Platform Technology Partners Acquires Shares of 2,161 XPO, Inc. (NYSE:XPO)

Platform Technology Partners bought a new position in shares of XPO, Inc. (NYSE:XPO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,161 shares of the transportation company’s stock, valued at approximately $284,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Choreo LLC lifted its holdings in XPO by 39.0% in the 4th quarter. Choreo LLC now owns 4,978 shares of the transportation company’s stock worth $660,000 after buying an additional 1,396 shares in the last quarter. Sargent Investment Group LLC lifted its stake in shares of XPO by 19.6% in the fourth quarter. Sargent Investment Group LLC now owns 15,042 shares of the transportation company’s stock worth $2,041,000 after acquiring an additional 2,470 shares in the last quarter. Calamos Advisors LLC lifted its stake in shares of XPO by 42.8% in the fourth quarter. Calamos Advisors LLC now owns 11,817 shares of the transportation company’s stock worth $1,550,000 after acquiring an additional 3,543 shares in the last quarter. SkyOak Wealth LLC purchased a new position in XPO in the fourth quarter valued at about $213,000. Finally, Greenleaf Trust grew its stake in XPO by 5.0% during the 4th quarter. Greenleaf Trust now owns 2,374 shares of the transportation company’s stock valued at $311,000 after purchasing an additional 114 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Trading Up 1.0 %

Shares of XPO stock opened at $148.32 on Friday. XPO, Inc. has a 1 year low of $97.03 and a 1 year high of $161.00. The firm has a market capitalization of $17.26 billion, a PE ratio of 45.92, a price-to-earnings-growth ratio of 1.93 and a beta of 2.12. The stock has a fifty day moving average of $141.29 and a two-hundred day moving average of $127.70. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.06 and a current ratio of 1.06.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, topping the consensus estimate 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, research analysts expect that XPO, Inc. will post 4.16 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on XPO. Jefferies Financial Group increased their target price on XPO from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Raymond James reduced their price objective on shares of XPO from $170.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday. Oppenheimer lifted their price target on XPO from $148.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Stifel Nicolaus raised their price objective on XPO from $124.00 to $147.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group boosted their target price on shares of XPO from $150.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.72.

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.