National Pension Service Acquires New Holdings in XPO, Inc. $XPO

Key Points

• National Pension Service acquired 183,619 XPO shares in the second quarter, worth approximately $37.7 million and representing about 0.16% of the company. Institutional investors collectively own 97.73% of XPO.
• XPO reported strong quarterly results, with EPS of $1.70 versus the $1.48 consensus and revenue of $2.35 billion, up 13.2% year over year. Analysts expect full-year EPS of approximately $5.42.
• Wall Street maintains a favorable view, with a consensus “Moderate Buy” rating and an average price target of $225.82, while XPO shares recently traded at $182.11.

National Pension Service bought a new stake in XPO, Inc. (NYSE:XPO - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 183,619 shares of the transportation company's stock, valued at approximately $37,695,000. National Pension Service owned about 0.16% of XPO as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Amundi lifted its stake in shares of XPO by 50.7% in the 1st quarter. Amundi now owns 5,412 shares of the transportation company's stock valued at $582,000 after purchasing an additional 1,820 shares during the last quarter. AQR Capital Management LLC raised its holdings in XPO by 7.6% during the first quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company's stock valued at $1,856,000 after buying an additional 1,243 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of XPO by 3.2% in the first quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company's stock worth $1,228,000 after buying an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of XPO by 35.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company's stock worth $42,000 after acquiring an additional 88 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of XPO during the 2nd quarter worth about $611,000. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Trading Down 0.1%

Shares of XPO stock opened at $182.11 on Friday. XPO, Inc. has a 1 year low of $121.48 and a 1 year high of $232.05. The company's fifty day simple moving average is $200.88 and its 200-day simple moving average is $204.43. The company has a market cap of $21.32 billion, a price-to-earnings ratio of 53.72, a PEG ratio of 1.86 and a beta of 1.85. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55.

XPO (NYSE:XPO - Get Free Report) last released its earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating 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 firm had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.28 billion. During the same period in the prior year, the company earned $1.05 EPS. The business's quarterly revenue was up 13.2% compared to the same quarter last year. As a group, sell-side analysts expect that XPO, Inc. will post 5.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on XPO from $208.00 to $210.00 and gave the company an "overweight" rating in a research note on Monday, June 8th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $247.00 target price on shares of XPO in a research report on Thursday, July 30th. BMO Capital Markets lifted their price target on shares of XPO from $240.00 to $245.00 and gave the company an "outperform" rating in a research report on Thursday, June 4th. Sanford C. Bernstein started coverage on shares of XPO in a research note on Thursday. They issued an "outperform" rating and a $244.00 price objective for the company. Finally, TD Cowen boosted their price objective on shares of XPO from $224.00 to $228.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $225.82.

Insider Activity at XPO

In other news, CAO Christopher Brown sold 3,750 shares of the company's stock in a transaction dated 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 transaction, the chief accounting officer owned 31,005 shares of the company's stock, valued at approximately $6,261,149.70. This represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.87% of the company's stock.

XPO Company Profile

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.

In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.

Want to see what other hedge funds are holding XPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XPO, Inc. (NYSE:XPO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.