XPO, Inc. $XPO Shares Acquired by Geneos Wealth Management Inc.

Key Points

• Geneos Wealth Management Inc. increased its stake in XPO, Inc. by 194.1% in Q1, owning 3,020 shares worth $325,000 as of its latest filing.
• Institutional investors now hold 97.73% of XPO's stock, with notable increases from Durable Capital Partners LP and BNP Paribas Financial Markets during the same quarter.
• XPO reported an EPS of $1.05 for the last quarter, surpassing analysts’ expectations by $0.06, while revenue grew to $2.08 billion.

Geneos Wealth Management Inc. lifted its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 194.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,020 shares of the transportation company's stock after purchasing an additional 1,993 shares during the quarter. Geneos Wealth Management Inc.'s holdings in XPO were worth $325,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its holdings in shares of XPO by 17.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company's stock worth $223,052,000 after acquiring an additional 306,928 shares in the last quarter. Durable Capital Partners LP raised its holdings in shares of XPO by 246.4% in the 1st quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company's stock valued at $215,730,000 after purchasing an additional 1,426,394 shares during the period. Findlay Park Partners LLP boosted its position in shares of XPO by 11.6% during the 1st quarter. Findlay Park Partners LLP now owns 1,572,500 shares of the transportation company's stock worth $169,170,000 after acquiring an additional 163,300 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of XPO by 9.4% during the first quarter. Raymond James Financial Inc. now owns 760,086 shares of the transportation company's stock worth $81,770,000 after purchasing an additional 65,023 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in XPO by 854.2% in the first quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company's stock valued at $59,335,000 after purchasing an additional 493,736 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

Insider Activity at XPO

In related news, Director Allison Landry sold 3,250 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $135.04, for a total transaction of $438,880.00. Following the completion of the sale, 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. 2.90% of the stock is owned by company insiders.

XPO Price Performance

Shares of XPO traded down $0.72 during mid-day trading on Friday, reaching $130.92. 1,176,024 shares of the stock traded hands, compared to its average volume of 1,099,615. The company has a market cap of $15.42 billion, a price-to-earnings ratio of 45.30, a price-to-earnings-growth ratio of 2.54 and a beta of 1.96. The firm has a fifty day moving average price of $129.49 and a 200 day moving average price of $118.81. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.05 billion. During the same quarter last year, the company posted $1.12 earnings per share. The firm's quarterly revenue was up .0% on a year-over-year basis. As a group, equities research analysts predict that XPO, Inc. will post 4.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

XPO has been the topic of a number of research analyst reports. Oppenheimer increased their price target on shares of XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a report on Monday, July 7th. Barclays boosted their price objective on shares of XPO from $135.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Jefferies Financial Group reaffirmed a "buy" rating and set a $140.00 price objective (up previously from $135.00) on shares of XPO in a research note on Tuesday, June 10th. Citigroup reissued a "buy" rating on shares of XPO in a research report on Wednesday, September 10th. Finally, Stephens reiterated an "overweight" rating and issued a $131.00 price objective on shares of XPO in a research note on Thursday, June 5th. Nineteen analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.