24,078 Shares in XPO, Inc. $XPO Acquired by X Square Capital LLC

Key Points

• X Square Capital LLC acquired 24,078 XPO shares worth approximately $4.94 million in the second quarter, making XPO its 20th-largest holding. Institutional investors collectively own 97.73% of the company.
• Analysts remain broadly positive, with XPO receiving a “Moderate Buy” consensus rating and an average price target of $225.86; 20 of 25 analysts rate the stock Buy or Strong Buy.
• XPO exceeded quarterly expectations, reporting $1.70 in earnings per share versus the $1.48 estimate and $2.35 billion in revenue. Revenue increased 13.2% year over year, although insiders sold 7,400 shares worth about $1.53 million over the past 90 days.

X Square Capital LLC bought a new position in shares of XPO, Inc. (NYSE:XPO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,078 shares of the transportation company's stock, valued at approximately $4,943,000. XPO makes up about 1.3% of X Square Capital LLC's holdings, making the stock its 20th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in XPO. Elyxium Wealth LLC acquired a new stake in shares of XPO during the 4th quarter valued at $28,000. Keating Financial Advisory Services Inc. acquired a new position in shares of XPO in the 2nd quarter worth $32,000. Torren Management LLC acquired a new position in shares of XPO in the 4th quarter worth $37,000. Horizon Investments LLC acquired a new stake in shares of XPO during the third quarter worth $39,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of XPO during the fourth quarter worth $41,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on XPO shares. Susquehanna upped their target price on XPO from $212.00 to $214.00 and gave the company a "neutral" rating in a report on Tuesday, July 14th. UBS Group boosted their price objective on XPO from $236.00 to $257.00 and gave the stock a "buy" rating in a report on Tuesday, July 7th. BMO Capital Markets upped their price objective on shares of XPO from $240.00 to $245.00 and gave the company an "outperform" rating in a research note on Thursday, June 4th. Bank of America raised their target price on shares of XPO from $244.00 to $246.00 and gave the stock a "buy" rating in a report on Thursday, June 4th. Finally, Stifel Nicolaus lifted their target price on shares of XPO from $237.00 to $241.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, XPO has an average rating of "Moderate Buy" and an average target price of $225.86.

XPO Price Performance

XPO opened at $198.74 on Friday. The firm has a market capitalization of $23.27 billion, a P/E ratio of 58.63, a PEG ratio of 2.01 and a beta of 1.85. The stock has a fifty day moving average of $205.54 and a 200-day moving average of $204.95. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. XPO, Inc. has a 12-month low of $121.48 and a 12-month high of $232.05.

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

Insider Transactions at XPO

In other news, Director Allison Landry sold 2,400 shares of the company's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the transaction, the director owned 4,849 shares in the company, valued at $1,045,492.89. This represents a 33.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Christopher Michael Brown sold 3,750 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the sale, the chief accounting officer directly owned 31,005 shares of the company's stock, valued at $6,261,149.70. This trade represents a 10.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,400 shares of company stock valued at $1,526,502 over the last 90 days. Corporate insiders own 0.87% of the company's stock.

XPO Company 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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