XPO, Inc. $XPO Holdings Raised by Anderson Financial Strategies LLC

Key Points

• Anderson Financial Strategies LLC increased its holdings in XPO, Inc. by 35.1%, owning 12,703 shares valued at $1,367,000 as of the last quarter.
• Other institutional investors like Strs Ohio and Geneos Wealth Management also modified their positions in XPO, highlighting significant interest from hedge funds and institutional investors, which collectively own 97.73% of the stock.
• XPO reported earnings of $1.05 per share, exceeding analysts' expectations, and has seen price target upgrades from multiple research firms, with an average target of $138.00 and a rating of "Moderate Buy."

Anderson Financial Strategies LLC raised its position in XPO, Inc. (NYSE:XPO - Free Report) by 35.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,703 shares of the transportation company's stock after purchasing an additional 3,301 shares during the quarter. XPO accounts for approximately 0.8% of Anderson Financial Strategies LLC's portfolio, making the stock its 25th largest holding. Anderson Financial Strategies LLC's holdings in XPO were worth $1,367,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sowell Financial Services LLC purchased a new position in shares of XPO in the 1st quarter worth about $247,000. Allspring Global Investments Holdings LLC raised its holdings in shares of XPO by 14.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,632 shares of the transportation company's stock worth $2,689,000 after purchasing an additional 3,057 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of XPO by 50.9% in the 1st quarter. Teacher Retirement System of Texas now owns 21,454 shares of the transportation company's stock worth $2,308,000 after purchasing an additional 7,237 shares during the period. Vontobel Holding Ltd. raised its holdings in shares of XPO by 88.0% in the 1st quarter. Vontobel Holding Ltd. now owns 3,719 shares of the transportation company's stock worth $400,000 after purchasing an additional 1,741 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of XPO by 57.0% in the 1st quarter. GAMMA Investing LLC now owns 1,782 shares of the transportation company's stock worth $192,000 after purchasing an additional 647 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Performance

NYSE:XPO traded up $0.11 during midday trading on Tuesday, reaching $134.03. 259,048 shares of the company traded hands, compared to its average volume of 1,543,148. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The firm has a market capitalization of $15.78 billion, a price-to-earnings ratio of 46.25, a price-to-earnings-growth ratio of 2.51 and a beta of 1.96. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. The company 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 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. XPO had a return on equity of 26.48% and a net margin of 4.32%.The company's quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company earned $1.12 earnings per share. On average, analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Morgan Stanley cut their price objective on XPO from $85.00 to $84.00 and set an "underweight" rating on the stock in a report on Friday, August 1st. Barclays raised their target price on XPO from $135.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Truist Financial upped their price target on XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Susquehanna upped their price target on XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a report on Wednesday, June 18th. Finally, Wall Street Zen upgraded XPO from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Nineteen investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, XPO has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Insider Activity at XPO

In other 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 of the company's stock, valued at approximately $793,360. This trade represents a 35.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.00% of the company's stock.

XPO Company 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.