc. Raises Stake in XPO, Inc. $XPO

Envestnet Asset Management Inc. raised its holdings in shares of XPO, Inc. (NYSE:XPO) by 9.6% during the third quarter, Holdings Channel reports. The fund owned 97,631 shares of the transportation company’s stock after buying an additional 8,547 shares during the period. Envestnet Asset Management Inc.’s holdings in XPO were worth $12,621,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. boosted its stake in shares of XPO by 102.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,783 shares of the transportation company’s stock valued at $230,000 after purchasing an additional 904 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in XPO by 4.3% in the third quarter. Ashton Thomas Private Wealth LLC now owns 9,094 shares of the transportation company’s stock worth $1,176,000 after purchasing an additional 375 shares during the last quarter. AGF Management Ltd. bought a new stake in XPO in the third quarter worth $827,000. Bridges Investment Management Inc. boosted its position in XPO by 7.0% during the third quarter. Bridges Investment Management Inc. now owns 8,440 shares of the transportation company’s stock valued at $1,091,000 after buying an additional 549 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in shares of XPO by 4.8% during the third quarter. Jones Financial Companies Lllp now owns 9,266 shares of the transportation company’s stock valued at $1,168,000 after buying an additional 421 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Price Performance

Shares of XPO stock opened at $202.34 on Wednesday. The business has a 50 day moving average of $156.39 and a 200 day moving average of $140.52. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $207.04. The company has a market cap of $23.70 billion, a PE ratio of 76.36, a P/E/G ratio of 2.57 and a beta of 2.01. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.75.

XPO (NYSE:XPO) last released its quarterly earnings results on Thursday, February 5th. The transportation company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.12. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.95 billion. XPO had a net margin of 3.87% and a return on equity of 25.07%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 earnings per share. As a group, equities research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

Wall Street Analyst Weigh In

XPO has been the subject of a number of recent research reports. Zacks Research raised XPO from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Wells Fargo & Company boosted their price objective on XPO from $147.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of XPO in a research note on Wednesday, January 21st. Stephens reaffirmed an “overweight” rating and issued a $170.00 target price on shares of XPO in a research note on Tuesday, January 6th. Finally, Rothschild & Co Redburn set a $156.00 price target on shares of XPO in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $177.18.

XPO Company 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.