Whalen Wealth Management Inc. Boosts Position in XPO, Inc. (NYSE:XPO)

Whalen Wealth Management Inc. boosted its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 90.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Capital Research Global Investors raised its position in XPO by 18.5% during the 4th quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock worth $1,789,171,000 after buying an additional 2,125,686 shares during the last quarter. Vanguard Group Inc. raised its position in XPO by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company's stock worth $1,447,231,000 after buying an additional 79,393 shares during the last quarter. Capital World Investors raised its position in XPO by 26.1% during the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock worth $1,016,923,000 after buying an additional 1,605,001 shares during the last quarter. FMR LLC grew its stake in shares of XPO by 3.6% during the 4th quarter. FMR LLC now owns 2,606,265 shares of the transportation company's stock worth $341,812,000 after purchasing an additional 91,252 shares during the period. Finally, Invesco Ltd. grew its stake in shares of XPO by 29.6% during the 4th quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company's stock worth $244,369,000 after purchasing an additional 425,678 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Trading Down 0.5%

Shares of XPO opened at $119.97 on Monday. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $161.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.03. The firm's fifty day moving average is $113.00 and its two-hundred day moving average is $122.51. The stock has a market cap of $14.13 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 2.25 and a beta of 1.92.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results 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 company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the previous year, the company posted $0.81 EPS. The firm's quarterly revenue was down 3.2% on a year-over-year basis. Research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO declared that its board has approved a stock repurchase program on Thursday, March 27th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to buy up to 5.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

XPO has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a "buy" rating and set a $140.00 price objective (up previously from $135.00) on shares of XPO in a research note on Tuesday, June 10th. Evercore ISI raised their price objective on shares of XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Bank of America raised their price objective on shares of XPO from $119.00 to $139.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Stifel Nicolaus dropped their price objective on shares of XPO from $147.00 to $142.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Wells Fargo & Company dropped their price objective on shares of XPO from $130.00 to $116.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Nineteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO presently has a consensus rating of "Buy" and an average target price of $135.26.

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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