Cynosure Group LLC Has $349,000 Stock Position in XPO, Inc. (NYSE:XPO)

Cynosure Group LLC lessened its stake in XPO, Inc. (NYSE:XPO) by 9.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,250 shares of the transportation company’s stock after selling 339 shares during the quarter. Cynosure Group LLC’s holdings in XPO were worth $349,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in XPO. ORG Wealth Partners LLC acquired a new position in XPO in the 3rd quarter worth $25,000. Blue Trust Inc. grew its holdings in shares of XPO by 25,800.0% during the second quarter. Blue Trust Inc. now owns 259 shares of the transportation company’s stock worth $27,000 after buying an additional 258 shares in the last quarter. Quest Partners LLC acquired a new stake in XPO in the 2nd quarter valued at approximately $28,000. International Assets Investment Management LLC bought a new stake in XPO in the 2nd quarter valued at approximately $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in XPO during the 2nd quarter worth approximately $37,000. Institutional investors own 97.73% of the company’s stock.

Wall Street Analyst Weigh In

XPO has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. cut their price target on shares of XPO from $147.00 to $143.00 and set an “overweight” rating on the stock in a research report on Friday, September 6th. Barclays increased their price objective on shares of XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Oppenheimer reaffirmed an “outperform” rating and issued a $140.00 target price on shares of XPO in a research report on Friday, October 4th. Finally, Susquehanna increased their price target on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. Two analysts have rated the stock with a sell rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, XPO has an average rating of “Moderate Buy” and an average price target of $141.13.

XPO Price Performance

NYSE:XPO opened at $150.22 on Friday. The company has a market cap of $17.49 billion, a P/E ratio of 48.62, a P/E/G ratio of 2.26 and a beta of 2.07. The firm’s fifty day moving average price is $126.93 and its two-hundred day moving average price is $115.86. XPO, Inc. has a one year low of $78.72 and a one year high of $156.85. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06.

XPO (NYSE:XPO) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. XPO had a net margin of 4.57% and a return on equity of 31.16%. XPO’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 EPS. Equities analysts expect that XPO, Inc. will post 3.62 earnings per share for the current year.

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.