Magnetar Financial LLC Invests $378,000 in XPO, Inc. $XPO

Key Points

• Magnetar Financial LLC invested approximately $378,000 in XPO, Inc. during the 1st quarter by acquiring 3,517 shares as reported in their recent 13F filing.
• XPO, Inc.** reported a Q2 EPS of $1.05, exceeding the consensus estimate of $0.99, with revenue of $2.08 billion, also surpassing expectations.
• The stock currently has a consensus rating of "Moderate Buy" from analysts, with a target price averaging around $138.00.

Magnetar Financial LLC acquired a new position in XPO, Inc. (NYSE:XPO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,517 shares of the transportation company's stock, valued at approximately $378,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SouthState Corp acquired a new stake in shares of XPO in the 1st quarter worth $25,000. MassMutual Private Wealth & Trust FSB lifted its stake in XPO by 89.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after purchasing an additional 113 shares during the last quarter. Parallel Advisors LLC lifted its stake in XPO by 58.8% during 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. Cullen Frost Bankers Inc. increased its position in XPO by 65.7% during the first quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock worth $57,000 after buying an additional 209 shares during the period. Finally, Archer Investment Corp acquired a new position in XPO during the first quarter worth approximately $91,000. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Trading Down 0.0%

NYSE:XPO traded down $0.04 on Friday, hitting $130.79. 924,781 shares of the stock were exchanged, compared to its average volume of 1,120,888. The stock has a market cap of $15.40 billion, a PE ratio of 45.26, a PEG ratio of 2.53 and a beta of 1.96. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. The stock has a fifty day moving average of $129.38 and a 200-day moving average of $118.27. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00.

XPO (NYSE:XPO - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.99 by $0.06. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.05 billion. XPO had a return on equity of 26.48% and a net margin of 4.32%.The firm's revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 earnings per share. 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

XPO has been the topic of a number of recent research reports. Wall Street Zen raised XPO from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Oppenheimer boosted their target price on XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday, July 7th. Stifel Nicolaus decreased their target price on XPO from $145.00 to $136.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Wells Fargo & Company upped their price objective on XPO from $144.00 to $147.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. increased their target price on XPO from $121.00 to $130.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Nineteen investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $138.00.

XPO 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.