South Street Advisors LLC Purchases Shares of 1,735 XPO, Inc. (NYSE:XPO)

South Street Advisors LLC purchased a new stake in XPO, Inc. (NYSE:XPO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,735 shares of the transportation company’s stock, valued at approximately $228,000.

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

Insider Transactions at XPO

In other news, COO David J. Bates purchased 1,880 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $106.16 per share, with a total value of $199,580.80. Following the completion of the purchase, the chief operating officer now directly owns 21,106 shares of the company’s stock, valued at approximately $2,240,612.96. The trade was a 9.78 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Oppenheimer raised their price objective on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Truist Financial started coverage on XPO in a report on Thursday, March 13th. They set a “buy” rating and a $130.00 target price on the stock. Benchmark raised their target price on XPO from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Jefferies Financial Group raised their target price on XPO from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. raised their target price on XPO from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Nineteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $158.47.

XPO Stock Performance

Shares of NYSE:XPO opened at $111.23 on Tuesday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50 day moving average price is $130.68 and its 200-day moving average price is $129.78. The firm has a market capitalization of $13.04 billion, a PE ratio of 34.44, a P/E/G ratio of 1.79 and a beta of 2.13. XPO, Inc. has a 1 year low of $97.03 and a 1 year high of $161.00.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities research analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal 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.