Maxi Investments CY Ltd Makes New Investment in XPO, Inc. (NYSE:XPO)

Key Points

• Maxi Investments CY Ltd has invested approximately $2.25 million in XPO, Inc., purchasing 20,900 shares in the first quarter.
• Several institutional investors increased their stakes in XPO during the fourth quarter, with 97.73% of the company's stock now owned by hedge funds and other institutional investors.
• XPO reported earnings of $1.05 per share for the last quarter, exceeding estimates, and is projected to achieve 4.15 earnings per share for the current year.

Maxi Investments CY Ltd bought a new stake in shares of XPO, Inc. (NYSE:XPO - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 20,900 shares of the transportation company's stock, valued at approximately $2,248,000.

A number of other large investors also recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its holdings in XPO by 40.0% during the 4th quarter. Renaissance Technologies LLC now owns 237,420 shares of the transportation company's stock valued at $31,138,000 after buying an additional 67,800 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of XPO in the 1st quarter worth about $247,000. Allspring Global Investments Holdings LLC grew its position in shares of XPO by 14.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,632 shares of the transportation company's stock worth $2,689,000 after buying an additional 3,057 shares during the period. Invesco Ltd. grew its position in shares of XPO by 29.6% in the 4th quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company's stock worth $244,369,000 after buying an additional 425,678 shares during the period. Finally, Teacher Retirement System of Texas grew its position in XPO by 50.9% during the 1st quarter. Teacher Retirement System of Texas now owns 21,454 shares of the transportation company's stock valued at $2,308,000 after purchasing an additional 7,237 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

XPO Trading Down 0.2%

XPO traded down $0.22 on Friday, reaching $120.16. 921,348 shares of the company traded hands, compared to its average volume of 1,206,194. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The firm has a fifty day simple moving average of $125.87 and a two-hundred day simple moving average of $119.79. The company has a market cap of $14.15 billion, a P/E ratio of 41.58, a price-to-earnings-growth ratio of 2.32 and a beta of 1.97. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88.

XPO (NYSE:XPO - Get Free Report) last issued its 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. The company had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.05 billion. XPO had a net margin of 4.32% and a return on equity of 26.48%. The firm's quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business earned $1.12 EPS. As a group, equities research analysts expect that XPO, Inc. will post 4.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

XPO has been the topic of several recent analyst reports. UBS Group increased their price objective on shares of XPO from $123.00 to $150.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Stephens reiterated an "overweight" rating and issued a $131.00 price objective on shares of XPO in a research note on Thursday, June 5th. Morgan Stanley decreased their target price on shares of XPO from $85.00 to $84.00 and set an "underweight" rating on the stock in a research note on Friday, August 1st. Susquehanna lifted their price objective on shares of XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. raised their target price on shares of XPO from $121.00 to $130.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, XPO presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

About XPO

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.