Canada Pension Plan Investment Board Purchases Shares of 31,500 XPO, Inc. $XPO

Canada Pension Plan Investment Board acquired a new position in XPO, Inc. (NYSE:XPO - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 31,500 shares of the transportation company's stock, valued at approximately $6,467,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of XPO. BlackRock Inc. purchased a new stake in XPO during the second quarter valued at approximately $2,985,276,000. MFN Partners Management LP purchased a new position in XPO in the second quarter worth $2,026,148,865. Durable Capital Partners LP increased its position in shares of XPO by 79.3% during the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company's stock worth $454,020,000 after purchasing an additional 1,589,759 shares in the last quarter. Norges Bank acquired a new position in shares of XPO during the fourth quarter worth $204,304,000. Finally, Bessemer Group Inc. increased its position in shares of XPO by 115.9% during the first quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company's stock worth $470,986,000 after purchasing an additional 1,299,480 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

Wall Street Analyst Weigh In

XPO has been the subject of a number of recent analyst reports. UBS Group raised their price objective on XPO from $236.00 to $257.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. upped their target price on XPO from $208.00 to $210.00 and gave the company an "overweight" rating in a research report on Monday, June 8th. Wells Fargo & Company increased their price target on XPO from $235.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, June 5th. Weiss Ratings downgraded XPO from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday. Finally, BMO Capital Markets boosted their price target on XPO from $240.00 to $245.00 and gave the stock an "outperform" rating in a research note on Thursday, June 4th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $225.86.

Insider Buying and Selling

In related news, CAO Christopher Michael Brown sold 3,750 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the sale, the chief accounting officer directly owned 31,005 shares of the company's stock, valued at $6,261,149.70. This trade represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is currently owned by company insiders.

XPO Trading Down 1.6%

Shares of XPO stock opened at $188.58 on Friday. The stock has a market cap of $22.08 billion, a PE ratio of 55.63, a price-to-earnings-growth ratio of 1.91 and a beta of 1.85. The firm has a fifty day moving average price of $203.99 and a 200 day moving average price of $205.35. XPO, Inc. has a 1 year low of $121.48 and a 1 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.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.22. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $1.05 EPS. Equities research analysts predict that XPO, Inc. will post 5.44 earnings per share for the current 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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