Tritonpoint Wealth LLC Acquires New Position in XPO, Inc. (NYSE:XPO)

Tritonpoint Wealth LLC purchased a new stake in XPO, Inc. (NYSE:XPO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 145,954 shares of the transportation company's stock, valued at approximately $12,784,000. XPO makes up approximately 1.2% of Tritonpoint Wealth LLC's portfolio, making the stock its 17th largest position. Tritonpoint Wealth LLC owned 0.13% of XPO at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in XPO by 0.5% in the third quarter. Vanguard Group Inc. now owns 10,794,892 shares of the transportation company's stock valued at $805,947,000 after acquiring an additional 54,528 shares in the last quarter. BlackRock Inc. raised its holdings in shares of XPO by 9.9% during the first quarter. BlackRock Inc. now owns 10,049,511 shares of the transportation company's stock worth $731,604,000 after purchasing an additional 906,295 shares during the period. MFN Partners Management LP raised its holdings in shares of XPO by 68.4% during the first quarter. MFN Partners Management LP now owns 7,200,369 shares of the transportation company's stock worth $524,187,000 after purchasing an additional 2,925,000 shares during the period. Alliancebernstein L.P. raised its holdings in shares of XPO by 22.8% during the fourth quarter. Alliancebernstein L.P. now owns 3,706,775 shares of the transportation company's stock worth $123,399,000 after purchasing an additional 687,859 shares during the period. Finally, State Street Corp raised its holdings in shares of XPO by 7.8% during the third quarter. State Street Corp now owns 3,127,854 shares of the transportation company's stock worth $139,252,000 after purchasing an additional 226,517 shares during the period. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Price Performance

Shares of NYSE XPO traded up $5.79 during midday trading on Friday, reaching $128.16. The company's stock had a trading volume of 1,290,977 shares, compared to its average volume of 978,207. XPO, Inc. has a one year low of $29.95 and a one year high of $129.43. The company has a 50 day moving average price of $117.42 and a 200 day moving average price of $93.98. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. The company has a market cap of $14.91 billion, a price-to-earnings ratio of 79.60, a price-to-earnings-growth ratio of 3.10 and a beta of 2.19.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The transportation company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.15. XPO had a net margin of 2.44% and a return on equity of 29.85%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the business posted $0.98 EPS. The company's revenue was up 6.0% on a year-over-year basis. On average, equities research analysts expect that XPO, Inc. will post 3.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of XPO from $97.00 to $122.00 and gave the stock an "overweight" rating in a report on Thursday, February 8th. Citigroup increased their price objective on shares of XPO from $100.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, February 8th. Stifel Nicolaus increased their target price on shares of XPO from $77.00 to $87.00 and gave the company a "hold" rating in a research report on Wednesday, January 10th. BMO Capital Markets increased their target price on shares of XPO from $100.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, February 8th. Finally, The Goldman Sachs Group increased their target price on shares of XPO from $98.00 to $126.00 and gave the company a "buy" rating in a research report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $105.80.

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.