XPO, Inc. $XPO Shares Acquired by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. increased its holdings in XPO, Inc. by 67.7%, owning 8,986 shares worth approximately $967,000 as of the latest SEC filing.
• Hedge funds collectively own 97.73% of XPO shares, with several funds boosting their stakes notably in the first quarter.
• XPO reported quarterly earnings of $1.05 EPS, exceeding analysts' estimates, with revenue of $2.08 billion, indicating a year-over-year growth.

Advisors Asset Management Inc. raised its stake in XPO, Inc. (NYSE:XPO - Free Report) by 67.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,986 shares of the transportation company's stock after buying an additional 3,628 shares during the period. Advisors Asset Management Inc.'s holdings in XPO were worth $967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. SouthState Corp purchased a new stake in XPO in the 1st quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB boosted its position in XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after buying an additional 113 shares during the period. Parallel Advisors LLC lifted its position in shares of XPO by 58.8% in the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock worth $52,000 after purchasing an additional 180 shares during the period. Cullen Frost Bankers Inc. lifted its position in shares of XPO by 65.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock worth $57,000 after purchasing an additional 209 shares during the period. Finally, Archer Investment Corp purchased a new stake in shares of XPO in the 1st quarter worth approximately $91,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Up 2.9%

Shares of NYSE XPO traded up $3.77 during trading hours on Monday, hitting $133.96. 1,270,616 shares of the stock were exchanged, compared to its average volume of 1,083,983. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The company has a market cap of $15.78 billion, a PE ratio of 46.35, a PEG ratio of 2.51 and a beta of 1.96. The firm has a fifty day moving average price of $129.57 and a 200-day moving average price of $118.43.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. XPO had a net margin of 4.32% and a return on equity of 26.48%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the business posted $1.12 EPS. XPO's revenue for the quarter was up .0% compared to the same quarter last year. On average, sell-side analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 3,250 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the transaction, the director owned 5,875 shares in the company, valued at approximately $793,360. This represents a 35.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on XPO shares. Truist Financial upped their price target on shares of XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Morgan Stanley lowered their price target on shares of XPO from $85.00 to $84.00 and set an "underweight" rating for the company in a research report on Friday, August 1st. Wells Fargo & Company upped their price target on shares of XPO from $144.00 to $147.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Bank of America upped their price target on shares of XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Finally, Wall Street Zen raised shares of XPO from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Nineteen analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $138.00.

About XPO

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.