Sowell Financial Services LLC Buys New Position in XPO, Inc. (NYSE:XPO)

Sowell Financial Services LLC bought a new stake in XPO, Inc. (NYSE:XPO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,292 shares of the transportation company's stock, valued at approximately $247,000.

Other hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its position in shares of XPO by 89.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after purchasing an additional 113 shares during the last quarter. Halbert Hargrove Global Advisors LLC purchased a new position in XPO during the fourth quarter worth $42,000. Cullen Frost Bankers Inc. increased its position in XPO by 69.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company's stock worth $42,000 after buying an additional 130 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of XPO by 25.6% in the fourth quarter. Larson Financial Group LLC now owns 373 shares of the transportation company's stock worth $49,000 after acquiring an additional 76 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of XPO by 58.8% in the first quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock valued at $52,000 after acquiring an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Trading Up 0.1%

Shares of XPO stock traded up $0.12 during trading hours on Thursday, reaching $124.15. The stock had a trading volume of 1,288,465 shares, compared to its average volume of 1,624,753. The firm has a market capitalization of $14.63 billion, a price-to-earnings ratio of 38.20, a P/E/G ratio of 2.33 and a beta of 1.92. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. The firm has a 50 day simple moving average of $114.75 and a two-hundred day simple moving average of $122.36.

XPO (NYSE:XPO - Get Free Report) last posted its earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. XPO had a net margin of 4.87% and a return on equity of 28.27%. The company's revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 EPS. As a group, equities research analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 27th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the transportation company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts recently commented on XPO shares. Raymond James Financial dropped their price objective on XPO from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Vertical Research upgraded shares of XPO from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a report on Thursday, March 6th. Susquehanna upped their price objective on shares of XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research note on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of XPO in a research report on Friday, March 7th. They set a "buy" rating and a $156.00 target price on the stock. Finally, Truist Financial cut their price target on XPO from $130.00 to $125.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Nineteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $135.26.

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.