Anderson Financial Strategies LLC Grows Stock Holdings in XPO, Inc. $XPO

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

Several other institutional investors have also modified their holdings of the company. Strs Ohio purchased a new stake in shares of XPO during the 1st quarter worth $3,776,000. Geneos Wealth Management Inc. lifted its position in shares of XPO by 194.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,020 shares of the transportation company's stock worth $325,000 after purchasing an additional 1,993 shares during the last quarter. Intech Investment Management LLC raised its stake in XPO by 0.5% during the 1st quarter. Intech Investment Management LLC now owns 67,766 shares of the transportation company's stock worth $7,290,000 after acquiring an additional 324 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in XPO by 3.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 302,969 shares of the transportation company's stock worth $32,593,000 after acquiring an additional 10,665 shares in the last quarter. Finally, Woodline Partners LP acquired a new stake in XPO during the 1st quarter worth $5,119,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Trading Down 0.3%

NYSE XPO opened at $130.17 on Thursday. 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 firm has a market cap of $15.33 billion, a PE ratio of 45.04, a P/E/G ratio of 2.52 and a beta of 1.96. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The firm's fifty day moving average is $129.47 and its two-hundred day moving average is $118.27.

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, topping 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 period in the previous year, the business posted $1.12 earnings per share. The business's revenue was up .0% compared to the same quarter last year. Analysts expect that XPO, Inc. will post 4.15 earnings per share for the current year.

Wall Street Analyst Weigh In

XPO has been the topic of several research analyst reports. Benchmark lifted their price target on shares of XPO from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Susquehanna lifted their price target on shares of XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a research note on Wednesday, June 18th. Wells Fargo & Company lifted their price target on shares of XPO from $144.00 to $147.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Oppenheimer lifted their price target 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. Finally, Truist Financial lifted their price target on shares of XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. Nineteen investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

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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