Kingsview Wealth Management LLC Has $455,000 Position in XPO, Inc. (NYSE:XPO)

Kingsview Wealth Management LLC lowered its stake in shares of XPO, Inc. (NYSE:XPOFree Report) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,095 shares of the transportation company’s stock after selling 270 shares during the period. Kingsview Wealth Management LLC’s holdings in XPO were worth $455,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Flputnam Investment Management Co. lifted its stake in XPO by 1.9% during the third quarter. Flputnam Investment Management Co. now owns 7,773 shares of the transportation company’s stock worth $580,000 after purchasing an additional 145 shares during the last quarter. US Bancorp DE grew its holdings in shares of XPO by 1.2% during the 2nd quarter. US Bancorp DE now owns 13,743 shares of the transportation company’s stock worth $811,000 after acquiring an additional 159 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of XPO by 1.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 14,006 shares of the transportation company’s stock worth $1,046,000 after purchasing an additional 160 shares in the last quarter. M&T Bank Corp boosted its position in shares of XPO by 3.1% in the 3rd quarter. M&T Bank Corp now owns 5,469 shares of the transportation company’s stock worth $408,000 after purchasing an additional 165 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of XPO by 20.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,000 shares of the transportation company’s stock worth $75,000 after purchasing an additional 170 shares in the last quarter. 89.67% of the stock is owned by institutional investors and hedge funds.

XPO Stock Performance

Shares of XPO stock opened at $98.08 on Wednesday. XPO, Inc. has a one year low of $29.02 and a one year high of $98.89. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day moving average price of $86.33 and a 200 day moving average price of $78.88. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of 316.39, a price-to-earnings-growth ratio of 2.39 and a beta of 2.10.

Analysts Set New Price Targets

Several research firms recently issued reports on XPO. Oppenheimer upped their price objective on XPO from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. JPMorgan Chase & Co. increased their price target on shares of XPO from $88.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, December 21st. Benchmark raised their price objective on shares of XPO from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. StockNews.com lowered XPO from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. Finally, Morgan Stanley boosted their price target on XPO from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.86.

Check Out Our Latest Report on XPO

About XPO

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for XPO (NYSE:XPO)

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