Thoroughbred Financial Services LLC Has $1.17 Million Stake in XPO, Inc. (NYSE:XPO)

Key Points

• Thoroughbred Financial Services LLC increased its position in XPO, Inc. by 23.0%, acquiring an additional 2,040 shares, bringing its total to 10,905 shares valued at approximately $1.17 million.
• XPO's stock traded down 0.2% to $120.16, with a market capitalization of $14.15 billion and a P/E ratio of 41.58.
• Analysts have a consensus rating of "Moderate Buy" for XPO, with a target price averaging $138.00 and a majority issuing buy ratings for the stock.

Thoroughbred Financial Services LLC lifted its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 23.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,905 shares of the transportation company's stock after buying an additional 2,040 shares during the quarter. Thoroughbred Financial Services LLC's holdings in XPO were worth $1,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in XPO. Argent Trust Co raised its holdings in shares of XPO by 1.9% during 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 period. Scientech Research LLC boosted its stake in shares of XPO by 0.9% during the 4th quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock valued at $1,291,000 after buying an additional 84 shares during the last quarter. SageView Advisory Group LLC grew 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 worth $607,000 after buying an additional 96 shares in the last quarter. Utah Retirement Systems increased its stake in shares of XPO by 1.6% in the fourth quarter. Utah Retirement Systems now owns 6,193 shares of the transportation company's stock worth $812,000 after buying an additional 100 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in XPO by 4.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,340 shares of the transportation company's stock valued at $307,000 after acquiring an additional 101 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on XPO shares. Jefferies Financial Group restated a "buy" rating and issued a $140.00 target price (up previously from $135.00) on shares of XPO in a research note on Tuesday, June 10th. JPMorgan Chase & Co. lifted their target price on XPO from $121.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Stifel Nicolaus dropped their price target on XPO from $145.00 to $136.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Susquehanna boosted their target price 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. Finally, Oppenheimer raised their target price on shares of XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a report on Monday, July 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

XPO Price Performance

Shares of NYSE XPO traded down $1.10 during midday trading on Monday, reaching $119.12. The company's stock had a trading volume of 110,578 shares, compared to its average volume of 1,612,561. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The company has a market cap of $14.03 billion, a price-to-earnings ratio of 41.28, a price-to-earnings-growth ratio of 2.32 and a beta of 1.97. The company has a 50 day moving average price of $125.87 and a 200 day moving average price of $119.54. 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 data on Thursday, July 31st. The transportation company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. XPO had a return on equity of 26.48% and a net margin of 4.32%. The company's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.12 EPS. On average, equities research analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

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.