Danske Bank A S Takes $8.11 Million Position in XPO, Inc. $XPO

Key Points

• Danske Bank acquired a new $8.11 million stake in XPO during the second quarter, purchasing 39,500 shares. Institutional investors collectively own 97.73% of the transportation company.
• XPO reported quarterly adjusted earnings of $1.70 per share and revenue of $2.35 billion, beating analyst estimates; revenue increased 13.2% year over year.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and $225.86 price target, while insiders sold 7,400 shares worth about $1.53 million over the past 90 days.

Danske Bank A S acquired a new stake in shares of XPO, Inc. (NYSE:XPO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 39,500 shares of the transportation company's stock, valued at approximately $8,109,000.

A number of other institutional investors have also recently made changes to their positions in XPO. Elyxium Wealth LLC acquired a new position in shares of XPO in the 4th quarter worth approximately $28,000. Torren Management LLC purchased a new position in shares of XPO during the fourth quarter valued at approximately $37,000. Horizon Investments LLC bought a new stake in XPO in the 3rd quarter worth about $39,000. International Assets Investment Management LLC purchased a new stake in shares of XPO during the 4th quarter valued at $41,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of XPO by 35.8% in the 2nd 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 period. Institutional investors own 97.73% of the company's stock.

Insider Activity

In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of XPO 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 completion of the sale, the chief accounting officer owned 31,005 shares of the company's stock, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Allison Landry sold 2,400 shares of the firm's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the sale, the director directly owned 4,849 shares in the company, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,400 shares of company stock valued at $1,526,502 over the last 90 days. 0.87% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citigroup reduced their price target on XPO from $226.00 to $221.00 and set a "neutral" rating for the company in a research report on Friday, July 31st. Raymond James Financial lowered their price objective on shares of XPO from $233.00 to $225.00 and set an "outperform" rating for the company in a report on Monday, July 13th. Susquehanna increased their price target on shares of XPO from $212.00 to $214.00 and gave the company a "neutral" rating in a research report on Tuesday, July 14th. The Goldman Sachs Group restated a "buy" rating and set a $247.00 target price on shares of XPO in a report on Thursday, July 30th. Finally, BMO Capital Markets upped 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 research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $225.86.

XPO Trading Up 1.0%

Shares of XPO opened at $198.74 on Friday. The company has a 50 day simple moving average of $205.54 and a two-hundred day simple moving average of $204.95. XPO, Inc. has a 1 year low of $121.48 and a 1 year high of $232.05. The firm has a market cap of $23.27 billion, a P/E ratio of 58.63, a price-to-earnings-growth ratio of 2.00 and a beta of 1.85. 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 posted its earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.22. The firm had revenue of $2.35 billion during 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 company's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.05 EPS. On average, equities analysts expect that XPO, Inc. will post 5.44 earnings per share 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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