Mystic Asset Management Inc. Takes $1.11 Million Position in XPO, Inc. $XPO

Key Points

• Mystic Asset Management bought 5,400 XPO shares worth approximately $1.11 million, while institutional investors collectively own 97.73% of the company.
• Analysts maintain a generally positive view, with XPO carrying a “Moderate Buy” consensus rating and an average price target of $225.86.
• XPO’s latest quarterly results exceeded expectations: adjusted EPS was $1.70 versus $1.48 expected, while revenue rose 13.2% year over year to $2.35 billion. Insiders, however, sold 7,400 shares worth about $1.53 million over the past three months.

Mystic Asset Management Inc. purchased a new stake in XPO, Inc. (NYSE:XPO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,400 shares of the transportation company's stock, valued at approximately $1,109,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XPO. Elyxium Wealth LLC acquired a new stake in shares of XPO in the fourth quarter valued at about $28,000. Torren Management LLC purchased a new position in XPO in the 4th quarter valued at about $37,000. Horizon Investments LLC purchased a new position in XPO in the 3rd quarter valued at about $39,000. International Assets Investment Management LLC acquired a new stake in XPO in the 4th quarter worth about $41,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in XPO by 35.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company's stock worth $42,000 after buying an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 2,400 shares of the business's stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the transaction, the director owned 4,849 shares of the company's stock, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Christopher Michael Brown sold 3,750 shares of the company's 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 completion of the sale, the chief accounting officer owned 31,005 shares of the company's stock, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 7,400 shares of company stock worth $1,526,502 in the last three months. 0.87% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on XPO. UBS Group increased their target price on XPO from $236.00 to $257.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Stephens lifted their price target on XPO from $255.00 to $270.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Citizens Jmp initiated coverage on XPO in a research report on Wednesday, July 15th. They set a "market perform" rating for the company. Citigroup reduced their price objective on XPO from $226.00 to $221.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Finally, BMO Capital Markets raised their price objective on XPO from $240.00 to $245.00 and gave the company an "outperform" rating in a report on Thursday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $225.86.

XPO Trading Down 0.2%

XPO opened at $197.13 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. The company's 50 day simple moving average is $206.12 and its two-hundred day simple moving average is $205.00. XPO, Inc. has a 1-year low of $121.48 and a 1-year high of $232.05. The firm has a market capitalization of $23.08 billion, a price-to-earnings ratio of 58.15, a price-to-earnings-growth ratio of 2.00 and a beta of 1.85.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the business earned $1.05 earnings per share. The business's revenue was up 13.2% compared to the same quarter last year. Analysts expect that XPO, Inc. will post 5.44 EPS for the current fiscal year.

XPO Profile

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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