Paradoxiom Capital L.P. Makes New Investment in XPO, Inc. $XPO

Key Points

• Paradoxiom Capital L.P. invested approximately $3.95 million in XPO, Inc., acquiring 36,734 shares and making XPO about 2.6% of its portfolio.
• Numerous institutional investors significantly increased their holdings in XPO during the first quarter, with 97.73% of the stock owned by institutional investors and hedge funds.
• Several research analysts have raised their price targets for XPO, with the consensus target currently at $138.00 and a consensus rating of "Moderate Buy."

Paradoxiom Capital L.P. bought a new position in shares of XPO, Inc. (NYSE:XPO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 36,734 shares of the transportation company's stock, valued at approximately $3,952,000. XPO comprises approximately 2.6% of Paradoxiom Capital L.P.'s portfolio, making the stock its 17th biggest position.

Several other hedge funds have also added to or reduced their stakes in the company. SouthState Corp acquired a new position in XPO during the 1st quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of XPO by 89.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock worth $26,000 after buying an additional 113 shares during the last quarter. Parallel Advisors LLC lifted its holdings in XPO by 58.8% in the first quarter. Parallel Advisors LLC now owns 486 shares of the transportation company's stock valued at $52,000 after buying an additional 180 shares during the period. Cullen Frost Bankers Inc. boosted its stake in XPO by 65.7% in the first quarter. Cullen Frost Bankers Inc. now owns 527 shares of the transportation company's stock valued at $57,000 after acquiring an additional 209 shares during the last quarter. Finally, Archer Investment Corp acquired a new stake in XPO during the 1st quarter worth $91,000. Institutional investors own 97.73% of the company's stock.

XPO Stock Up 3.2%

Shares of XPO traded up $4.16 during midday trading on Thursday, hitting $134.45. The stock had a trading volume of 813,069 shares, compared to its average volume of 1,557,095. The firm has a market cap of $15.83 billion, a price-to-earnings ratio of 46.52, a price-to-earnings-growth ratio of 2.52 and a beta of 1.96. The company has a 50 day simple moving average of $129.47 and a two-hundred day simple moving average of $118.27. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.05 billion. XPO had a return on equity of 26.48% and a net margin of 4.32%.XPO's quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the company earned $1.12 earnings per share. On average, analysts anticipate that XPO, Inc. will post 4.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on XPO shares. Bank of America raised their price target on XPO from $139.00 to $150.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Stephens restated an "overweight" rating and set a $131.00 target price on shares of XPO in a research report on Thursday, June 5th. Wall Street Zen raised shares of XPO from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Susquehanna upped their target price on shares of XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research note on Wednesday, June 18th. Finally, Stifel Nicolaus reduced their price target on shares of XPO from $145.00 to $136.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Nineteen analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $138.00.

XPO Company Profile

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.