Calamos Advisors LLC Increases Position in XPO, Inc. (NYSE:XPO)

Calamos Advisors LLC lifted its holdings in shares of XPO, Inc. (NYSE:XPO) by 42.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,817 shares of the transportation company’s stock after acquiring an additional 3,543 shares during the quarter. Calamos Advisors LLC’s holdings in XPO were worth $1,550,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of XPO. Stifel Financial Corp increased its position in shares of XPO by 159.1% during the 3rd quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after purchasing an additional 43,237 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in XPO during the third quarter worth about $534,000. Traynor Capital Management Inc. raised its position in XPO by 125.2% in the third quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after acquiring an additional 13,422 shares during the period. Exchange Traded Concepts LLC purchased a new position in XPO in the fourth quarter valued at about $423,000. Finally, PCJ Investment Counsel Ltd. grew its position in shares of XPO by 36.2% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock valued at $4,344,000 after acquiring an additional 10,740 shares during the period. 97.73% of the stock is currently owned by institutional investors.

XPO Trading Up 2.5 %

Shares of XPO opened at $131.80 on Wednesday. XPO, Inc. has a 1-year low of $92.54 and a 1-year high of $161.00. The company has a market capitalization of $15.34 billion, a P/E ratio of 42.65, a P/E/G ratio of 1.75 and a beta of 2.12. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s 50 day simple moving average is $142.02 and its 200 day simple moving average is $127.37.

Wall Street Analysts Forecast Growth

XPO has been the topic of a number of research reports. Jefferies Financial Group lifted their price target on shares of XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Wells Fargo & Company dropped their price target on XPO from $175.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Oppenheimer lifted their price objective on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. The Goldman Sachs Group upped their price objective on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Benchmark lifted their target price on shares of XPO from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, XPO presently has an average rating of “Moderate Buy” and an average price target of $151.06.

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.