Whalen Wealth Management Inc. Raises Stake in XPO, Inc. (NYSE:XPO)

Whalen Wealth Management Inc. lifted its position in shares of XPO, Inc. (NYSE:XPO - Free Report) by 90.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,541 shares of the transportation company's stock after buying an additional 2,637 shares during the quarter. Whalen Wealth Management Inc.'s holdings in XPO were worth $596,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Principal Securities Inc. lifted its position in shares of XPO by 9.8% in the fourth quarter. Principal Securities Inc. now owns 2,701 shares of the transportation company's stock valued at $354,000 after acquiring an additional 240 shares in the last quarter. CIBC Asset Management Inc raised its stake in XPO by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 3,524 shares of the transportation company's stock valued at $462,000 after purchasing an additional 181 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in XPO by 40.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 4,632 shares of the transportation company's stock worth $607,000 after purchasing an additional 1,328 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in XPO by 6.3% in the 4th quarter. Handelsbanken Fonder AB now owns 32,200 shares of the transportation company's stock worth $4,223,000 after purchasing an additional 1,900 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of XPO during the fourth quarter valued at approximately $2,102,000. Institutional investors own 97.73% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XPO. Oppenheimer cut their target price on shares of XPO from $142.00 to $126.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Stephens restated an "overweight" rating and set a $131.00 price objective on shares of XPO in a research report on Thursday, June 5th. UBS Group boosted their target price on XPO from $108.00 to $123.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Stifel Nicolaus dropped their price target on XPO from $147.00 to $142.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Vertical Research raised XPO from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a research note on Thursday, March 6th. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, XPO presently has a consensus rating of "Buy" and a consensus price target of $135.26.

XPO Trading Up 0.1%

Shares of XPO stock traded up $0.12 during trading on Thursday, hitting $124.15. The stock had a trading volume of 1,288,465 shares, compared to its average volume of 1,624,753. XPO, Inc. has a 12 month low of $85.06 and a 12 month 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. The firm's fifty day simple moving average is $115.30 and its 200-day simple moving average is $122.16. The stock has a market cap of $14.63 billion, a PE ratio of 38.20, a PEG ratio of 2.33 and a beta of 1.92.

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

XPO declared that its board has initiated a share buyback plan on Thursday, March 27th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to buy up to 5.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

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.