7,891 Shares in XPO, Inc. $XPO Acquired by Bridges Investment Management Inc.

Key Points

• Bridges Investment Management Inc. acquired a new stake in XPO, Inc., purchasing 7,891 shares valued at approximately $997,000.
• XPO's current stock price is $131.13, with a market capitalization of $15.44 billion and a 52-week trading range between $85.06 and $161.00.
• Analysts have mixed ratings on XPO, with a consensus target price of $143.00, reflecting an overall "Moderate Buy" recommendation from the majority.

Bridges Investment Management Inc. purchased a new stake in XPO, Inc. (NYSE:XPO - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,891 shares of the transportation company's stock, valued at approximately $997,000.

A number of other institutional investors have also recently bought and sold shares of XPO. SouthState Corp acquired a new stake in shares of XPO in the first quarter valued at approximately $25,000. RMG Wealth Management LLC acquired a new position in XPO during the second quarter worth $26,000. MassMutual Private Wealth & Trust FSB increased its holdings in XPO by 46.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company's stock worth $44,000 after buying an additional 111 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in XPO by 63.2% during the second quarter. Farther Finance Advisors LLC now owns 426 shares of the transportation company's stock worth $54,000 after buying an additional 165 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in XPO by 65.7% during the first quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock worth $57,000 after buying an additional 209 shares during the last quarter. Institutional investors own 97.73% of the company's stock.

XPO Price Performance

XPO stock opened at $131.13 on Friday. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $161.00. The stock's 50 day moving average price is $130.15 and its two-hundred day moving average price is $121.56. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. The stock has a market capitalization of $15.44 billion, a price-to-earnings ratio of 45.37, a PEG ratio of 2.59 and a beta of 1.95.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%.The company had revenue of ($2,243.00) million for the quarter. On average, equities analysts predict that XPO, Inc. will post 4.15 earnings per share for the current year.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 3,250 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total transaction of $438,880.00. Following the transaction, the director directly owned 5,875 shares in the company, valued at approximately $793,360. This trade represents a 35.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.90% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of XPO from $156.00 to $144.00 and set an "overweight" rating on the stock in a report on Wednesday, October 8th. Evercore ISI upped their price objective on shares of XPO from $134.00 to $141.00 and gave the company an "outperform" rating in a report on Tuesday, September 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of XPO in a report on Wednesday, October 8th. Wells Fargo & Company upped their price objective on shares of XPO from $144.00 to $147.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Barclays boosted their target price on shares of XPO from $135.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Nineteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, XPO currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.00.

XPO Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.

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