E. Ohman J or Asset Management AB Invests $1.17 Million in XPO, Inc. $XPO

Key Points

• E. Ohman J or Asset Management AB acquired 5,700 XPO shares valued at approximately $1.17 million. Institutional investors collectively own 97.73% of the company.
• XPO reported quarterly earnings of $1.70 per share, exceeding estimates of $1.48, while revenue rose 13.2% year over year to $2.35 billion.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $225.86 compared with the reported share price of $203.28.

E. Ohman J or Asset Management AB acquired a new stake in shares of XPO, Inc. (NYSE:XPO - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,700 shares of the transportation company's stock, valued at approximately $1,170,000.

Other large investors also recently modified their holdings of the company. Durable Capital Partners LP boosted its holdings in XPO by 79.3% in the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company's stock worth $454,020,000 after buying an additional 1,589,759 shares during the period. Norges Bank purchased a new position in shares of XPO in the fourth quarter valued at about $204,304,000. Bessemer Group Inc. lifted its position in shares of XPO by 115.9% in the first quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company's stock valued at $470,986,000 after acquiring an additional 1,299,480 shares in the last quarter. Invesco Ltd. boosted its stake in shares of XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company's stock worth $810,249,000 after acquiring an additional 1,036,434 shares during the period. Finally, Orbis Allan Gray Ltd boosted its stake in shares of XPO by 15.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company's stock worth $496,423,000 after acquiring an additional 499,220 shares during the period. Hedge funds and other institutional investors own 97.73% of the company's stock.

Insider Activity at XPO

In related news, Director Allison Landry sold 2,400 shares of the firm's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the transaction, the director directly owned 4,849 shares of the company's stock, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.87% of the company's stock.

XPO Price Performance

NYSE:XPO opened at $203.28 on Wednesday. The business's 50-day moving average is $208.42 and its 200 day moving average is $202.19. XPO, Inc. has a 12 month low of $119.98 and a 12 month high of $232.05. The company has a market capitalization of $23.80 billion, a P/E ratio of 59.96, a P/E/G ratio of 2.04 and a beta of 1.85. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55.

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

Analyst Ratings Changes

Several analysts recently issued reports on XPO shares. Citizens Jmp started coverage on XPO in a research note on Wednesday, July 15th. They set a "market perform" rating on the stock. Oppenheimer upped their price target on XPO from $236.00 to $238.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Bank of America lifted their price objective on shares of XPO from $244.00 to $246.00 and gave the company a "buy" rating in a research report on Thursday, June 4th. Barclays boosted their target price on shares of XPO from $195.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Finally, BMO Capital Markets upped their target price on shares of XPO from $240.00 to $245.00 and gave the stock an "outperform" rating in a research report on Thursday, June 4th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, XPO currently has a consensus rating of "Moderate Buy" and an average price target of $225.86.

XPO 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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