XPO, Inc. $XPO Shares Acquired by Aperture Investors LLC

Key Points

• Aperture Investors LLC increased its holdings in XPO, Inc. by 44.6% during the first quarter, acquiring an additional 7,441 shares, bringing their total to 24,127 shares valued at $2.6 million.
• Wall Street analysts are optimistic about XPO's growth, with multiple firms raising their price targets, resulting in an average target price of $138.00 and a consensus rating of "Moderate Buy."
• XPO's latest earnings report revealed a beat on earnings expectations with $1.05 earnings per share, exceeding the consensus estimate of $0.99, while revenue also topped analyst predictions.

Aperture Investors LLC boosted its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 44.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,127 shares of the transportation company's stock after acquiring an additional 7,441 shares during the period. Aperture Investors LLC's holdings in XPO were worth $2,596,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SouthState Corp purchased a new stake in XPO during the 1st quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB grew its stake 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 buying an additional 113 shares during the period. Parallel Advisors LLC grew its stake in shares of XPO by 58.8% in the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock valued at $52,000 after buying an additional 180 shares during the period. Cullen Frost Bankers Inc. grew its stake in shares of XPO by 65.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock valued at $57,000 after buying an additional 209 shares during the period. Finally, Archer Investment Corp purchased a new stake in shares of XPO in the 1st quarter valued at approximately $91,000. Hedge funds and other institutional investors own 97.73% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. TD Cowen dropped their price target on shares of XPO from $136.00 to $133.00 and set a "buy" rating for the company in a research note on Friday, June 27th. JPMorgan Chase & Co. increased their price target on shares of XPO from $121.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Stephens reissued an "overweight" rating and issued a $131.00 price target on shares of XPO in a research note on Thursday, June 5th. Oppenheimer increased their price target on shares of XPO from $126.00 to $150.00 and gave the company an "outperform" rating in a research note on Monday, July 7th. Finally, Benchmark increased their price target on shares of XPO from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th. Nineteen analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

XPO Stock Down 2.1%

XPO stock traded down $2.77 during mid-day trading on Tuesday, reaching $126.93. 1,192,887 shares of the company's stock were exchanged, compared to its average volume of 1,582,001. The company has a market cap of $14.95 billion, a P/E ratio of 43.92, a P/E/G ratio of 2.50 and a beta of 1.96. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. 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 company has a fifty day moving average of $129.14 and a 200-day moving average of $118.36.

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

About XPO

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.