Jupiter Topco LLC acquired a new position in XPO, Inc. (NYSE:XPO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,520 shares of the transportation company's stock, valued at approximately $1,749,000.
Other large investors have also recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new stake in XPO in the 2nd quarter worth approximately $13,804,000. Primecap Management Co. CA bought a new stake in XPO during the 2nd quarter worth approximately $116,673,000. Canada Pension Plan Investment Board purchased a new position in XPO during the second quarter valued at approximately $6,467,000. Castleark Management LLC bought a new position in shares of XPO in the second quarter worth approximately $11,718,000. Finally, Nicholas Investment Partners LP bought a new position in shares of XPO in the second quarter worth approximately $13,053,000. 97.73% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other XPO news, CAO Christopher Brown sold 3,750 shares of XPO stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the sale, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.87% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on XPO shares. BMO Capital Markets increased their price objective on shares of XPO from $240.00 to $245.00 and gave the stock an "outperform" rating in a research note on Thursday, June 4th. Oppenheimer lifted their target price 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 upped 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. Raymond James Financial cut their price target on XPO from $233.00 to $225.00 and set an "outperform" rating for the company in a research note on Monday, July 13th. Finally, Citigroup decreased their price target on XPO from $226.00 to $221.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $225.86.
View Our Latest Stock Report on XPO
XPO Trading Down 0.5%
Shares of XPO opened at $184.96 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. XPO, Inc. has a 1 year low of $121.48 and a 1 year high of $232.05. The company has a 50 day simple moving average of $203.02 and a two-hundred day simple moving average of $205.08. The firm has a market cap of $21.66 billion, a P/E ratio of 54.56, a price-to-earnings-growth ratio of 1.89 and a beta of 1.85.
XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.28 billion. During the same quarter last year, the business posted $1.05 earnings per share. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities analysts expect that XPO, Inc. will post 5.44 earnings per share for the current fiscal year.
About XPO
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding XPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XPO, Inc. (NYSE:XPO - Free Report).
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.
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