Halbert Hargrove Global Advisors LLC Purchases New Stake in XPO, Inc. (NYSE:XPO)

Halbert Hargrove Global Advisors LLC purchased a new stake in XPO, Inc. (NYSE:XPO) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 317 shares of the transportation company’s stock, valued at approximately $42,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stifel Financial Corp raised its stake in XPO by 159.1% in the third quarter. Stifel Financial Corp now owns 70,407 shares of the transportation company’s stock valued at $7,569,000 after purchasing an additional 43,237 shares in the last quarter. Neo Ivy Capital Management acquired a new position in XPO during the third quarter worth about $534,000. Exchange Traded Concepts LLC acquired a new position in XPO during the fourth quarter worth about $423,000. PCJ Investment Counsel Ltd. raised its stake in XPO by 36.2% during the third quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock worth $4,344,000 after acquiring an additional 10,740 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in XPO by 36.2% during the third quarter. JPMorgan Chase & Co. now owns 698,831 shares of the transportation company’s stock worth $75,131,000 after acquiring an additional 185,686 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on XPO shares. Jefferies Financial Group boosted their target price on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Benchmark boosted their target price on XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Stifel Nicolaus raised XPO from a “hold” rating to a “buy” rating and set a $147.00 target price for the company in a research note on Monday, February 24th. Citigroup boosted their target price on XPO from $155.00 to $179.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. upped their price objective on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Sixteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, XPO currently has a consensus rating of “Buy” and a consensus price target of $161.13.

XPO Stock Performance

Shares of XPO stock opened at $122.90 on Friday. The business’s 50 day simple moving average is $135.88 and its 200 day simple moving average is $130.45. XPO, Inc. has a one year low of $97.03 and a one year high of $161.00. The stock has a market capitalization of $14.41 billion, a PE ratio of 38.05, a PEG ratio of 1.79 and a beta of 2.12. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. As a group, research analysts forecast that XPO, Inc. will post 4.15 earnings per share 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.