Concurrent Investment Advisors LLC Buys 11,793 Shares of XPO, Inc. $XPO

Key Points

• Concurrent Investment Advisors increased its XPO stake by 325.1% in the second quarter, acquiring 11,793 additional shares and bringing its holdings to 15,420 shares valued at approximately $3.17 million. Institutional investors collectively own 97.73% of XPO.
• XPO reported stronger-than-expected quarterly results, with earnings of $1.70 per share versus the $1.48 consensus estimate and revenue of $2.35 billion, up 13.2% year over year.
• Analysts remain broadly positive, giving XPO a consensus “Moderate Buy” rating and an average price target of $225, above its reported market price of $193.49.

Concurrent Investment Advisors LLC grew its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 325.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,420 shares of the transportation company's stock after acquiring an additional 11,793 shares during the period. Concurrent Investment Advisors LLC's holdings in XPO were worth $3,166,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Amundi lifted its holdings in XPO by 50.7% during the 1st 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 last quarter. AQR Capital Management LLC grew its holdings in XPO by 7.6% in the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company's stock valued at $1,856,000 after buying an additional 1,243 shares in the last quarter. NewEdge Advisors LLC increased its position in XPO by 3.2% during the 1st quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company's stock worth $1,228,000 after buying an additional 355 shares during the period. EverSource Wealth Advisors LLC increased its position in XPO by 35.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company's stock worth $42,000 after buying an additional 88 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of XPO during the second quarter worth $611,000. Institutional investors own 97.73% of the company's stock.

XPO Stock Up 0.2%

XPO stock opened at $193.49 on Tuesday. The company has a market cap of $22.66 billion, a PE ratio of 57.08, a price-to-earnings-growth ratio of 1.96 and a beta of 1.85. The business has a 50-day simple moving average of $202.60 and a 200 day simple moving average of $205.01. XPO, Inc. has a 52 week low of $121.48 and a 52 week high of $232.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55.

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

Insider Buying and Selling at XPO

In other news, CAO Christopher Brown sold 3,750 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the sale, the chief accounting officer owned 31,005 shares of the company's stock, valued at approximately $6,261,149.70. This represents a 10.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on XPO shares. Raymond James Financial reduced their target price on shares of XPO from $233.00 to $225.00 and set an "outperform" rating for the company in a research report on Monday, July 13th. Oppenheimer raised their price target on shares of XPO from $236.00 to $238.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. BMO Capital Markets lifted their price objective on shares of XPO from $240.00 to $245.00 and gave the stock an "outperform" rating in a research note on Thursday, June 4th. UBS Group boosted their price objective on shares of XPO from $236.00 to $257.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of XPO from $208.00 to $210.00 and gave the stock an "overweight" rating in a research report on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $225.00.

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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