XPO, Inc. $XPO Stock Position Lifted by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions Inc. increased its stake in XPO, Inc. by 140.2% during the second quarter, owning a total of 12,256 shares valued at approximately $1.5 million.
• Institutional investors and hedge funds now hold 97.73% of XPO's stock, with several firms significantly raising their positions in the first quarter.
• XPO's stock is currently rated as a "Moderate Buy" by analysts, who have an average target price of $143.00, reflecting positive sentiment towards the company's future performance.

Envestnet Portfolio Solutions Inc. lifted its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 140.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,256 shares of the transportation company's stock after purchasing an additional 7,153 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in XPO were worth $1,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. T. Rowe Price Investment Management Inc. raised its position in shares of XPO by 17.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company's stock worth $223,052,000 after purchasing an additional 306,928 shares during the period. Durable Capital Partners LP raised its position in shares of XPO by 246.4% during the 1st quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company's stock worth $215,730,000 after purchasing an additional 1,426,394 shares during the period. Findlay Park Partners LLP raised its position in shares of XPO by 11.6% during the 1st quarter. Findlay Park Partners LLP now owns 1,572,500 shares of the transportation company's stock worth $169,170,000 after purchasing an additional 163,300 shares during the period. Raymond James Financial Inc. raised its position in shares of XPO by 9.4% during the 1st quarter. Raymond James Financial Inc. now owns 760,086 shares of the transportation company's stock worth $81,770,000 after purchasing an additional 65,023 shares during the period. Finally, BNP Paribas Financial Markets increased its position in XPO by 854.2% in the 1st quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company's stock valued at $59,335,000 after acquiring an additional 493,736 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Performance

XPO opened at $129.74 on Friday. The firm has a market cap of $15.28 billion, a PE ratio of 44.89, a P/E/G ratio of 2.63 and a beta of 1.95. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. The business has a fifty day simple moving average of $130.35 and a 200-day simple moving average of $121.70. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%.The business had revenue of ($2,243.00) million during the quarter. As a group, equities analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Bank of America raised their target price on XPO from $139.00 to $150.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Weiss Ratings restated a "hold (c)" rating on shares of XPO in a research report on Wednesday, October 8th. Morgan Stanley lowered their target price on XPO from $84.00 to $83.00 and set an "underweight" rating on the stock in a research report on Monday, October 6th. UBS Group raised their target price on XPO from $150.00 to $162.00 and gave the company a "buy" rating in a research report on Friday, October 3rd. Finally, Benchmark restated a "buy" rating and issued a $140.00 target price on shares of XPO in a research report on Wednesday, October 1st. Nineteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, XPO currently has a consensus rating of "Moderate Buy" and an average target price of $143.00.

Insider Activity

In other XPO news, Director Allison Landry sold 3,250 shares of the firm's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $135.04, for a total transaction of $438,880.00. Following the transaction, the director directly owned 5,875 shares in the company, valued at $793,360. This trade represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.90% of the company's stock.

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.

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