Deutsche Bank AG Invests $56.76 Million in XPO, Inc. $XPO

Key Points

• Deutsche Bank acquired a new $56.76 million stake in XPO, purchasing 276,492 shares and holding approximately 0.24% of the transportation company. Institutional investors collectively own 97.73% of XPO.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $225.86. Recent targets range from $105 to $257, reflecting differing views on the stock’s valuation.
• XPO beat quarterly expectations, reporting $1.70 in adjusted EPS versus the $1.48 consensus and revenue of $2.35 billion, up 13.2% year over year. The stock opened at $197.13, while company insiders sold 7,400 shares worth roughly $1.53 million during the latest quarter.

Deutsche Bank AG acquired a new stake in XPO, Inc. (NYSE:XPO - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 276,492 shares of the transportation company's stock, valued at approximately $56,761,000. Deutsche Bank AG owned approximately 0.24% of XPO at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of XPO. Durable Capital Partners LP boosted its holdings in XPO by 79.3% during the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company's stock valued at $454,020,000 after acquiring an additional 1,589,759 shares during the period. Norges Bank acquired a new position in XPO in the 4th quarter valued at about $204,304,000. Bessemer Group Inc. increased its stake in 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 during the period. Invesco Ltd. increased its stake in XPO by 19.8% during the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company's stock worth $810,249,000 after purchasing an additional 1,036,434 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of XPO during the second quarter worth about $151,798,000. Hedge funds and other institutional investors own 97.73% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on XPO shares. Morgan Stanley set a $105.00 price objective on shares of XPO and gave the company an "underweight" rating in a research note on Friday, May 1st. Barclays upped their target price on shares of XPO from $195.00 to $250.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. UBS Group raised their price target on shares of XPO from $236.00 to $257.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. The Goldman Sachs Group restated a "buy" rating and issued a $247.00 price target on shares of XPO in a research note on Thursday, July 30th. Finally, Citizens Jmp started coverage on XPO in a research report on Wednesday, July 15th. They set a "market perform" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, XPO currently has an average rating of "Moderate Buy" and a consensus target price of $225.86.

Insiders Place Their Bets

In related news, Director Allison Landry sold 2,400 shares of the business's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Christopher Michael Brown sold 3,750 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at $6,261,149.70. This trade represents a 10.79% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 7,400 shares of company stock valued at $1,526,502. Insiders own 0.87% of the company's stock.

XPO Stock Down 0.2%

Shares of NYSE:XPO opened at $197.13 on Friday. XPO, Inc. has a fifty-two week low of $121.48 and a fifty-two week high of $232.05. The firm's 50 day moving average price is $206.12 and its 200 day moving average price is $205.00. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. The stock has a market cap of $23.08 billion, a price-to-earnings ratio of 58.15, a price-to-earnings-growth ratio of 2.00 and a beta of 1.85.

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

XPO Company Profile

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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