Aubrey Capital Management Ltd Makes New $2.98 Million Investment in XPO, Inc. $XPO

Aubrey Capital Management Ltd bought a new stake in shares of XPO, Inc. (NYSE:XPO - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,500 shares of the transportation company's stock, valued at approximately $2,976,000. XPO accounts for 1.8% of Aubrey Capital Management Ltd's holdings, making the stock its 26th largest holding.

A number of other hedge funds have also recently modified their holdings of the business. Amundi increased its stake in XPO by 50.7% in the first quarter. Amundi now owns 5,412 shares of the transportation company's stock worth $582,000 after purchasing an additional 1,820 shares during the period. AQR Capital Management LLC boosted its stake in shares of XPO by 7.6% during the first quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company's stock valued at $1,856,000 after purchasing an additional 1,243 shares during the period. NewEdge Advisors LLC boosted its stake in shares of XPO by 3.2% during the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company's stock valued at $1,228,000 after purchasing an additional 355 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company's stock worth $42,000 after purchasing an additional 88 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of XPO in the second quarter worth about $611,000. Institutional investors own 97.73% of the company's stock.

Insider Transactions at XPO

In other news, CAO Christopher Michael Brown sold 3,750 shares of XPO stock in a transaction on Tuesday, August 11th. The stock was 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 trade represents a 10.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on XPO shares. Citizens Jmp assumed coverage on shares of XPO in a research report on Wednesday, July 15th. They issued a "market perform" rating for the company. TD Cowen raised their target price on shares of XPO from $224.00 to $228.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Zacks Research raised shares of XPO from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 4th. Oppenheimer lifted their price target on shares of XPO from $236.00 to $238.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Finally, Susquehanna boosted their price target on XPO from $212.00 to $214.00 and gave the company a "neutral" rating in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $225.86.

XPO Trading Up 3.0%

NYSE:XPO opened at $194.30 on Tuesday. The firm has a 50-day simple moving average of $203.86 and a 200-day simple moving average of $205.30. XPO, Inc. has a one year low of $121.48 and a one year high of $232.05. The firm has a market cap of $22.75 billion, a P/E ratio of 57.32, a P/E/G ratio of 1.91 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01.

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. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. XPO's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share. Equities analysts anticipate that XPO, Inc. will post 5.44 EPS for the current fiscal year.

About XPO

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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