RMG Wealth Management LLC Purchases New Holdings in XPO, Inc. $XPO

RMG Wealth Management LLC purchased a new stake in XPO, Inc. (NYSE:XPO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 200 shares of the transportation company’s stock, valued at approximately $26,000.

Other hedge funds have also made changes to their positions in the company. Sowell Financial Services LLC purchased a new stake in shares of XPO in the 1st quarter valued at approximately $247,000. Allspring Global Investments Holdings LLC lifted its position in shares of XPO by 14.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,632 shares of the transportation company’s stock valued at $2,689,000 after acquiring an additional 3,057 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of XPO by 50.9% in the 1st quarter. Teacher Retirement System of Texas now owns 21,454 shares of the transportation company’s stock valued at $2,308,000 after acquiring an additional 7,237 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of XPO by 88.0% in the 1st quarter. Vontobel Holding Ltd. now owns 3,719 shares of the transportation company’s stock valued at $400,000 after acquiring an additional 1,741 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in XPO by 57.0% in the 1st quarter. GAMMA Investing LLC now owns 1,782 shares of the transportation company’s stock valued at $192,000 after buying an additional 647 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Insider Transactions at XPO

In related news, Director Allison Landry sold 3,250 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total value of $438,880.00. Following the transaction, the director directly owned 5,875 shares in the company, valued at approximately $793,360. This trade represents a 35.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.00% of the company’s stock.

XPO Stock Performance

Shares of XPO opened at $132.19 on Wednesday. The company’s fifty day moving average is $128.79 and its 200-day moving average is $120.60. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 45.74, a price-to-earnings-growth ratio of 2.67 and a beta of 1.95. 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 (NYSE:XPO) last announced its quarterly 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. XPO had a net margin of 4.32% and a return on equity of 26.48%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the business posted $1.12 EPS. XPO’s quarterly revenue was up .0% on a year-over-year basis. Equities analysts expect that XPO, Inc. will post 4.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $140.00 price objective (up previously from $135.00) on shares of XPO in a research note on Tuesday, June 10th. UBS Group upped their price objective on shares of XPO from $150.00 to $162.00 and gave the company a “buy” rating in a research note on Friday. Citigroup reiterated a “buy” rating on shares of XPO in a research note on Wednesday, September 10th. Bank of America upped their price objective on shares of XPO from $139.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of XPO in a research note on Saturday, September 27th. Nineteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.80.

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.