Greenstone Partners & Co. LLC Buys New Position in XPO, Inc. $XPO

Key Points

• Greenstone Partners & Co. LLC acquired 170,009 shares of XPO, Inc., valued at approximately $18.29 million, making it the firm’s 9th largest position.
• XPO reported $1.05 earnings per share for its latest quarterly earnings, surpassing analysts' expectations of $0.99.
• Wall Street analysts have issued a consensus rating of "Moderate Buy" for XPO, with a target price averaging $138.00.

Greenstone Partners & Co. LLC acquired a new stake in XPO, Inc. (NYSE:XPO - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 170,009 shares of the transportation company's stock, valued at approximately $18,290,000. XPO makes up approximately 4.9% of Greenstone Partners & Co. LLC's investment portfolio, making the stock its 9th largest position. Greenstone Partners & Co. LLC owned approximately 0.14% of XPO as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SouthState Corp acquired a new stake in shares of XPO during the 1st quarter worth about $25,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after acquiring an additional 113 shares during the last quarter. Parallel Advisors LLC boosted its position in XPO by 58.8% during the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock worth $52,000 after acquiring an additional 180 shares during the period. Cullen Frost Bankers Inc. lifted its stake in XPO by 65.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock worth $57,000 after acquiring an additional 209 shares in the last quarter. Finally, Archer Investment Corp acquired a new stake in XPO in the 1st quarter valued at approximately $91,000. Institutional investors own 97.73% of the company's stock.

XPO Price Performance

Shares of NYSE XPO traded down $3.98 during midday trading on Wednesday, hitting $132.34. The company had a trading volume of 512,686 shares, compared to its average volume of 1,585,193. The business has a 50-day simple moving average of $128.43 and a two-hundred day simple moving average of $118.97. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $15.58 billion, a price-to-earnings ratio of 45.73, a price-to-earnings-growth ratio of 2.60 and a beta of 1.97. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The transportation company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.06. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. XPO had a net margin of 4.32% and a return on equity of 26.48%. The firm's revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 EPS. Equities research analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Morgan Stanley reduced their price target on XPO from $85.00 to $84.00 and set an "underweight" rating for the company in a research report on Friday, August 1st. Stifel Nicolaus dropped their target price on XPO from $145.00 to $136.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Wells Fargo & Company increased their target price on XPO from $144.00 to $147.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Bank of America boosted their price objective on shares of XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Wall Street Zen upgraded shares of XPO from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Nineteen research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $138.00.

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.