4,136 Shares in XPO, Inc. $XPO Acquired by Cresset Asset Management LLC

Key Points

• Cresset Asset Management LLC has invested $445,000 in XPO, Inc., acquiring 4,136 shares as part of their new position during the first quarter.
• XPO's quarterly earnings report exceeded expectations with earnings per share of $1.05, beating the consensus estimate of $0.99.
• Institutional investors hold approximately 97.73% of XPO's stock, indicating strong institutional confidence in the company.

Cresset Asset Management LLC purchased a new position in shares of XPO, Inc. (NYSE:XPO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,136 shares of the transportation company's stock, valued at approximately $445,000.

A number of other large investors also recently modified their holdings of the business. Tocqueville Asset Management L.P. lifted its holdings in shares of XPO by 9.7% during the first quarter. Tocqueville Asset Management L.P. now owns 142,625 shares of the transportation company's stock worth $15,344,000 after buying an additional 12,625 shares during the last quarter. Redmond Asset Management LLC raised its stake in XPO by 0.5% during the first quarter. Redmond Asset Management LLC now owns 77,975 shares of the transportation company's stock worth $8,389,000 after acquiring an additional 359 shares in the last quarter. Trivium Point Advisory LLC raised its stake in XPO by 22.5% during the first quarter. Trivium Point Advisory LLC now owns 4,418 shares of the transportation company's stock worth $475,000 after acquiring an additional 812 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in XPO during the first quarter worth $2,799,000. Finally, Ground Swell Capital LLC acquired a new stake in shares of XPO in the first quarter valued at $202,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on XPO. Morgan Stanley lowered their target price on XPO from $85.00 to $84.00 and set an "underweight" rating for the company in a research note on Friday, August 1st. Barclays raised their price target on XPO from $135.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. raised their price target on XPO from $121.00 to $130.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Stephens reiterated an "overweight" rating and issued a $131.00 price target on shares of XPO in a report on Thursday, June 5th. Finally, UBS Group raised their price target on XPO from $123.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Nineteen research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

XPO Stock Down 3.1%

NYSE XPO traded down $4.17 during trading on Wednesday, hitting $132.16. The stock had a trading volume of 1,323,485 shares, compared to its average volume of 1,368,263. The company has a market capitalization of $15.56 billion, a PE ratio of 45.73, a P/E/G ratio of 2.63 and a beta of 1.97. The company's 50-day moving average price is $128.65 and its two-hundred day moving average price is $119.06. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00.

XPO (NYSE:XPO - Get Free Report) last released its earnings results on Thursday, July 31st. The transportation company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. XPO had a return on equity of 26.48% and a net margin of 4.32%.The firm had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.05 billion. During the same quarter in the previous year, the business posted $1.12 EPS. The business's quarterly revenue was up .0% compared to the same quarter last year. As a group, sell-side 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.