Kestra Advisory Services LLC Buys 3,233 Shares of XPO, Inc. $XPO

Kestra Advisory Services LLC boosted its stake in XPO, Inc. (NYSE:XPO) by 467.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,924 shares of the transportation company’s stock after purchasing an additional 3,233 shares during the period. Kestra Advisory Services LLC’s holdings in XPO were worth $763,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in XPO. Toth Financial Advisory Corp lifted its holdings in shares of XPO by 100.0% during the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock valued at $27,000 after buying an additional 100 shares during the period. Elyxium Wealth LLC bought a new stake in shares of XPO in the fourth quarter worth $28,000. Torren Management LLC bought a new stake in shares of XPO in the fourth quarter worth $37,000. International Assets Investment Management LLC bought a new stake in shares of XPO in the fourth quarter worth $41,000. Finally, Horizon Investments LLC purchased a new stake in XPO during the third quarter valued at $39,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at XPO

In other news, Director Allison Landry sold 2,400 shares of XPO 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 transaction, the director directly owned 4,849 shares of the company’s stock, valued at $1,045,492.89. The trade was a 33.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on XPO shares. Jefferies Financial Group increased their target price on XPO to $275.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Citizens Jmp initiated coverage on XPO in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Citigroup started coverage on shares of XPO in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Stifel Nicolaus increased their price objective on shares of XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, BMO Capital Markets raised their price objective on shares of XPO from $240.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $219.76.

XPO Price Performance

Shares of XPO stock opened at $212.60 on Friday. XPO, Inc. has a one year low of $116.68 and a one year high of $232.05. The stock’s fifty day moving average is $210.31 and its 200 day moving average is $197.33. The stock has a market cap of $24.96 billion, a P/E ratio of 72.81, a P/E/G ratio of 2.44 and a beta of 1.85. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99.

XPO (NYSE:XPO) last released 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 business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. XPO’s revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts anticipate that XPO, Inc. will post 4.91 earnings per share for the current year.

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.