SG Americas Securities LLC Purchases 2,733 Shares of XPO, Inc. $XPO

SG Americas Securities LLC raised its position in XPO, Inc. (NYSE:XPO) by 119.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,027 shares of the transportation company’s stock after acquiring an additional 2,733 shares during the quarter. SG Americas Securities LLC’s holdings in XPO were worth $635,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of XPO. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of XPO by 8.0% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,268 shares of the transportation company’s stock valued at $3,823,000 after purchasing an additional 2,242 shares during the period. Cherokee Insurance Co acquired a new position in XPO during the second quarter worth approximately $631,000. Police & Firemen s Retirement System of New Jersey raised its stake in XPO by 4.9% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 43,500 shares of the transportation company’s stock valued at $5,494,000 after buying an additional 2,044 shares during the period. IMA Advisory Services Inc. lifted its position in shares of XPO by 46.7% in the second quarter. IMA Advisory Services Inc. now owns 7,063 shares of the transportation company’s stock valued at $892,000 after buying an additional 2,248 shares during the last quarter. Finally, Vise Technologies Inc. bought a new position in shares of XPO during the 2nd quarter worth approximately $281,000. Institutional investors own 97.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on XPO. Susquehanna restated a “positive” rating and issued a $162.00 price target on shares of XPO in a research note on Friday, October 31st. Truist Financial set a $145.00 price objective on shares of XPO in a report on Tuesday, October 14th. Oppenheimer set a $154.00 price objective on shares of XPO and gave the company an “outperform” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of XPO in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of XPO from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Twenty equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, XPO presently has an average rating of “Moderate Buy” and a consensus price target of $148.15.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 3,250 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total transaction of $438,880.00. Following the transaction, the director owned 5,875 shares in the company, valued at $793,360. This trade represents a 35.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by corporate insiders.

XPO Trading Up 4.6%

XPO stock opened at $140.02 on Wednesday. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00. The company has a market capitalization of $16.44 billion, a PE ratio of 48.45, a price-to-earnings-growth ratio of 2.51 and a beta of 1.99. The company’s 50-day simple moving average is $132.04 and its 200 day simple moving average is $128.45. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01.

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

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.