Janney Montgomery Scott LLC Increases Stake in XPO, Inc. $XPO

Key Points

• Janney Montgomery Scott LLC increased its stake in XPO, Inc. by 8.1%, owning 37,900 shares valued at approximately $4.79 million following the purchase of an additional 2,834 shares during the last quarter.
• Directors are actively trading, with Director Allison Landry selling 3,250 shares for about $438,880, resulting in a 35.62% decrease in her position in the company.
• XPO, Inc. reported second-quarter earnings of $1.05 EPS, surpassing analysts' expectations, with revenue of $2.08 billion, which was slightly above consensus estimates.

Janney Montgomery Scott LLC boosted its stake in XPO, Inc. (NYSE:XPO - Free Report) by 8.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,900 shares of the transportation company's stock after purchasing an additional 2,834 shares during the period. Janney Montgomery Scott LLC's holdings in XPO were worth $4,786,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Sowell Financial Services LLC bought a new stake in shares of XPO during the first quarter valued at approximately $247,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of XPO by 14.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 24,632 shares of the transportation company's stock valued at $2,689,000 after purchasing an additional 3,057 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of XPO by 50.9% during the first quarter. Teacher Retirement System of Texas now owns 21,454 shares of the transportation company's stock valued at $2,308,000 after purchasing an additional 7,237 shares in the last quarter. Vontobel Holding Ltd. increased its position in 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 acquiring an additional 1,741 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in XPO by 57.0% during the first quarter. GAMMA Investing LLC now owns 1,782 shares of the transportation company's stock valued at $192,000 after acquiring an additional 647 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Allison Landry sold 3,250 shares of the business's stock in a transaction on Thursday, September 11th. The stock was 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 $793,360. The trade was a 35.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by company insiders.

XPO Trading Down 0.9%

Shares of NYSE:XPO opened at $132.19 on Wednesday. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The business's fifty day simple moving average is $128.79 and its 200-day simple moving average is $120.60. The company has a market capitalization of $15.57 billion, a PE ratio of 45.74, a P/E/G ratio of 2.67 and a beta of 1.95. 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 (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. XPO had a return on equity of 26.48% and a net margin of 4.32%.The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the business posted $1.12 EPS. The business's revenue was up .0% compared to the same quarter last year. As a group, equities research analysts predict that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

XPO has been the subject of a number of analyst reports. Oppenheimer upped their price target on XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday, July 7th. Evercore ISI raised their price target on XPO from $134.00 to $141.00 and gave the company an "outperform" rating in a report on Tuesday, September 30th. Susquehanna raised their price objective on XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research note on Wednesday, June 18th. Wall Street Zen raised XPO from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Truist Financial lifted their target price on XPO from $125.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, June 30th. Nineteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $139.80.

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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