Legacy Financial Group LLC Takes Position in XPO, Inc. (NYSE:XPO)

Legacy Financial Group LLC bought a new position in XPO, Inc. (NYSE:XPO) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,983 shares of the transportation company’s stock, valued at approximately $260,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in XPO. UMB Bank n.a. increased its holdings in shares of XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock valued at $71,000 after buying an additional 86 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of XPO by 5.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,239 shares of the transportation company’s stock valued at $245,000 after purchasing an additional 107 shares during the period. CIBC Asset Management Inc increased its stake in XPO by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 3,343 shares of the transportation company’s stock worth $359,000 after purchasing an additional 116 shares in the last quarter. Stephens Inc. AR raised its holdings in XPO by 6.4% during the 3rd quarter. Stephens Inc. AR now owns 2,377 shares of the transportation company’s stock worth $256,000 after buying an additional 142 shares during the period. Finally, PFG Investments LLC lifted its stake in XPO by 4.3% during the third quarter. PFG Investments LLC now owns 3,482 shares of the transportation company’s stock valued at $374,000 after buying an additional 145 shares in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Up 0.0 %

XPO stock opened at $139.01 on Monday. The stock has a market capitalization of $16.18 billion, a price-to-earnings ratio of 44.99, a price-to-earnings-growth ratio of 1.79 and a beta of 2.11. The company has a 50-day moving average of $143.49 and a two-hundred day moving average of $126.18. XPO, Inc. has a 52-week low of $82.78 and a 52-week high of $161.00. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the firm posted $0.88 EPS. The company’s revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts anticipate that XPO, Inc. will post 3.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on XPO. Benchmark boosted their price target on shares of XPO from $150.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Wells Fargo & Company reduced their target price on XPO from $175.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. The Goldman Sachs Group lifted their price target on XPO from $150.00 to $167.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Susquehanna lowered XPO from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $160.00 to $155.00 in a research report on Tuesday, January 7th. Finally, Stephens reiterated an “overweight” rating and issued a $165.00 target price on shares of XPO in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.06.

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.