Cresset Asset Management LLC Invests $445,000 in XPO, Inc. $XPO

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 XPO, Inc. (NYSE:XPO - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,136 shares of the transportation company's stock, valued at approximately $445,000.

Other institutional investors also recently bought and sold shares of the company. Sowell Financial Services LLC purchased a new stake in XPO during the 1st quarter valued at about $247,000. Allspring Global Investments Holdings LLC raised its stake in XPO by 14.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,632 shares of the transportation company's stock worth $2,689,000 after acquiring an additional 3,057 shares during the period. Teacher Retirement System of Texas raised its stake in XPO by 50.9% during the 1st quarter. Teacher Retirement System of Texas now owns 21,454 shares of the transportation company's stock worth $2,308,000 after acquiring an additional 7,237 shares during the period. Capstone Investment Advisors LLC bought a new stake in shares of XPO during the fourth quarter valued at approximately $354,000. Finally, Vontobel Holding Ltd. raised its position in shares of 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 buying an additional 1,741 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Performance

XPO traded down $0.45 during trading on Friday, reaching $129.70. 1,023,019 shares of the company's stock were exchanged, compared to its average volume of 1,210,954. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00. 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 stock has a market capitalization of $15.27 billion, a P/E ratio of 44.88, a price-to-earnings-growth ratio of 2.50 and a beta of 1.97. The company's fifty day simple moving average is $129.03 and its 200-day simple moving average is $118.65.

XPO (NYSE:XPO - Get Free Report) last posted 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 company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period last year, the firm posted $1.12 EPS. XPO's revenue for the quarter was up .0% compared to the same quarter last year. As a group, research analysts predict that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Stephens reiterated an "overweight" rating and set a $131.00 price objective on shares of XPO in a research report on Thursday, June 5th. Morgan Stanley reduced their target price on shares of XPO from $85.00 to $84.00 and set an "underweight" rating on the stock in a research note on Friday, August 1st. JPMorgan Chase & Co. upped their price target on shares of XPO from $121.00 to $130.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Bank of America upped their price target on shares of XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Wells Fargo & Company increased their target price on shares of XPO from $144.00 to $147.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Nineteen investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

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.