Perennial Investment Advisors LLC Takes $562,000 Position in XPO, Inc. $XPO

Perennial Investment Advisors LLC bought a new stake in XPO, Inc. (NYSE:XPO) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,738 shares of the transportation company’s stock, valued at approximately $562,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in shares of XPO by 13.2% during the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock valued at $82,000 after buying an additional 49 shares during the period. V Square Quantitative Management LLC increased its stake in XPO by 19.1% during the first quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock worth $73,000 after acquiring an additional 60 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of XPO by 13.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company’s stock worth $68,000 after purchasing an additional 60 shares during the period. Root Financial Partners LLC lifted its stake in shares of XPO by 21.1% in the 1st quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 63 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of XPO by 4.4% during the 4th quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company’s stock worth $202,000 after purchasing an additional 63 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on XPO. Citigroup cut their price target on shares of XPO from $226.00 to $221.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Stephens raised their target price on shares of XPO from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Citizens Jmp assumed coverage on shares of XPO in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Truist Financial set a $240.00 price objective on XPO in a research report on Friday, May 1st. Finally, Wells Fargo & Company boosted their price objective on XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, XPO has a consensus rating of “Moderate Buy” and an average target price of $225.86.

Insider Buying and Selling

In related news, CAO Christopher Michael Brown sold 3,750 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the sale, the chief accounting officer directly owned 31,005 shares of the company’s stock, valued at $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.87% of the company’s stock.

XPO Stock Performance

XPO stock opened at $192.82 on Thursday. XPO, Inc. has a 12-month low of $121.48 and a 12-month high of $232.05. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $22.58 billion, a price-to-earnings ratio of 56.88, a price-to-earnings-growth ratio of 1.95 and a beta of 1.85. The firm’s fifty day moving average price is $204.36 and its 200 day moving average price is $205.55.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.XPO’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.05 earnings per share. On average, research analysts forecast that XPO, Inc. will post 5.44 EPS for the current fiscal 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.