Findlay Park Partners LLP Purchases 163,300 Shares of XPO, Inc. $XPO

Key Points

• Findlay Park Partners LLP has increased its holdings in XPO, Inc. by 11.6%, acquiring an additional 163,300 shares to own 1,572,500 shares total, which represents 1.7% of its portfolio.
• XPO reported a quarterly EPS of $1.05, exceeding analysts' estimates of $0.99, and its revenue for the quarter was $2.08 billion, slightly above expectations.
• Institutional investors own 97.73% of XPO's stock, indicating strong institutional confidence in the transportation company.

Findlay Park Partners LLP raised its stake in XPO, Inc. (NYSE:XPO - Free Report) by 11.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,572,500 shares of the transportation company's stock after buying an additional 163,300 shares during the period. XPO accounts for 1.7% of Findlay Park Partners LLP's holdings, making the stock its 28th largest holding. Findlay Park Partners LLP owned approximately 1.33% of XPO worth $169,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in XPO. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of XPO by 28.5% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 211,610 shares of the transportation company's stock valued at $22,765,000 after acquiring an additional 46,987 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of XPO by 30.4% during the first quarter. MetLife Investment Management LLC now owns 92,119 shares of the transportation company's stock valued at $9,910,000 after acquiring an additional 21,502 shares during the last quarter. Oliver Luxxe Assets LLC increased its position in shares of XPO by 7.8% during the first quarter. Oliver Luxxe Assets LLC now owns 21,018 shares of the transportation company's stock worth $2,261,000 after buying an additional 1,525 shares during the period. Penn Capital Management Company LLC increased its position in shares of XPO by 39.1% during the first quarter. Penn Capital Management Company LLC now owns 2,451 shares of the transportation company's stock worth $264,000 after buying an additional 689 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of XPO by 23.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,603 shares of the transportation company's stock worth $172,000 after buying an additional 307 shares during the period. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Stock Down 1.5%

XPO traded down $2.05 during trading on Thursday, hitting $130.06. 1,168,032 shares of the company's stock were exchanged, compared to its average volume of 1,343,097. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. The business's 50 day moving average is $128.84 and its two-hundred day moving average is $118.95. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The stock has a market cap of $15.32 billion, a P/E ratio of 45.01, a PEG ratio of 2.55 and a beta of 1.97.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on XPO. Wells Fargo & Company increased their price objective on shares of XPO from $144.00 to $147.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Oppenheimer increased their price objective on shares of XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday, July 7th. Bank of America increased their price objective on shares of XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Truist Financial increased their price objective 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. Finally, Susquehanna increased their target price on shares of XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a research note on Wednesday, June 18th. Nineteen investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

XPO Company Profile

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.