Aristeia Capital L.L.C. Purchases 3,226 Shares of XPO, Inc. $XPO

Key Points

• Aristeia Capital L.L.C. increased its holdings in XPO, Inc. by 128.4% in Q1, now owning 5,739 shares valued at $617,000.
• Hedge funds dominate XPO's ownership, holding approximately 97.73% of the stock, with significant increases noted by Durable Capital Partners LP and BNP Paribas Financial Markets.
• Equity analysts have raised price targets for XPO, with Bank of America setting a new target of $150.00, reflecting strong confidence in the company.

Aristeia Capital L.L.C. increased its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 128.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,739 shares of the transportation company's stock after acquiring an additional 3,226 shares during the quarter. Aristeia Capital L.L.C.'s holdings in XPO were worth $617,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in XPO. Scientech Research LLC raised its holdings in shares of XPO by 0.9% during the 4th quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock valued at $1,291,000 after purchasing an additional 84 shares in the last quarter. First Manhattan CO. LLC. raised its holdings in XPO by 4.8% in the 4th quarter. First Manhattan CO. LLC. now owns 2,208 shares of the transportation company's stock worth $290,000 after acquiring an additional 102 shares during the period. Securian Asset Management Inc. raised its holdings in XPO by 1.2% in the 1st quarter. Securian Asset Management Inc. now owns 8,904 shares of the transportation company's stock worth $958,000 after acquiring an additional 105 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in XPO by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,501 shares of the transportation company's stock worth $2,033,000 after acquiring an additional 111 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after acquiring an additional 113 shares during the period. Institutional investors and hedge funds own 97.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XPO. Susquehanna lifted their target price on shares of XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a report on Wednesday, June 18th. Wells Fargo & Company lifted their target price on shares of XPO from $144.00 to $147.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Citigroup restated a "buy" rating on shares of XPO in a research report on Wednesday. Jefferies Financial Group restated a "buy" rating and issued a $140.00 price target (up from $135.00) on shares of XPO in a research report on Tuesday, June 10th. Finally, UBS Group raised their price target on shares of XPO from $123.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Nineteen equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $138.00.

Insider Buying and Selling at XPO

In related news, Director Allison Landry sold 3,250 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total value of $438,880.00. Following the transaction, the director directly owned 5,875 shares in the company, valued at $793,360. This represents a 35.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.90% of the stock is currently owned by company insiders.

XPO Price Performance

Shares of XPO stock traded down $4.00 during trading hours on Friday, reaching $130.40. 713,840 shares of the company were exchanged, compared to its average volume of 1,101,315. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The stock's fifty day moving average is $129.48 and its two-hundred day moving average is $118.40. The company has a market cap of $15.36 billion, a price-to-earnings ratio of 45.12, a P/E/G ratio of 2.60 and a beta of 1.96. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02.

XPO (NYSE:XPO - Get Free Report) last announced 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. XPO had a net margin of 4.32% and a return on equity of 26.48%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period in the prior year, the business earned $1.12 earnings per share. XPO's quarterly revenue was up .0% on a year-over-year basis. Sell-side analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

XPO Company 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.