Nykredit A S Acquires Shares of 34,852 XPO, Inc. $XPO

Key Points

• Nykredit A S purchased 34,852 XPO shares during the second quarter, valued at approximately $7.2 million. Institutional investors collectively own 97.73% of the company.
• XPO exceeded quarterly expectations, reporting $1.70 in EPS versus the $1.48 consensus estimate and revenue of $2.35 billion, up 13.2% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $225.82, while company insiders have sold 8,365 shares worth about $1.6 million over the past 90 days.

Nykredit A S purchased a new stake in shares of XPO, Inc. (NYSE:XPO - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 34,852 shares of the transportation company's stock, valued at approximately $7,155,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. purchased a new position in XPO in the 2nd quarter worth about $32,000. Transamerica Financial Advisors LLC bought a new stake in shares of XPO in the 2nd quarter valued at about $32,000. Root Financial Partners LLC increased its holdings in XPO by 21.1% during the first quarter. Root Financial Partners LLC now owns 362 shares of the transportation company's stock valued at $70,000 after buying an additional 63 shares during the period. V Square Quantitative Management LLC grew its stake in XPO by 19.1% in the first quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company's stock valued at $73,000 after purchasing an additional 60 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in XPO by 13.2% in the first quarter. Parallel Advisors LLC now owns 421 shares of the transportation company's stock valued at $82,000 after acquiring an additional 49 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Performance

NYSE:XPO opened at $174.75 on Tuesday. The company's 50-day moving average price is $197.26 and its 200-day moving average price is $203.11. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. The company has a market cap of $20.46 billion, a P/E ratio of 51.55, a P/E/G ratio of 1.77 and a beta of 1.85. XPO, Inc. has a twelve month low of $121.48 and a twelve month high of $232.05.

XPO (NYSE:XPO - Get Free Report) last announced 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. The company had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. XPO's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 EPS. On average, sell-side analysts forecast that XPO, Inc. will post 5.42 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Christopher Brown sold 3,750 shares of the company'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 transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. This represents a 10.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO David J. Bates sold 2,615 shares of the company's stock in a transaction on Monday, September 14th. The stock was sold at an average price of $179.41, for a total value of $469,157.15. Following the transaction, the chief operating officer owned 64,735 shares in the company, valued at $11,614,106.35. This trade represents a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 8,365 shares of company stock valued at $1,612,085. 0.87% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Susquehanna upped their price objective on shares of XPO from $212.00 to $214.00 and gave the company a "neutral" rating in a report on Tuesday, July 14th. Citizens Jmp started coverage on XPO in a research report on Wednesday, July 15th. They set a "market perform" rating on the stock. Stifel Nicolaus raised their price objective on shares of XPO from $237.00 to $241.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Sanford C. Bernstein initiated coverage on shares of XPO in a report on Thursday, September 10th. They set an "outperform" rating and a $244.00 target price for the company. Finally, Wells Fargo & Company increased their price target on shares of XPO from $235.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, June 5th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $225.82.

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.

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