Wealthfront Advisers LLC Makes New Investment in XPO, Inc. (NYSE:XPO)

Wealthfront Advisers LLC bought a new position in XPO, Inc. (NYSE:XPO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,016 shares of the transportation company’s stock, valued at approximately $1,576,000.

Several other large investors have also bought and sold shares of XPO. Axxcess Wealth Management LLC purchased a new position in XPO in the third quarter worth about $229,000. Crossmark Global Holdings Inc. raised its holdings in shares of XPO by 12.8% during the third quarter. Crossmark Global Holdings Inc. now owns 8,471 shares of the transportation company’s stock valued at $910,000 after purchasing an additional 959 shares during the last quarter. Huntington National Bank raised its holdings in shares of XPO by 5.3% during the third quarter. Huntington National Bank now owns 4,278 shares of the transportation company’s stock valued at $460,000 after purchasing an additional 215 shares during the last quarter. KBC Group NV raised its holdings in shares of XPO by 7.3% during the third quarter. KBC Group NV now owns 3,109 shares of the transportation company’s stock valued at $334,000 after purchasing an additional 211 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of XPO by 3.6% during the third quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock valued at $359,000 after purchasing an additional 116 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Price Performance

Shares of NYSE:XPO opened at $107.19 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a fifty day moving average price of $131.28 and a 200 day moving average price of $129.64. XPO, Inc. has a fifty-two week low of $97.03 and a fifty-two week high of $161.00. The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 33.18, a P/E/G ratio of 1.79 and a beta of 2.13.

XPO (NYSE:XPO) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.21. XPO had a net margin of 4.81% and a return on equity of 30.36%. As a group, sell-side analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on XPO. Oppenheimer boosted their price objective on shares of XPO from $148.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Susquehanna raised shares of XPO from a “neutral” rating to a “positive” rating and boosted their price objective for the company from $155.00 to $180.00 in a report on Friday, February 7th. Wells Fargo & Company decreased their price objective on shares of XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. UBS Group boosted their price objective on shares of XPO from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Nineteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, XPO presently has a consensus rating of “Buy” and an average target price of $158.47.

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.