Citizens Financial Group Inc. RI Takes Position in XPO, Inc. $XPO

Citizens Financial Group Inc. RI acquired a new position in shares of XPO, Inc. (NYSE:XPO) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 24,850 shares of the transportation company’s stock, valued at approximately $5,101,000.

Several other large investors have also recently bought and sold shares of the business. Elyxium Wealth LLC acquired a new stake in XPO in the fourth quarter valued at $28,000. Torren Management LLC acquired a new position in shares of XPO during the 4th quarter worth about $37,000. Horizon Investments LLC purchased a new position in shares of XPO in the 3rd quarter valued at about $39,000. International Assets Investment Management LLC purchased a new position in shares of XPO in the 4th quarter valued at about $41,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of XPO by 35.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after acquiring an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Insider Buying and Selling at XPO

In other XPO news, Director Allison Landry sold 2,400 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the sale, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Christopher Michael Brown sold 3,750 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were 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 in the company, valued at $6,261,149.70. This trade represents a 10.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 7,400 shares of company stock valued at $1,526,502. 0.87% of the stock is currently owned by insiders.

XPO Trading Up 0.1%

Shares of XPO opened at $211.20 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. The firm’s 50-day moving average is $207.62 and its two-hundred day moving average is $203.94. XPO, Inc. has a twelve month low of $121.48 and a twelve month high of $232.05. The firm has a market capitalization of $24.73 billion, a P/E ratio of 62.30, a PEG ratio of 2.14 and a beta of 1.85.

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

Wall Street Analyst Weigh In

XPO has been the subject of several recent analyst reports. Benchmark boosted their target price on XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. TD Cowen raised their price objective on shares of XPO from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Stephens boosted their price objective on shares of XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Stifel Nicolaus upped their target price on shares of XPO from $237.00 to $241.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of XPO from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.86.

XPO Company 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.