Northwestern Mutual Wealth Management Co. Purchases New Holdings in XPO, Inc. $XPO

Key Points

• Northwestern Mutual Wealth Management acquired 5,912 XPO shares worth approximately $1.21 million during the second quarter. Institutional investors collectively own 97.73% of XPO’s outstanding stock.
• Analysts maintain a generally positive view, with XPO holding a consensus “Moderate Buy” rating and an average price target of $225.86. Recent target prices range from $221 to $250.
• XPO reported quarterly EPS of $1.70, beating estimates of $1.48, while revenue rose 13.2% year over year to $2.35 billion. The stock opened at $192.37, below its 50-day and 200-day moving averages.

Northwestern Mutual Wealth Management Co. acquired a new position in XPO, Inc. (NYSE:XPO - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 5,912 shares of the transportation company's stock, valued at approximately $1,214,000.

Several other large investors also recently bought and sold shares of XPO. BlackRock Inc. acquired a new position in shares of XPO during the second quarter valued at approximately $2,985,276,000. MFN Partners Management LP acquired a new stake in shares of XPO in the second quarter worth approximately $2,026,148,865,000. Invesco Ltd. increased its position in shares of XPO by 19.8% during the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company's stock worth $810,249,000 after purchasing an additional 1,036,434 shares in the last quarter. Durable Capital Partners LP increased its position in shares of XPO by 20.5% during the third quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company's stock worth $559,905,000 after purchasing an additional 736,224 shares in the last quarter. Finally, Orbis Allan Gray Ltd raised its stake in XPO by 15.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company's stock valued at $496,423,000 after purchasing an additional 499,220 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on XPO. Oppenheimer lifted their target price on shares of XPO from $236.00 to $238.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Wells Fargo & Company increased their target price on shares of XPO from $235.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, June 5th. BMO Capital Markets raised their price target on shares of XPO from $240.00 to $245.00 and gave the stock an "outperform" rating in a research note on Thursday, June 4th. Citizens Jmp began coverage on shares of XPO in a research report on Wednesday, July 15th. They set a "market perform" rating on the stock. Finally, Citigroup dropped their price objective on shares of XPO from $226.00 to $221.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, XPO presently has a consensus rating of "Moderate Buy" and an average target price of $225.86.

XPO Stock Performance

NYSE XPO opened at $192.37 on Wednesday. The stock has a market cap of $22.52 billion, a PE ratio of 56.75, a P/E/G ratio of 1.95 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, Inc. has a twelve month low of $121.48 and a twelve month high of $232.05. The stock has a fifty day simple moving average of $204.54 and a 200-day simple moving average of $205.50.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (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 for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the firm earned $1.05 EPS. XPO's revenue was up 13.2% on a year-over-year basis. Equities analysts anticipate that XPO, Inc. will post 5.44 earnings per share for the current year.

Insider Transactions at XPO

In other news, CAO Christopher Michael Brown sold 3,750 shares of the business's stock in a transaction that occurred 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 sale, the chief accounting officer directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Allison Landry sold 2,400 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 7,400 shares of company stock valued at $1,526,502. Company insiders own 0.87% of the company's stock.

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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