Thurston Springer Miller Herd & Titak Inc. Buys New Holdings in XPO, Inc. (NYSE:XPO)

Thurston Springer Miller Herd & Titak Inc. bought a new stake in XPO, Inc. (NYSE:XPO) in the second quarter, Holdings Channel.com reports. The institutional investor bought 353 shares of the transportation company’s stock, valued at approximately $37,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cetera Advisors LLC bought a new stake in XPO in the 1st quarter valued at about $235,000. Virtu Financial LLC increased its position in XPO by 144.8% in the 1st quarter. Virtu Financial LLC now owns 14,575 shares of the transportation company’s stock valued at $1,778,000 after buying an additional 8,622 shares in the last quarter. Comerica Bank increased its position in XPO by 10.8% in the 1st quarter. Comerica Bank now owns 54,529 shares of the transportation company’s stock valued at $6,654,000 after buying an additional 5,336 shares in the last quarter. Motley Fool Asset Management LLC bought a new stake in XPO in the 1st quarter valued at about $221,000. Finally, Interval Partners LP increased its position in XPO by 48,850.0% in the 1st quarter. Interval Partners LP now owns 195,000 shares of the transportation company’s stock valued at $23,796,000 after buying an additional 195,400 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on XPO. TD Cowen boosted their price objective on XPO from $136.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Bank of America decreased their price objective on XPO from $135.00 to $134.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Stifel Nicolaus boosted their target price on XPO from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday. Susquehanna cut their target price on XPO from $160.00 to $145.00 and set a “positive” rating on the stock in a research note on Wednesday, June 12th. Finally, Raymond James cut their target price on XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, June 24th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.95.

XPO Stock Performance

Shares of NYSE:XPO traded up $3.96 during trading on Tuesday, hitting $111.08. 1,402,171 shares of the company were exchanged, compared to its average volume of 1,498,730. The company has a market cap of $12.92 billion, a PE ratio of 54.72, a P/E/G ratio of 1.76 and a beta of 2.10. The stock has a 50 day moving average of $107.74 and a 200 day moving average of $111.93. XPO, Inc. has a 52-week low of $65.80 and a 52-week high of $130.51. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.00 and a quick ratio of 0.94.

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

Insider Transactions at XPO

In other news, Director Allison Landry sold 1,875 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total value of $195,975.00. Following the transaction, the director now owns 6,965 shares of the company’s stock, valued at $727,981.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total value of $141,225,000.00. Following the transaction, the insider now owns 11,425,369 shares of the company’s stock, valued at $1,290,838,189.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Allison Landry sold 1,875 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total value of $195,975.00. Following the completion of the transaction, the director now directly owns 6,965 shares in the company, valued at approximately $727,981.80. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

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.