Avior Wealth Management LLC Purchases New Position in XPO, Inc. $XPO

Key Points

• Avior Wealth Management LLC has established a new position in XPO, Inc., acquiring 7,455 shares valued at approximately $941,000 during the second quarter.
• Multiple institutional investors have recently made significant adjustments to their holdings in XPO, with overall institutional ownership reaching 97.73% of the company's stock.
• XPO's stock achieved an earnings per share (EPS) of $1.05 for the most recent quarter, exceeding analysts' expectations of $0.99.

Avior Wealth Management LLC purchased a new stake in shares of XPO, Inc. (NYSE:XPO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,455 shares of the transportation company's stock, valued at approximately $941,000.

Several other institutional investors and hedge funds also recently made changes to their positions in XPO. SouthState Corp bought a new stake in shares of XPO during the first quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB grew 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 worth $26,000 after purchasing an additional 113 shares during the period. Parallel Advisors LLC grew its position in 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. Farther Finance Advisors LLC grew its position in XPO by 63.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 426 shares of the transportation company's stock worth $54,000 after purchasing an additional 165 shares during the period. Finally, Cullen Frost Bankers Inc. grew its position in 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. Institutional investors own 97.73% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on XPO shares. Wall Street Zen raised shares of XPO from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Morgan Stanley cut their price objective 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 boosted their price objective on shares of XPO from $144.00 to $147.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Stephens reissued an "overweight" rating and set a $131.00 price objective on shares of XPO in a research report on Thursday, June 5th. Finally, TD Cowen cut their price objective on shares of XPO from $136.00 to $133.00 and set a "buy" rating for the company in a research report on Friday, June 27th. Nineteen research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Insider Activity

In other news, Director Allison Landry sold 3,250 shares of the 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 directly owned 5,875 shares in the company, valued at approximately $793,360. This trade represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.90% of the company's stock.

XPO Stock Performance

XPO stock opened at $127.38 on Tuesday. 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 firm has a market capitalization of $15.00 billion, a P/E ratio of 44.08, a price-to-earnings-growth ratio of 2.43 and a beta of 1.96. The company's 50-day moving average is $129.50 and its 200 day moving average is $119.84. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00.

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

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.

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