Maxi Investments CY Ltd Acquires New Holdings 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 purchased a new stake in shares of XPO, Inc. (NYSE:XPO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 20,900 shares of the transportation company's stock, valued at approximately $2,248,000.

Other institutional investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of XPO by 89.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after buying an additional 113 shares in the last quarter. Parallel Advisors LLC raised its stake in XPO by 58.8% during the 1st quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock worth $52,000 after acquiring an additional 180 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in XPO by 65.7% during the first quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock valued at $57,000 after purchasing an additional 209 shares in the last quarter. Archer Investment Corp purchased a new position in XPO during the first quarter valued at approximately $91,000. Finally, UMB Bank n.a. boosted its position in shares of XPO by 97.4% in the first quarter. UMB Bank n.a. now owns 1,062 shares of the transportation company's stock worth $114,000 after purchasing an additional 524 shares during the period. Institutional investors own 97.73% of the company's stock.

XPO Trading Down 0.2%

XPO traded down $0.22 during trading on Friday, hitting $120.16. 921,348 shares of the stock were exchanged, compared to its average volume of 1,622,928. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. The firm has a 50 day simple moving average of $125.75 and a 200 day simple moving average of $119.91. The firm has a market cap of $14.15 billion, a price-to-earnings ratio of 41.58, a P/E/G ratio of 2.38 and a beta of 1.97. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. XPO had a return on equity of 26.48% and a net margin of 4.32%. The business's revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.12 EPS. As a group, equities analysts expect that XPO, Inc. will post 4.15 EPS for the current year.

Analyst Upgrades and Downgrades

XPO has been the topic of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of XPO from $145.00 to $136.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Truist Financial increased their price target on XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. Wells Fargo & Company boosted 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. Benchmark increased their target price on XPO from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Finally, Susquehanna raised their target price on shares of XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research note on Wednesday, June 18th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $138.00.

XPO Company 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.