7,700 Shares in XPO, Inc. $XPO Purchased by Retirement Planning Co of New England Inc.

Key Points

• Retirement Planning Co of New England Inc. acquired a new position in XPO, Inc., purchasing 7,700 shares valued at approximately $828,000.
• XPO, a transportation company, reported earnings of $1.05 per share for the last quarter, exceeding analyst expectations of $0.99.
• Equities analysts are optimistic about XPO's future, with nineteen giving it a Buy rating and an average price target of $138.00.

Retirement Planning Co of New England Inc. acquired a new position in XPO, Inc. (NYSE:XPO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,700 shares of the transportation company's stock, valued at approximately $828,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in XPO. Scientech Research LLC lifted its holdings in XPO by 0.9% in the 4th quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock worth $1,291,000 after purchasing an additional 84 shares in the last quarter. Utah Retirement Systems lifted its holdings in XPO by 1.6% in the 4th quarter. Utah Retirement Systems now owns 6,193 shares of the transportation company's stock worth $812,000 after purchasing an additional 100 shares in the last quarter. First Manhattan CO. LLC. lifted its holdings in shares of XPO by 4.8% in the fourth quarter. First Manhattan CO. LLC. now owns 2,208 shares of the transportation company's stock worth $290,000 after buying an additional 102 shares in the last quarter. Securian Asset Management Inc. lifted its holdings in shares of XPO by 1.2% in the first quarter. Securian Asset Management Inc. now owns 8,904 shares of the transportation company's stock worth $958,000 after buying an additional 105 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of XPO by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,501 shares of the transportation company's stock worth $2,033,000 after buying an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on XPO shares. JPMorgan Chase & Co. boosted their price target on shares of XPO from $121.00 to $130.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Citigroup upgraded XPO from a "neutral" rating to a "buy" rating and set a $140.00 target price on the stock in a research report on Friday, August 1st. Benchmark boosted their target price on XPO from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Jefferies Financial Group reiterated a "buy" rating and issued a $140.00 target price (up from $135.00) on shares of XPO in a research report on Tuesday, June 10th. Finally, Wall Street Zen raised XPO from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Nineteen equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

XPO Trading Down 2.1%

XPO stock traded down $2.77 during midday trading on Tuesday, reaching $126.93. 1,192,889 shares of the company traded hands, compared to its average volume of 1,094,058. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $161.00. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. The business has a 50 day moving average of $129.16 and a 200-day moving average of $118.42. The firm has a market capitalization of $14.95 billion, a price-to-earnings ratio of 43.92, a P/E/G ratio of 2.50 and a beta of 1.96.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share 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 company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the firm posted $1.12 EPS. XPO's quarterly revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

About XPO

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.