Natixis Advisors LLC Boosts Stake in XPO, Inc. $XPO

Natixis Advisors LLC raised its stake in XPO, Inc. (NYSE:XPO) by 33.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 49,839 shares of the transportation company’s stock after purchasing an additional 12,472 shares during the quarter. Natixis Advisors LLC’s holdings in XPO were worth $6,774,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp boosted its holdings in 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 acquiring an additional 100 shares during the period. Elyxium Wealth LLC acquired a new position in XPO during the 4th quarter worth approximately $28,000. Torren Management LLC acquired a new position in shares of XPO during the fourth quarter worth $37,000. International Assets Investment Management LLC purchased a new position in shares of XPO in the 4th quarter valued at about $41,000. Finally, Horizon Investments LLC purchased a new position in XPO in the third quarter valued at approximately $39,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Trading Up 0.1%

NYSE XPO opened at $219.07 on Monday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $25.72 billion, a P/E ratio of 75.02, a P/E/G ratio of 2.55 and a beta of 1.83. XPO, Inc. has a 12 month low of $116.68 and a 12 month high of $231.46. The company has a 50-day moving average of $209.88 and a 200-day moving average of $180.50.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business earned $0.73 EPS. XPO’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities analysts predict that XPO, Inc. will post 4.84 earnings per share for the current year.

Insider Activity at XPO

In related news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the transaction, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

XPO has been the topic of several research reports. Susquehanna raised their price objective on XPO from $210.00 to $212.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Stifel Nicolaus set a $237.00 price objective on shares of XPO in a research note on Friday, May 1st. TD Cowen raised their price target on XPO from $192.00 to $224.00 and gave the company a “buy” rating in a report on Friday, May 1st. Wells Fargo & Company raised their price objective on shares of XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Oppenheimer boosted their target price on XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, XPO presently has an average rating of “Moderate Buy” and an average price target of $216.95.

About XPO

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.