Securian Asset Management Inc. Purchases 100 Shares of XPO, Inc. $XPO

Securian Asset Management Inc. boosted its position in XPO, Inc. (NYSE:XPO) by 1.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,004 shares of the transportation company’s stock after buying an additional 100 shares during the period. Securian Asset Management Inc.’s holdings in XPO were worth $1,137,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. RMG Wealth Management LLC acquired a new position in XPO during the 2nd quarter valued at about $26,000. SouthState Corp acquired a new position in XPO during the 1st quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB boosted its stake in XPO by 46.3% during the 2nd 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. Farther Finance Advisors LLC boosted its stake in XPO by 63.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 426 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 165 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in 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 last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Buying and Selling

In related news, Director Allison Landry sold 3,250 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the transaction, the director owned 5,875 shares in the company, valued at approximately $793,360. This represents a 35.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.90% of the company’s stock.

XPO Price Performance

Shares of NYSE XPO opened at $125.22 on Friday. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The stock’s 50 day moving average price is $130.78 and its 200-day moving average price is $122.64. The company has a market capitalization of $14.75 billion, a PE ratio of 43.33, a PEG ratio of 2.63 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 earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%.The firm had revenue of ($2,243.00) million for the quarter. On average, equities analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on XPO shares. Truist Financial set a $145.00 price target on XPO in a research note on Tuesday, October 14th. Wall Street Zen upgraded XPO from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Barclays lifted their price target on XPO from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Benchmark reiterated a “buy” rating and set a $140.00 price target on shares of XPO in a research note on Wednesday, October 1st. Finally, Evercore ISI lifted their price target on XPO from $134.00 to $141.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Nineteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $143.00.

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.