Durable Capital Partners LP Has $215.73 Million Holdings in XPO, Inc. $XPO

Key Points

• Durable Capital Partners LP significantly increased its stake in XPO, Inc. by 246.4%, acquiring 2,005,297 shares worth approximately $215.73 million, making it the 22nd largest holding in their investment portfolio.
• Wall Street analysts show confidence in XPO, with a consensus rating of "Moderate Buy" and an average price target of $138.00, supported by multiple brokerages raising their target prices over recent months.
• XPO reported better-than-expected earnings of $1.05 per share for the last quarter, surpassing estimates and indicating positive revenue growth year-over-year, despite a decline in earnings compared to the previous year.

Durable Capital Partners LP grew its stake in XPO, Inc. (NYSE:XPO - Free Report) by 246.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,005,297 shares of the transportation company's stock after buying an additional 1,426,394 shares during the quarter. XPO accounts for about 1.9% of Durable Capital Partners LP's investment portfolio, making the stock its 22nd biggest holding. Durable Capital Partners LP owned about 1.70% of XPO worth $215,730,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SouthState Corp acquired a new position in shares of XPO in the first quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of XPO by 89.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after buying an additional 113 shares during the period. Parallel Advisors LLC boosted its holdings in XPO by 58.8% during the first quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock worth $52,000 after purchasing an additional 180 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in XPO by 65.7% during the first quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock worth $57,000 after purchasing an additional 209 shares during the last quarter. Finally, Archer Investment Corp acquired a new position in XPO during the first quarter worth $91,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XPO. Stephens restated an "overweight" rating and set a $131.00 target price on shares of XPO in a report on Thursday, June 5th. Benchmark increased their target price on shares of XPO from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. TD Cowen reduced their target price on shares of XPO from $136.00 to $133.00 and set a "buy" rating for the company in a report on Friday, June 27th. Susquehanna increased their target price on shares of XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a report on Wednesday, June 18th. Finally, Truist Financial upped their price target on shares of XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Nineteen investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, XPO currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

XPO Price Performance

Shares of XPO opened at $129.70 on Monday. The firm has a market capitalization of $15.27 billion, a PE ratio of 44.88, a PEG ratio of 2.50 and a beta of 1.96. The company's 50-day moving average is $129.03 and its 200-day moving average is $118.47. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The transportation company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.05 billion. XPO had a net margin of 4.32% and a return on equity of 26.48%. The company's revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 earnings per share. Equities analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

About XPO

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.

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