Sowell Financial Services LLC Invests $247,000 in XPO, Inc. (NYSE:XPO)

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

A number of other large investors also recently made changes to their positions in the company. Argent Trust Co increased its stake in XPO by 1.9% in the 4th quarter. Argent Trust Co now owns 3,940 shares of the transportation company's stock valued at $517,000 after buying an additional 75 shares during the last quarter. Larson Financial Group LLC grew 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 valued at $49,000 after acquiring an additional 76 shares in the last quarter. Scientech Research LLC increased its position in shares of XPO by 0.9% during the fourth quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock valued at $1,291,000 after acquiring an additional 84 shares during the last quarter. SageView Advisory Group LLC increased its position in shares of XPO by 2.1% during the fourth quarter. SageView Advisory Group LLC now owns 4,626 shares of the transportation company's stock valued at $607,000 after acquiring an additional 96 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in XPO by 1.3% during the fourth quarter. First Eagle Investment Management LLC now owns 7,957 shares of the transportation company's stock worth $1,044,000 after acquiring an additional 100 shares during the period. 97.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on XPO shares. Stephens restated an "overweight" rating and issued a $131.00 price objective on shares of XPO in a research note on Thursday, June 5th. Bank of America increased their price target on shares of XPO from $119.00 to $139.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Citigroup decreased their price objective on shares of XPO from $148.00 to $113.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of XPO in a research note on Friday, March 7th. They issued a "buy" rating and a $156.00 target price on the stock. Finally, Wells Fargo & Company decreased their price target on shares of XPO from $130.00 to $116.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $135.26.

XPO Trading Down 0.5%

Shares of XPO stock opened at $119.97 on Monday. The stock has a market capitalization of $14.13 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 2.25 and a beta of 1.92. The company's fifty day simple moving average is $113.00 and its two-hundred day simple moving average is $122.51. 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 2.03, a current ratio of 1.02 and a quick ratio of 1.02.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.98 billion. XPO had a return on equity of 28.27% and a net margin of 4.87%. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 earnings per share. As a group, 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 share repurchase program on Thursday, March 27th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

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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