Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Invests $542,000 in XPO, Inc. $XPO

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of XPO, Inc. (NYSE:XPO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,320 shares of the transportation company’s stock, valued at approximately $542,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bayforest Capital Ltd lifted its position in XPO by 72.8% during the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after buying an additional 83 shares in the last quarter. RMG Wealth Management LLC acquired a new stake in shares of XPO in the second quarter valued at about $26,000. FNY Investment Advisers LLC acquired a new stake in shares of XPO in the second quarter valued at about $42,000. EverSource Wealth Advisors LLC raised its holdings in XPO by 35.8% during the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after acquiring an additional 88 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in XPO by 46.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 111 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on XPO shares. Raymond James Financial boosted their price target on XPO from $132.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Stephens reissued an “overweight” rating and issued a $170.00 price objective on shares of XPO in a report on Tuesday, January 6th. Stifel Nicolaus boosted their target price on shares of XPO from $149.00 to $167.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Barclays increased their price target on shares of XPO from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Finally, Rothschild & Co Redburn initiated coverage on shares of XPO in a research report on Wednesday, November 26th. They issued a “buy” rating and a $156.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $152.29.

XPO Stock Performance

XPO stock opened at $146.17 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.77. The stock has a market cap of $17.16 billion, a PE ratio of 52.58, a P/E/G ratio of 2.40 and a beta of 2.02. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $155.08. The business’s 50-day moving average price is $140.14 and its two-hundred day moving average price is $133.63.

XPO (NYSE:XPO) last posted its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. The company had revenue of ($2,243.00) million for the quarter. XPO had a net margin of 4.13% and a return on equity of 26.14%. As a group, analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.