Jefferies Financial Group Inc. Acquires Shares of 6,000 XPO, Inc. $XPO

Key Points

• Jefferies Financial Group acquired 6,000 XPO shares worth approximately $1.23 million in the second quarter. Institutional investors and hedge funds collectively own 97.73% of XPO’s outstanding stock.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $225.86; several firms recently raised their targets.
• XPO beat quarterly expectations with adjusted EPS of $1.70 versus the $1.48 estimate, while revenue rose 13.2% year over year to $2.35 billion.

Jefferies Financial Group Inc. acquired a new stake in XPO, Inc. (NYSE:XPO - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,000 shares of the transportation company's stock, valued at approximately $1,232,000.

Other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in XPO by 73.3% during the 1st quarter. Renaissance Technologies LLC now owns 178,720 shares of the transportation company's stock worth $34,770,000 after purchasing an additional 75,600 shares during the last quarter. Border to Coast Pensions Partnership Ltd acquired a new position in XPO in the 1st quarter valued at $36,048,000. K.J. Harrison & Partners Inc acquired a new position in XPO in the 2nd quarter valued at $4,927,000. MFN Partners Management LP bought a new position in XPO during the 2nd quarter worth $2,026,148,865. Finally, BlackRock Inc. acquired a new stake in shares of XPO during the second quarter worth $2,985,276,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on XPO. Oppenheimer upped their price target on shares of XPO from $236.00 to $238.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Stephens raised their target price on shares of XPO from $255.00 to $270.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Zacks Research upgraded shares of XPO from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 4th. TD Cowen boosted their price target on XPO from $224.00 to $228.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, BMO Capital Markets upped their target price on XPO from $240.00 to $245.00 and gave the company an "outperform" rating in a research report on Thursday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, XPO has a consensus rating of "Moderate Buy" and a consensus target price of $225.86.

XPO Trading Up 0.0%

NYSE:XPO opened at $188.58 on Monday. XPO, Inc. has a 12 month low of $121.48 and a 12 month high of $232.05. The stock has a market capitalization of $22.08 billion, a price-to-earnings ratio of 55.63, a PEG ratio of 1.91 and a beta of 1.85. The firm has a fifty day simple moving average of $203.99 and a two-hundred day simple moving average of $205.34. 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 issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) 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 firm had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.28 billion. During the same period last year, the company earned $1.05 earnings per share. The business's revenue was up 13.2% on a year-over-year basis. Analysts expect that XPO, Inc. will post 5.44 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Christopher Michael Brown sold 3,750 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the transaction, the chief accounting officer directly owned 31,005 shares of the company's stock, valued at $6,261,149.70. This trade represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is currently owned by company insiders.

XPO Company 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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