Advisors Asset Management Inc. Has $967,000 Stock Position in XPO, Inc. $XPO

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. boosted its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 67.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,986 shares of the transportation company's stock after purchasing an additional 3,628 shares during the period. Advisors Asset Management Inc.'s holdings in XPO were worth $967,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC purchased a new position in XPO during the first quarter valued at approximately $247,000. Allspring Global Investments Holdings LLC grew its position in XPO by 14.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 24,632 shares of the transportation company's stock valued at $2,689,000 after purchasing an additional 3,057 shares in the last quarter. Teacher Retirement System of Texas grew its position in XPO by 50.9% during the first quarter. Teacher Retirement System of Texas now owns 21,454 shares of the transportation company's stock valued at $2,308,000 after purchasing an additional 7,237 shares in the last quarter. Vontobel Holding Ltd. grew its position in XPO by 88.0% during the first quarter. Vontobel Holding Ltd. now owns 3,719 shares of the transportation company's stock valued at $400,000 after purchasing an additional 1,741 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in XPO by 57.0% during the first quarter. GAMMA Investing LLC now owns 1,782 shares of the transportation company's stock valued at $192,000 after purchasing an additional 647 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XPO has been the subject of several recent research reports. UBS Group boosted their target price on shares of XPO from $123.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their target price on shares of XPO from $121.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Wall Street Zen raised shares of XPO from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Truist Financial boosted their target price 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. Finally, Oppenheimer boosted their price objective on shares of XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a research note on Monday, July 7th. Nineteen equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $138.00.

Insider Activity

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

XPO Stock Performance

XPO stock traded down $4.00 during mid-day trading on Friday, reaching $130.40. The company had a trading volume of 713,840 shares, compared to its average volume of 1,101,315. 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 52 week low of $85.06 and a 52 week high of $161.00. The company has a 50 day moving average of $129.48 and a 200-day moving average of $118.40. The firm has a market cap of $15.36 billion, a price-to-earnings ratio of 45.12, a PEG ratio of 2.60 and a beta of 1.96.

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 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 firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the firm earned $1.12 EPS. The business's revenue was up .0% on a year-over-year basis. On average, sell-side analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

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.