Neo Ivy Capital Management Makes New Investment in XPO, Inc. (NYSE:XPO)

Key Points

• Neo Ivy Capital Management acquired a new stake in XPO, Inc., purchasing 4,620 shares valued at approximately $497,000 during the first quarter of the year.
• Analysts have mixed ratings on XPO, with a consensus average rating of "Moderate Buy" and a target price of $141.16, while Citigroup recently downgraded its rating to "neutral."
• XPO reported earnings of $0.73 per share for the last quarter, surpassing analysts' expectations, despite a 3.2% drop in revenue compared to the previous year.

Neo Ivy Capital Management purchased a new stake in shares of XPO, Inc. (NYSE:XPO - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 4,620 shares of the transportation company's stock, valued at approximately $497,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Capital Research Global Investors lifted its position in XPO by 18.5% in the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock valued at $1,789,171,000 after purchasing an additional 2,125,686 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of XPO by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 11,034,926 shares of the transportation company's stock valued at $1,447,231,000 after acquiring an additional 79,393 shares in the last quarter. Capital World Investors lifted its stake in XPO by 26.1% in the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock worth $1,016,923,000 after acquiring an additional 1,605,001 shares during the period. FMR LLC boosted its holdings in XPO by 3.6% in the fourth quarter. FMR LLC now owns 2,606,265 shares of the transportation company's stock valued at $341,812,000 after acquiring an additional 91,252 shares in the last quarter. Finally, Invesco Ltd. increased its position in XPO by 29.6% during the 4th quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company's stock valued at $244,369,000 after purchasing an additional 425,678 shares during the period. Hedge funds and other institutional investors own 97.73% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on XPO shares. Jefferies Financial Group reaffirmed a "buy" rating and set a $140.00 target price (up previously from $135.00) on shares of XPO in a research note on Tuesday, June 10th. Susquehanna raised their target price on XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research note on Wednesday, June 18th. Benchmark increased their price objective on XPO from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. Evercore ISI lifted their price target on shares of XPO from $115.00 to $116.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Raymond James Financial dropped their price objective on shares of XPO from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.16.

XPO Stock Performance

XPO stock traded down $2.00 during mid-day trading on Wednesday, reaching $132.47. 436,836 shares of the stock traded hands, compared to its average volume of 1,614,910. The stock has a market capitalization of $15.61 billion, a PE ratio of 40.76, a price-to-earnings-growth ratio of 2.63 and a beta of 1.93. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.02 and a quick ratio of 1.02. The business's 50-day moving average is $125.22 and its 200-day moving average is $120.51. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.98 billion. XPO had a net margin of 4.87% and a return on equity of 28.27%. The business's quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 EPS. As a group, sell-side analysts predict that XPO, Inc. will post 4.15 EPS for the current fiscal year.

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.