Engineers Gate Manager LP Has $3.25 Million Stock Holdings in XPO, Inc. $XPO

Key Points

• Engineers Gate Manager LP increased its XPO stake by 233.9% during the second quarter, owning 15,839 shares valued at approximately $3.25 million. Institutional investors collectively own 97.73% of XPO’s outstanding stock.
• XPO reported quarterly earnings of $1.70 per share, beating analyst expectations of $1.48, while revenue rose 13.2% year over year to $2.35 billion.
• Analysts remain broadly positive, with XPO receiving a “Moderate Buy” consensus rating and an average price target of $225.82, above its reported opening price of $182.11.

Engineers Gate Manager LP raised its stake in XPO, Inc. (NYSE:XPO - Free Report) by 233.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,839 shares of the transportation company's stock after purchasing an additional 11,096 shares during the period. Engineers Gate Manager LP's holdings in XPO were worth $3,252,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Elyxium Wealth LLC acquired a new stake in shares of XPO in the 4th quarter valued at about $28,000. Keating Financial Advisory Services Inc. bought a new position in XPO in the second quarter worth approximately $32,000. Transamerica Financial Advisors LLC bought a new position in XPO in the second quarter worth approximately $32,000. Horizon Investments LLC acquired a new stake in XPO in the third quarter valued at approximately $39,000. Finally, International Assets Investment Management LLC acquired a new stake in XPO in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Insider Activity

In related news, CAO Christopher Brown sold 3,750 shares of the stock in a transaction that occurred on 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 directly owned 31,005 shares of the company's stock, valued at approximately $6,261,149.70. This trade represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.87% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on XPO shares. JPMorgan Chase & Co. upped their target price on XPO from $208.00 to $210.00 and gave the stock an "overweight" rating in a research report on Monday, June 8th. Evercore raised shares of XPO from an "in-line" rating to an "outperform" rating in a research report on Wednesday, July 1st. UBS Group boosted their price target on shares of XPO from $236.00 to $257.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. BMO Capital Markets raised their price objective on shares of XPO from $240.00 to $245.00 and gave the company an "outperform" rating in a research note on Thursday, June 4th. Finally, Oppenheimer lifted their price objective on shares of XPO from $236.00 to $238.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $225.82.

XPO Price Performance

XPO opened at $182.11 on Monday. XPO, Inc. has a 1 year low of $121.48 and a 1 year high of $232.05. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $21.32 billion, a price-to-earnings ratio of 53.72, a P/E/G ratio of 1.86 and a beta of 1.85. The firm's fifty day moving average price is $200.88 and its two-hundred day moving average price is $204.45.

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 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 company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the firm earned $1.05 earnings per share. The firm's revenue was up 13.2% on a year-over-year basis. As a group, analysts anticipate that XPO, Inc. will post 5.42 earnings per share for the current fiscal year.

XPO Company Profile

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.

In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.