Andra AP fonden Invests $16.85 Million in XPO, Inc. $XPO

Key Points

• Andra AP fonden acquired 82,100 XPO shares worth approximately $16.85 million during the second quarter, giving it a 0.07% stake. Institutional investors collectively own 97.73% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $225.82; several firms recently raised targets or upgraded the stock.
• XPO exceeded quarterly expectations, reporting $1.70 in earnings per share and $2.35 billion in revenue, while revenue increased 13.2% year over year. However, insiders sold 8,365 shares worth $1.61 million over the past 90 days.

Andra AP fonden acquired a new stake in XPO, Inc. (NYSE:XPO - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 82,100 shares of the transportation company's stock, valued at approximately $16,854,000. Andra AP fonden owned 0.07% of XPO at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of XPO. Tidal Investments LLC boosted its position in shares of XPO by 45.4% during the second quarter. Tidal Investments LLC now owns 7,452 shares of the transportation company's stock worth $1,530,000 after buying an additional 2,328 shares during the period. National Pension Service purchased a new position in XPO during the 2nd quarter valued at about $37,695,000. WINTON GROUP Ltd boosted its holdings in XPO by 311.5% during the 2nd quarter. WINTON GROUP Ltd now owns 10,700 shares of the transportation company's stock valued at $2,197,000 after acquiring an additional 8,100 shares during the period. Engineers Gate Manager LP grew its position in XPO by 233.9% in the 2nd quarter. Engineers Gate Manager LP now owns 15,839 shares of the transportation company's stock valued at $3,252,000 after acquiring an additional 11,096 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in XPO in the 2nd quarter valued at about $213,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on XPO shares. Citizens Jmp started coverage on shares of XPO in a report on Wednesday, July 15th. They set a "market perform" rating on the stock. Citigroup decreased their target price on XPO from $221.00 to $220.00 and set a "neutral" rating for the company in a research note on Tuesday, September 8th. BMO Capital Markets boosted their price target 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 upgraded XPO from an "in-line" rating to an "outperform" rating in a research note on Wednesday, July 1st. Finally, Stifel Nicolaus increased their target price on shares of XPO from $237.00 to $241.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $225.82.

XPO Trading Up 2.0%

Shares of XPO stock opened at $177.81 on Wednesday. XPO, Inc. has a 12-month low of $121.48 and a 12-month high of $232.05. The stock has a market cap of $20.82 billion, a PE ratio of 52.45, a price-to-earnings-growth ratio of 1.78 and a beta of 1.85. The company has a 50-day moving average of $196.62 and a two-hundred day moving average of $202.85. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55.

XPO (NYSE:XPO - Get Free Report) last posted its earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the business earned $1.05 earnings per share. XPO's quarterly revenue was up 13.2% compared to the same quarter last year. On average, research analysts anticipate that XPO, Inc. will post 5.42 EPS for the current fiscal year.

Insider Buying and Selling

In other XPO news, CAO Christopher Brown sold 3,750 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. This represents a 10.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO David J. Bates sold 2,615 shares of the firm's stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $179.41, for a total transaction of $469,157.15. Following the sale, the chief operating officer owned 64,735 shares in the company, valued at approximately $11,614,106.35. This trade represents a 3.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,365 shares of company stock worth $1,612,085 in the last ninety days. Insiders own 0.87% of the company's stock.

About XPO

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.

In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.

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