First American Trust FSB Purchases Shares of 1,688 XPO, Inc. $XPO

First American Trust FSB bought a new stake in shares of XPO, Inc. (NYSE:XPO) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,688 shares of the transportation company’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds also recently modified their holdings of XPO. RMG Wealth Management LLC bought a new stake in shares of XPO during the second quarter valued at about $26,000. SouthState Corp acquired a new position in XPO during the 1st quarter valued at about $25,000. FNY Investment Advisers LLC acquired a new position in XPO during the 2nd quarter valued at about $42,000. MassMutual Private Wealth & Trust FSB raised its position in shares of XPO by 46.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock worth $44,000 after buying an additional 111 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of XPO by 58.7% in the 2nd quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock worth $51,000 after acquiring an additional 149 shares during the period. Institutional investors own 97.73% of the company’s stock.

XPO Stock Up 0.7%

XPO stock opened at $128.82 on Wednesday. XPO, Inc. has a 52-week low of $85.06 and a 52-week high of $161.00. The company’s 50 day simple moving average is $132.17 and its 200-day simple moving average is $127.69. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. The firm has a market capitalization of $15.12 billion, a P/E ratio of 44.57, a P/E/G ratio of 2.51 and a beta of 1.99.

XPO (NYSE:XPO) last issued its earnings results on Tuesday, April 11th. The transportation company reported $0.64 EPS for the quarter. The business had revenue of ($2,243.00) million during the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%. As a group, equities research analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

Insider Activity at XPO

In other XPO news, Director Allison Landry sold 3,250 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 5,875 shares in the company, valued at $793,360. This represents a 35.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XPO. Benchmark boosted their target price on XPO from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Truist Financial set a $145.00 price objective on XPO in a research note on Tuesday, October 14th. Wells Fargo & Company upped their price objective on XPO from $144.00 to $147.00 and gave the company an “overweight” rating in a report on Friday, August 1st. UBS Group lifted their target price on XPO from $150.00 to $162.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Finally, Stifel Nicolaus set a $149.00 price target on shares of XPO in a research report on Friday, October 31st. Twenty 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.15.

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.