XPO, Inc. $XPO Shares Acquired by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. raised its holdings in XPO, Inc. (NYSE:XPO) by 100.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,400 shares of the transportation company’s stock after purchasing an additional 4,700 shares during the period. Quintet Private Bank Europe S.A.’s holdings in XPO were worth $1,654,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Keating Financial Advisory Services Inc. acquired a new stake in shares of XPO in the second quarter valued at approximately $32,000. Transamerica Financial Advisors LLC bought a new position in XPO during the 2nd quarter worth $32,000. Root Financial Partners LLC raised its holdings in 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 acquiring an additional 63 shares in the last quarter. V Square Quantitative Management LLC lifted its position in shares of XPO by 19.1% during the 1st quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 60 shares during the period. Finally, Parallel Advisors LLC lifted its position 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 acquiring an additional 49 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Buying and Selling at XPO

In other news, COO David Bates sold 2,615 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $179.41, for a total transaction of $469,157.15. Following the completion of the transaction, the chief operating officer owned 64,735 shares of the company’s stock, valued at approximately $11,614,106.35. This trade represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Brown sold 3,750 shares of XPO 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 transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 11,730 shares of company stock worth $2,208,974. 0.87% of the stock is currently owned by company insiders.

XPO Price Performance

XPO stock traded up $0.98 during trading on Thursday, reaching $181.34. 244,974 shares of the company were exchanged, compared to its average volume of 1,424,752. The company has a market capitalization of $21.23 billion, a price-to-earnings ratio of 53.45, a P/E/G ratio of 1.84 and a beta of 1.85. 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 50-day moving average of $189.72 and a two-hundred day moving average of $202.00. XPO, Inc. has a twelve month low of $121.48 and a twelve month high of $232.05.

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

Analyst Upgrades and Downgrades

XPO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on XPO from $214.00 to $205.00 and set an “overweight” rating on the stock in a research report on Monday. Raymond James Financial decreased 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. Weiss Ratings cut shares of XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Sanford C. Bernstein initiated coverage on shares of XPO in a research report on Thursday, September 10th. They set an “outperform” rating and a $244.00 price target on the stock. Finally, BMO Capital Markets reissued an “outperform” rating on shares of XPO in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $223.55.

XPO Profile

XPO, Inc is a transportation and logistics company that provides freight services to businesses in North America and Europe. Its primary business is less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trailers. The company serves manufacturers, retailers, distributors and other commercial customers.

XPO’s services include regional, interregional and cross-border LTL transportation, freight pickup and delivery, shipment tracking, and related supply chain solutions.