Ameritas Advisory Services LLC Purchases New Position in XPO, Inc. (NYSE:XPO)

Ameritas Advisory Services LLC acquired a new position in XPO, Inc. (NYSE:XPO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,514 shares of the transportation company’s stock, valued at approximately $585,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XPO. Mather Group LLC. bought a new position in shares of XPO during the 1st quarter valued at $27,000. Riverview Trust Co bought a new position in XPO during the first quarter valued at about $31,000. Blue Trust Inc. raised its stake in shares of XPO by 25,800.0% in the 2nd quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 258 shares in the last quarter. ORG Partners LLC acquired a new stake in XPO in the 1st quarter worth approximately $36,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in XPO during the first quarter valued at approximately $37,000. Institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on XPO shares. Stifel Nicolaus boosted their target price on shares of XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Stephens reissued an “overweight” rating and set a $150.00 price objective on shares of XPO in a research report on Friday, June 7th. Benchmark reaffirmed a “buy” rating and issued a $140.00 target price on shares of XPO in a report on Friday, August 2nd. Bank of America cut their price target on XPO from $135.00 to $134.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, TD Cowen raised their price objective on shares of XPO from $136.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Two research analysts have rated the stock with a sell rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.18.

XPO Price Performance

XPO traded down $3.64 during midday trading on Friday, reaching $111.46. 687,628 shares of the company’s stock were exchanged, compared to its average volume of 1,455,537. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The business has a 50-day simple moving average of $111.99 and a two-hundred day simple moving average of $114.63. The firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 55.07, a price-to-earnings-growth ratio of 1.88 and a beta of 2.10. XPO, Inc. has a one year low of $65.80 and a one year high of $130.51.

XPO (NYSE:XPO) last posted its earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.01 by $0.11. XPO had a return on equity of 32.49% and a net margin of 4.48%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.07 billion. XPO’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company earned $0.71 EPS. As a group, research analysts predict that XPO, Inc. will post 3.61 EPS for the current year.

XPO 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.