4,443 Shares in XPO, Inc. $XPO Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC acquired a new position in shares of XPO, Inc. (NYSE:XPO) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 4,443 shares of the transportation company’s stock, valued at approximately $912,000.

A number of other institutional investors also recently bought and sold shares of XPO. BlackRock Inc. acquired a new stake in shares of XPO during the second quarter worth about $2,985,276,000. MFN Partners Management LP acquired a new position in XPO in the 2nd quarter valued at about $2,026,148,865. Durable Capital Partners LP raised its stake in XPO by 79.3% during the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after acquiring an additional 1,589,759 shares during the last quarter. Norges Bank purchased a new stake in XPO during the 4th quarter valued at approximately $204,304,000. Finally, Bessemer Group Inc. lifted its position in XPO by 115.9% during the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock worth $470,986,000 after acquiring an additional 1,299,480 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on XPO. Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Weiss Ratings downgraded XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Stephens upped their target price on shares of XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Oppenheimer raised their price objective on shares of XPO from $236.00 to $238.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Raymond James Financial reduced their target price on shares of XPO from $233.00 to $225.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $225.86.

XPO Stock Up 0.0%

Shares of NYSE:XPO opened at $188.58 on Monday. The company has a market capitalization of $22.08 billion, a price-to-earnings ratio of 55.63, a price-to-earnings-growth ratio of 1.91 and a beta of 1.85. The company has a 50 day moving average of $203.99 and a two-hundred day moving average of $205.34. XPO, Inc. has a 52-week low of $121.48 and a 52-week high of $232.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55.

XPO (NYSE:XPO) last posted its earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 earnings per share. As a group, analysts forecast that XPO, Inc. will post 5.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the transaction, the chief accounting officer directly owned 31,005 shares of the company’s stock, valued at $6,261,149.70. This represents a 10.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is owned by corporate insiders.

About XPO

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.