Perennial Investment Advisors LLC Buys 103 Shares of XPO, Inc. (NYSE:XPO)

Perennial Investment Advisors LLC grew its position in shares of XPO, Inc. (NYSE:XPO) by 5.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,983 shares of the transportation company’s stock after purchasing an additional 103 shares during the quarter. Perennial Investment Advisors LLC’s holdings in XPO were worth $210,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of XPO. Norges Bank bought a new stake in XPO in the fourth quarter worth approximately $79,592,000. CenterBook Partners LP bought a new stake in XPO in the fourth quarter valued at $779,000. Janney Montgomery Scott LLC raised its holdings in shares of XPO by 4.1% during the first quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock valued at $5,364,000 after purchasing an additional 1,712 shares during the period. Empirical Capital Management LLC bought a new position in shares of XPO during the 4th quarter worth about $4,380,000. Finally, Boulder Hill Capital Management LP acquired a new stake in shares of XPO in the 4th quarter valued at about $692,000. Institutional investors own 97.73% of the company’s stock.

XPO Price Performance

XPO stock opened at $110.81 on Wednesday. The stock has a market cap of $12.89 billion, a P/E ratio of 54.32, a P/E/G ratio of 1.72 and a beta of 2.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.63. The company’s 50 day moving average price is $112.72 and its two-hundred day moving average price is $113.48. XPO, Inc. has a 52 week low of $65.80 and a 52 week high of $130.51.

XPO (NYSE:XPO) last released its earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.11. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. On average, equities analysts predict that XPO, Inc. will post 3.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on XPO. Bank of America dropped their price target on XPO from $135.00 to $134.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Benchmark reaffirmed a “buy” rating and set a $140.00 target price on shares of XPO in a research report on Friday, August 2nd. Raymond James reduced their price target on shares of XPO from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, June 24th. JPMorgan Chase & Co. decreased their price target on shares of XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Friday, September 6th. Finally, TD Cowen dropped their price objective on shares of XPO from $143.00 to $142.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $129.29.

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.