Landscape Capital Management L.L.C. Takes Position in XPO, Inc. $XPO

Key Points

• Landscape Capital Management initiated a position in XPO during the second quarter, buying 7,709 shares valued at approximately $1.58 million. Institutional investors and hedge funds collectively own 97.73% of XPO’s outstanding stock.
• XPO reported stronger-than-expected quarterly results, with adjusted earnings of $1.70 per share versus the $1.48 consensus estimate and revenue of $2.35 billion, up 13.2% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $225.86, compared with the stock’s recent opening price of $198.74.

Landscape Capital Management L.L.C. bought a new stake in XPO, Inc. (NYSE:XPO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,709 shares of the transportation company's stock, valued at approximately $1,583,000.

A number of other large investors have also modified their holdings of the company. Korea Investment CORP bought a new position in XPO in the second quarter worth $17,319,000. Callan Family Office LLC bought a new stake in XPO in the 2nd quarter valued at $350,000. Keating Financial Advisory Services Inc. bought a new stake in XPO in the 2nd quarter valued at $32,000. OneAscent Family Office LLC acquired a new position in shares of XPO in the 2nd quarter valued at $365,000. Finally, Allworth Financial LP acquired a new position in shares of XPO in the 2nd quarter valued at $172,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at XPO

In other news, Director Allison Landry sold 2,400 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the sale, the director directly owned 4,849 shares of the company's stock, valued at $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Christopher Michael Brown sold 3,750 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were 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 represents a 10.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 7,400 shares of company stock valued at $1,526,502. Insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

XPO has been the subject of a number of analyst reports. TD Cowen raised their price objective on shares of XPO from $224.00 to $228.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Citizens Jmp began coverage on shares of XPO in a research note on Wednesday, July 15th. They issued a "market perform" rating on the stock. Evercore raised shares of XPO from an "in-line" rating to an "outperform" rating in a research report on Wednesday, July 1st. Raymond James Financial cut their price target on shares of XPO from $233.00 to $225.00 and set an "outperform" rating for the company in a research note on Monday, July 13th. Finally, Stephens lifted their price objective on XPO from $255.00 to $270.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, XPO has an average rating of "Moderate Buy" and a consensus price target of $225.86.

XPO Stock Performance

Shares of NYSE:XPO opened at $198.74 on Friday. The business has a fifty day moving average of $205.54 and a 200-day moving average of $204.95. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. XPO, Inc. has a twelve month low of $121.48 and a twelve month high of $232.05. The firm has a market cap of $23.27 billion, a PE ratio of 58.63, a price-to-earnings-growth ratio of 2.01 and a beta of 1.85.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The firm's quarterly revenue was up 13.2% on a year-over-year basis. On average, equities research analysts predict that XPO, Inc. will post 5.44 EPS for the current fiscal year.

About XPO

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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