Proficio Capital Partners LLC Purchases New Position in XPO, Inc. (NYSE:XPO)

Proficio Capital Partners LLC purchased a new stake in XPO, Inc. (NYSE:XPO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 66,887 shares of the transportation company’s stock, valued at approximately $8,772,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. grew its position 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 purchasing an additional 86 shares in the last quarter. Coldstream Capital Management Inc. grew its position in shares of XPO by 5.0% in the third 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 in the last quarter. Greenleaf Trust grew its position in shares of XPO by 5.0% in the fourth 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. CIBC Asset Management Inc grew its position in shares of XPO by 3.6% in 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in shares of XPO by 16.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 839 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Up 1.0 %

XPO stock opened at $107.19 on Friday. XPO, Inc. has a twelve month low of $97.03 and a twelve month high of $161.00. The stock’s fifty day simple moving average is $131.28 and its 200-day simple moving average is $129.72. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $12.57 billion, a P/E ratio of 33.18, a P/E/G ratio of 1.79 and a beta of 2.13.

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 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 analysts expect that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on XPO. Stephens restated an “overweight” rating and issued a $171.00 price target on shares of XPO in a research report on Wednesday, March 5th. JPMorgan Chase & Co. upped their price objective on XPO from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Jefferies Financial Group upped their price objective on XPO from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 10th. Stifel Nicolaus upgraded XPO from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a report on Monday, February 24th. Finally, Susquehanna upgraded XPO from a “neutral” rating to a “positive” rating and upped their price objective for the company from $155.00 to $180.00 in a report on Friday, February 7th. Nineteen analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, XPO currently has a consensus rating of “Buy” and an average price target 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.