Brooklyn Investment Group Takes Position in XPO, Inc. (NYSE:XPO)

Brooklyn Investment Group bought a new stake in shares of XPO, Inc. (NYSE:XPO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 530 shares of the transportation company’s stock, valued at approximately $57,000.

A number of other hedge funds also recently added to or reduced their stakes in XPO. Traynor Capital Management Inc. increased its holdings in XPO by 125.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 24,142 shares of the transportation company’s stock worth $2,596,000 after buying an additional 13,422 shares during the period. PCJ Investment Counsel Ltd. increased its stake in shares of XPO by 36.2% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 40,410 shares of the transportation company’s stock worth $4,344,000 after acquiring an additional 10,740 shares during the last quarter. Whalen Wealth Management Inc. acquired a new stake in shares of XPO in the 3rd quarter worth $706,000. Westwood Holdings Group Inc. increased its position in shares of XPO by 38.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 205,196 shares of the transportation company’s stock worth $21,782,000 after purchasing an additional 57,192 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of XPO by 595.5% during the 2nd quarter. Hsbc Holdings PLC now owns 25,565 shares of the transportation company’s stock worth $2,718,000 after purchasing an additional 21,889 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup raised their target price on XPO from $155.00 to $179.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Stephens restated an “overweight” rating and set a $150.00 target price on shares of XPO in a report on Thursday, September 5th. The Goldman Sachs Group lowered their target price on XPO from $139.00 to $136.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Evercore ISI decreased their price objective on XPO from $129.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Friday, September 6th. Two research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.13.

XPO Price Performance

XPO stock opened at $152.41 on Friday. The business has a 50 day moving average price of $127.72 and a 200 day moving average price of $116.16. The stock has a market cap of $17.74 billion, a price-to-earnings ratio of 49.32, a PEG ratio of 2.26 and a beta of 2.07. XPO, Inc. has a fifty-two week low of $78.72 and a fifty-two week high of $156.85. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04.

XPO (NYSE:XPO) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. Equities research analysts anticipate that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

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.