11,471 Shares in XPO, Inc. $XPO Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC purchased 11,471 XPO shares worth approximately $2.36 million during the second quarter. Institutional investors collectively own 97.73% of the company, with several other funds also initiating or increasing positions.
• XPO reported quarterly earnings of $1.70 per share, exceeding estimates of $1.48, while revenue reached $2.35 billion and increased 13.2% year over year.
• Analysts maintain a Moderate Buy consensus, with an average price target of $225.86 versus the stock’s reported price of $186.30; however, XPO’s chief accounting officer sold 3,750 shares in August.

Empowered Funds LLC bought a new stake in shares of XPO, Inc. (NYSE:XPO - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,471 shares of the transportation company's stock, valued at approximately $2,355,000.

A number of other hedge funds have also recently made changes to their positions in XPO. Renaissance Technologies LLC grew its stake in shares of XPO by 73.3% in the first quarter. Renaissance Technologies LLC now owns 178,720 shares of the transportation company's stock worth $34,770,000 after acquiring an additional 75,600 shares during the last quarter. Border to Coast Pensions Partnership Ltd purchased a new position in shares of XPO in the 1st quarter worth about $36,048,000. K.J. Harrison & Partners Inc purchased a new position in shares of XPO in the 2nd quarter worth about $4,927,000. MFN Partners Management LP bought a new position in XPO in the 2nd quarter worth about $2,026,148,865. Finally, BlackRock Inc. bought a new position in XPO in the 2nd quarter worth about $2,985,276,000. 97.73% of the stock is owned by institutional investors.

XPO Price Performance

NYSE XPO opened at $186.30 on Thursday. XPO, Inc. has a one year low of $121.48 and a one year high of $232.05. The stock has a 50-day moving average of $203.36 and a 200 day moving average of $205.16. The company has a market capitalization of $21.81 billion, a price-to-earnings ratio of 54.96, a PEG ratio of 1.88 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01.

XPO (NYSE:XPO - Get Free Report) last issued its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.48 by $0.22. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.XPO's revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 EPS. On average, sell-side analysts forecast that XPO, Inc. will post 5.44 EPS for the current year.

Insider Activity at XPO

In other news, CAO Christopher Michael Brown sold 3,750 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the transaction, the chief accounting officer directly owned 31,005 shares of the company's stock, valued at $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citizens Jmp started coverage on shares of XPO in a research note on Wednesday, July 15th. They set a "market perform" rating for the company. Raymond James Financial dropped their target price on shares of XPO from $233.00 to $225.00 and set an "outperform" rating on the stock in a research note on Monday, July 13th. UBS Group increased their price target on shares of XPO from $236.00 to $257.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Susquehanna raised their price target on shares of XPO from $212.00 to $214.00 and gave the company a "neutral" rating in a research report on Tuesday, July 14th. Finally, Zacks Research upgraded shares of XPO from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $225.86.

XPO Profile

XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company's operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.

In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.

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