1,716 Shares in XPO, Inc. $XPO Acquired by Paulson Wealth Management Inc.

Paulson Wealth Management Inc. bought a new position in shares of XPO, Inc. (NYSE:XPO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,716 shares of the transportation company’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. T. Rowe Price Investment Management Inc. lifted its stake in shares of XPO by 17.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company’s stock worth $223,052,000 after purchasing an additional 306,928 shares during the last quarter. Durable Capital Partners LP raised its holdings in XPO by 246.4% in the first quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company’s stock worth $215,730,000 after purchasing an additional 1,426,394 shares in the last quarter. Findlay Park Partners LLP lifted its position in shares of XPO by 11.6% during the first quarter. Findlay Park Partners LLP now owns 1,572,500 shares of the transportation company’s stock valued at $169,170,000 after buying an additional 163,300 shares during the last quarter. Cooke & Bieler LP bought a new stake in shares of XPO in the 2nd quarter valued at about $108,218,000. Finally, Raymond James Financial Inc. grew its position in shares of XPO by 9.4% in the 1st quarter. Raymond James Financial Inc. now owns 760,086 shares of the transportation company’s stock worth $81,770,000 after buying an additional 65,023 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Down 1.5%

XPO stock opened at $136.25 on Friday. The firm’s fifty day simple moving average is $131.20 and its 200-day simple moving average is $125.36. The company has a market capitalization of $15.99 billion, a P/E ratio of 47.15, a price-to-earnings-growth ratio of 2.51 and a beta of 1.99. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00.

XPO (NYSE:XPO) last posted its earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. The company had revenue of ($2,243.00) million during the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. As a group, equities research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 3,250 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the transaction, the director directly owned 5,875 shares of the company’s stock, valued at approximately $793,360. The trade was a 35.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

XPO has been the subject of several recent analyst reports. 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 research note on Friday, October 3rd. Wall Street Zen raised XPO from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Raymond James Financial boosted their price target on XPO from $132.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Evercore ISI increased their price objective on shares of XPO from $141.00 to $151.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, TD Cowen boosted their target price on shares of XPO from $131.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Twenty analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.40.

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.