Dakota Wealth Management Purchases New Stake in XPO, Inc. (NYSE:XPO)

Dakota Wealth Management acquired a new position in shares of XPO, Inc. (NYSE:XPO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,517 shares of the transportation company's stock, valued at approximately $1,405,000.

A number of other large investors also recently added to or reduced their stakes in XPO. Vanguard Group Inc. increased its stake in shares of XPO by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 10,923,106 shares of the transportation company's stock valued at $956,755,000 after acquiring an additional 128,214 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of XPO by 49.9% in the 4th quarter. Capital Research Global Investors now owns 9,290,937 shares of the transportation company's stock valued at $813,824,000 after buying an additional 3,094,390 shares during the period. Capital World Investors increased its position in shares of XPO by 13.1% in the 4th quarter. Capital World Investors now owns 4,349,181 shares of the transportation company's stock valued at $380,945,000 after buying an additional 503,388 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in XPO by 44.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,515,529 shares of the transportation company's stock worth $132,745,000 after buying an additional 463,267 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in XPO by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,468,051 shares of the transportation company's stock worth $128,603,000 after acquiring an additional 67,797 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Performance

Shares of XPO stock traded down $3.49 during midday trading on Tuesday, hitting $107.03. 1,408,466 shares of the company were exchanged, compared to its average volume of 1,429,169. The firm has a market capitalization of $12.45 billion, a P/E ratio of 52.47, a PEG ratio of 2.54 and a beta of 2.17. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.94 and a current ratio of 0.94. XPO, Inc. has a 52 week low of $45.24 and a 52 week high of $130.51. The firm's 50 day moving average price is $118.22 and its two-hundred day moving average price is $103.54.

XPO (NYSE:XPO - Get Free Report) last posted its earnings results on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.68 by $0.13. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.01 billion. XPO had a return on equity of 30.77% and a net margin of 3.08%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 earnings per share. As a group, equities research analysts anticipate that XPO, Inc. will post 3.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on XPO shares. TD Cowen lifted their price objective on XPO from $136.00 to $138.00 and gave the company a "buy" rating in a report on Monday, May 6th. Stephens restated an "overweight" rating and set a $150.00 price objective on shares of XPO in a report on Monday, May 6th. Susquehanna upped their target price on shares of XPO from $100.00 to $140.00 and gave the stock a "positive" rating in a research note on Thursday, February 8th. Morgan Stanley downgraded XPO from an "equal weight" rating to an "underweight" rating and lifted their price target for the company from $75.00 to $80.00 in a research note on Monday, February 12th. Finally, Citigroup upped their price objective on XPO from $100.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, XPO has a consensus rating of "Moderate Buy" and an average price target of $114.95.

Insider Buying and Selling

In other news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of XPO stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $112.98, for a total value of $141,225,000.00. Following the completion of the sale, the insider now directly owns 11,425,369 shares in the company, valued at $1,290,838,189.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.

About XPO

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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