Fishman Jay A Ltd. MI Raises Stock Position in XPO, Inc. $XPO

Key Points

• Fishman Jay A Ltd. MI increased its stake in XPO, Inc. by 1.6%, now owning approximately 305,301 shares worth $38.56 million.
• Institutional investors own 97.73% of XPO's stock, with several funds, including MassMutual Private Wealth & Trust and Farther Finance Advisors, significantly increasing their holdings in recent quarters.
• XPO's earnings report revealed $1.05 EPS, surpassing analyst expectations, while its revenue for the quarter reached $2.08 billion, indicating a slight year-over-year growth.

Fishman Jay A Ltd. MI lifted its position in XPO, Inc. (NYSE:XPO - Free Report) by 1.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 305,301 shares of the transportation company's stock after purchasing an additional 4,825 shares during the period. XPO comprises approximately 3.7% of Fishman Jay A Ltd. MI's portfolio, making the stock its 9th biggest holding. Fishman Jay A Ltd. MI owned about 0.26% of XPO worth $38,556,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SouthState Corp bought a new position in shares of XPO in the first quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of XPO by 46.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company's stock worth $44,000 after purchasing an additional 111 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of XPO by 63.2% in the second quarter. Farther Finance Advisors LLC now owns 426 shares of the transportation company's stock worth $54,000 after purchasing an additional 165 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of XPO by 58.8% in 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. Finally, Cullen Frost Bankers Inc. boosted its holdings in XPO by 65.7% in the first quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock valued at $57,000 after acquiring an additional 209 shares in the last quarter. Institutional investors own 97.73% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on XPO. Stifel Nicolaus cut their price target on shares of XPO from $145.00 to $136.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Benchmark reiterated a "buy" rating and issued a $140.00 price target on shares of XPO in a report on Wednesday, October 1st. TD Cowen cut their price target on shares of XPO from $136.00 to $133.00 and set a "buy" rating on the stock in a report on Friday, June 27th. Wall Street Zen upgraded shares of XPO from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of XPO in a report on Saturday, September 27th. Nineteen equities research analysts have rated the stock with a Buy rating, one has 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 a consensus target price of $139.85.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 3,250 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the transaction, the director owned 5,875 shares of the company's stock, valued at approximately $793,360. The trade was a 35.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.90% of the company's stock.

XPO Price Performance

XPO opened at $128.52 on Monday. The stock has a 50-day moving average price of $128.89 and a 200-day moving average price of $120.35. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. The firm has a market cap of $15.14 billion, a PE ratio of 44.47, a P/E/G ratio of 2.56 and a beta of 1.95. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00.

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

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.

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