Amundi Has $2.57 Million Stock Holdings in XPO, Inc. $XPO

Key Points

• Amundi more than doubled its XPO stake in the first quarter, increasing holdings by 108.5% to 13,196 shares valued at approximately $2.57 million. Institutional investors and hedge funds collectively own 97.73% of XPO.
• Analyst sentiment remains positive: XPO has a consensus “Moderate Buy” rating and an average price target of $225.86, with several firms recently raising targets or upgrading the stock.
• XPO beat quarterly expectations, reporting $1.70 in EPS versus the $1.48 consensus and $2.35 billion in revenue, up 13.2% year over year. Shares opened at $196.37, below their 50-day moving average of $209.33.

Amundi increased its position in XPO, Inc. (NYSE:XPO - Free Report) by 108.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,196 shares of the transportation company's stock after purchasing an additional 6,866 shares during the quarter. Amundi's holdings in XPO were worth $2,567,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XPO. Elyxium Wealth LLC acquired a new position in XPO during the 4th quarter valued at about $28,000. Torren Management LLC bought a new position in shares of XPO in the 4th quarter valued at about $37,000. International Assets Investment Management LLC acquired a new stake in shares of XPO during the 4th quarter worth approximately $41,000. Horizon Investments LLC acquired a new stake in shares of XPO during the 3rd quarter worth approximately $39,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of XPO during the fourth quarter worth approximately $43,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of XPO from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, July 28th. BMO Capital Markets upped their target price on shares of XPO from $240.00 to $245.00 and gave the company an "outperform" rating in a research report on Thursday, June 4th. Evercore raised XPO from an "in-line" rating to an "outperform" rating in a research note on Wednesday, July 1st. Stifel Nicolaus raised their price target on XPO from $237.00 to $241.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Finally, Oppenheimer lifted their price objective on XPO from $236.00 to $238.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $225.86.

Insiders Place Their Bets

In other news, Director Allison Landry sold 2,400 shares of the company's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.87% of the company's stock.

XPO Trading Down 1.9%

NYSE XPO opened at $196.37 on Friday. XPO, Inc. has a one year low of $117.98 and a one year high of $232.05. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $22.99 billion, a P/E ratio of 57.93, a P/E/G ratio of 2.10 and a beta of 1.85. The stock's 50-day moving average is $209.33 and its 200-day moving average is $201.06.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the firm earned $1.05 EPS. XPO's quarterly revenue was up 13.2% compared to the same quarter last year. Sell-side analysts anticipate that XPO, Inc. will post 5.38 earnings per share for the current fiscal year.

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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