Oliver Luxxe Assets LLC Increases Stock Holdings in XPO, Inc. (NYSE:XPO)

Oliver Luxxe Assets LLC raised its stake in XPO, Inc. (NYSE:XPO) by 1.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 19,493 shares of the transportation company’s stock after purchasing an additional 234 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in XPO were worth $2,096,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Gilman Hill Asset Management LLC lifted its position in XPO by 0.7% in the third quarter. Gilman Hill Asset Management LLC now owns 36,237 shares of the transportation company’s stock valued at $3,896,000 after buying an additional 255 shares during the last quarter. Gateway Investment Advisers LLC lifted its position in XPO by 181.4% in the third quarter. Gateway Investment Advisers LLC now owns 31,528 shares of the transportation company’s stock valued at $3,390,000 after buying an additional 20,326 shares during the last quarter. UMB Bank n.a. lifted its position in XPO by 356.6% in the third quarter. UMB Bank n.a. now owns 452 shares of the transportation company’s stock valued at $49,000 after buying an additional 353 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in XPO in the third quarter valued at about $78,000. Finally, City Holding Co. lifted its position in XPO by 6.1% in the third quarter. City Holding Co. now owns 5,595 shares of the transportation company’s stock valued at $601,000 after buying an additional 321 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

XPO Stock Up 3.8 %

XPO stock opened at $115.54 on Monday. The firm has a market capitalization of $13.45 billion, a price-to-earnings ratio of 38.39, a PEG ratio of 1.81 and a beta of 2.10. XPO, Inc. has a fifty-two week low of $65.80 and a fifty-two week high of $130.51. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.00 and a current ratio of 1.00. The company’s 50 day moving average price is $112.29 and its 200 day moving average price is $111.81.

XPO (NYSE:XPO) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.01 by $0.11. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.07 billion. XPO had a net margin of 4.48% and a return on equity of 32.49%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 earnings per share. On average, equities research analysts anticipate that XPO, Inc. will post 3.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Citigroup assumed coverage on shares of XPO in a research report on Wednesday, October 9th. They issued a “buy” rating and a $127.00 target price on the stock. Benchmark reissued a “buy” rating and set a $140.00 price target on shares of XPO in a research report on Thursday, September 19th. JPMorgan Chase & Co. reduced their price target on shares of XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research report on Friday, September 6th. Stifel Nicolaus increased their price target 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. Finally, Raymond James reduced their price target on shares of XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.35.

XPO Company 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.