Commerce Bank Takes Position in XPO, Inc. $XPO

Commerce Bank acquired a new stake in XPO, Inc. (NYSE:XPO) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 2,842 shares of the transportation company’s stock, valued at approximately $583,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Elyxium Wealth LLC acquired a new position in XPO in the 4th quarter valued at about $28,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of XPO during the second quarter worth about $32,000. Torren Management LLC purchased a new position in shares of XPO in the fourth quarter valued at approximately $37,000. Horizon Investments LLC purchased a new position in shares of XPO in the third quarter valued at approximately $39,000. Finally, International Assets Investment Management LLC acquired a new position in shares of XPO in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on XPO. Bank of America upped their target price on shares of XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. BMO Capital Markets raised their price target on shares of XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. boosted their price target on shares of XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Susquehanna boosted their price target on shares of XPO from $212.00 to $214.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Finally, Truist Financial set a $240.00 price objective on XPO in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $225.86.

Insider Buying and Selling

In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the transaction, the chief accounting officer owned 31,005 shares in the company, valued at $6,261,149.70. The trade was a 10.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.87% of the stock is owned by company insiders.

XPO Stock Performance

Shares of XPO stock opened at $191.76 on Friday. XPO, Inc. has a one year low of $121.48 and a one year high of $232.05. The company has a market cap of $22.45 billion, a PE ratio of 56.57, a P/E/G ratio of 1.95 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. The business has a 50-day simple moving average of $204.21 and a 200-day simple moving average of $205.47.

XPO (NYSE:XPO) last released its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 earnings per share. On average, equities research analysts forecast that XPO, Inc. will post 5.44 EPS for the current fiscal year.

About XPO

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.