Wealthfront Advisers LLC Takes Position in XPO, Inc. (NYSE:XPO)

Wealthfront Advisers LLC acquired a new stake in shares of XPO, Inc. (NYSE:XPO) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 12,016 shares of the transportation company’s stock, valued at approximately $1,576,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in XPO. Versant Capital Management Inc purchased a new stake in shares of XPO during the 4th quarter valued at $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in XPO in the 4th quarter worth $42,000. Cullen Frost Bankers Inc. raised its position in XPO by 69.1% in the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after purchasing an additional 130 shares during the period. Larson Financial Group LLC raised its position in XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock worth $49,000 after purchasing an additional 76 shares during the period. Finally, Brooklyn Investment Group purchased a new position in XPO in the 3rd quarter worth $57,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Trading Up 1.0 %

NYSE:XPO opened at $107.19 on Friday. XPO, Inc. has a one year low of $97.03 and a one year high of $161.00. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50-day simple moving average is $131.28 and its 200 day simple moving average is $129.64. The firm has a market capitalization of $12.57 billion, a P/E ratio of 33.18, a PEG ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. As a group, analysts forecast that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on XPO shares. The Goldman Sachs Group lifted their target price on shares of XPO from $150.00 to $167.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Vertical Research upgraded shares of XPO from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Thursday, March 6th. Truist Financial started coverage on shares of XPO in a report on Thursday. They issued a “buy” rating and a $130.00 price target on the stock. Barclays cut their price target on shares of XPO from $165.00 to $150.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Finally, Wells Fargo & Company cut their price target on shares of XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Nineteen research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $158.47.

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.