Nykredit A S Makes New Investment in XPO, Inc. $XPO

Key Points

• Nykredit A S acquired 42,077 shares of XPO during the second quarter, valued at approximately $8.64 million. Institutional investors and hedge funds collectively own 97.73% of the company.
• Wall Street analysts maintain a favorable outlook, with XPO carrying a consensus “Moderate Buy” rating and an average price target of $225.00.
• XPO exceeded quarterly expectations, reporting $1.70 in EPS versus the $1.48 consensus and revenue of $2.35 billion, up 13.2% year over year. Shares opened at $193.49, while a company executive separately sold 3,750 shares at an average price of $201.94.

Nykredit A S acquired a new stake in XPO, Inc. (NYSE:XPO - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 42,077 shares of the transportation company's stock, valued at approximately $8,638,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC lifted its stake in shares of XPO by 13.2% during 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 during the period. V Square Quantitative Management LLC boosted its holdings 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 acquiring an additional 60 shares during the last quarter. Smartleaf Asset Management LLC increased its position in XPO by 13.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company's stock worth $68,000 after purchasing an additional 60 shares during the period. Root Financial Partners LLC increased its position in XPO by 21.1% in the first quarter. Root Financial Partners LLC now owns 362 shares of the transportation company's stock worth $70,000 after purchasing an additional 63 shares during the period. Finally, UMB Bank n.a. raised its holdings in XPO by 4.4% during the 4th quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company's stock worth $202,000 after purchasing an additional 63 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on XPO. Stifel Nicolaus upped their target price on shares of XPO from $237.00 to $241.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. TD Cowen boosted their price target 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. Zacks Research upgraded shares of XPO from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 4th. Oppenheimer raised their price objective on shares of XPO from $236.00 to $238.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Finally, Susquehanna lifted their target price on shares of XPO from $212.00 to $214.00 and gave the stock a "neutral" rating in a report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, XPO currently has a consensus rating of "Moderate Buy" and a consensus price target of $225.00.

Insiders Place Their Bets

In related news, CAO Christopher 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 transaction of $757,275.00. Following the completion of the transaction, the chief accounting officer owned 31,005 shares in the company, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by insiders.

XPO Price Performance

Shares of XPO opened at $193.49 on Friday. 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 1 year low of $121.48 and a 1 year high of $232.05. The stock has a market cap of $22.65 billion, a P/E ratio of 57.08, a price-to-earnings-growth ratio of 1.96 and a beta of 1.85. The stock's 50-day moving average price is $202.85 and its two-hundred day moving average price is $205.00.

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

About XPO

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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