Maxi Investments CY Ltd Buys Shares of 20,900 XPO, Inc. (NYSE:XPO)

Maxi Investments CY Ltd bought a new stake in shares of XPO, Inc. (NYSE:XPO) during the 1st quarter, Holdings Channel reports. The firm bought 20,900 shares of the transportation company’s stock, valued at approximately $2,248,000.

Other hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its position in shares of XPO by 89.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 113 shares during the period. Parallel Advisors LLC increased its position in shares of XPO by 58.8% during the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company’s stock valued at $52,000 after purchasing an additional 180 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of XPO by 65.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 209 shares during the period. Archer Investment Corp acquired a new position in shares of XPO during the 1st quarter valued at $91,000. Finally, UMB Bank n.a. increased its position in shares of XPO by 97.4% during the 1st quarter. UMB Bank n.a. now owns 1,062 shares of the transportation company’s stock valued at $114,000 after purchasing an additional 524 shares during the period. Institutional investors own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XPO. Susquehanna lifted their price target on XPO from $138.00 to $145.00 and gave the company a “positive” rating in a research report on Wednesday, June 18th. Stephens reiterated an “overweight” rating and set a $131.00 price target on shares of XPO in a research report on Thursday, June 5th. Stifel Nicolaus lowered their price target on XPO from $145.00 to $136.00 and set a “buy” rating on the stock in a research report on Friday. Oppenheimer lifted their target price on XPO from $126.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, July 7th. Finally, Citigroup upgraded XPO from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, XPO has an average rating of “Moderate Buy” and an average price target of $138.00.

XPO Stock Performance

Shares of XPO stock opened at $119.33 on Tuesday. The stock has a market cap of $14.06 billion, a PE ratio of 41.29, a price-to-earnings-growth ratio of 2.33 and a beta of 1.97. The business has a fifty day simple moving average of $125.56 and a 200-day simple moving average of $120.01. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00.

XPO (NYSE:XPO) last issued its earnings results on Thursday, July 31st. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.05 billion. XPO had a return on equity of 26.48% and a net margin of 4.32%. XPO’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.12 earnings per share. On average, sell-side analysts anticipate that XPO, Inc. will post 4.15 EPS for the current fiscal year.

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.