Parallax Volatility Advisers L.P. purchased a new stake in XPO, Inc. (NYSE:XPO - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,241 shares of the transportation company's stock, valued at approximately $1,487,000.
Several other hedge funds and other institutional investors have also made changes to their positions in XPO. Keating Financial Advisory Services Inc. purchased a new stake in shares of XPO during the second quarter worth approximately $32,000. Elyxium Wealth LLC acquired a new stake in XPO in the fourth quarter valued at approximately $28,000. Torren Management LLC purchased a new position in XPO in the fourth quarter worth approximately $37,000. International Assets Investment Management LLC purchased a new position in XPO in the fourth quarter worth approximately $41,000. Finally, Horizon Investments LLC acquired a new position in XPO during the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 97.73% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on XPO. Wells Fargo & Company increased their price objective 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. Stephens boosted their target price on shares of XPO from $255.00 to $270.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. BMO Capital Markets raised their price target on XPO from $240.00 to $245.00 and gave the company an "outperform" rating in a research note on Thursday, June 4th. Stifel Nicolaus upped their price objective on XPO from $237.00 to $241.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Finally, Bank of America raised their target price on XPO from $244.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $225.86.
Check Out Our Latest Report on XPO
Insider Transactions at XPO
In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of the stock in a transaction 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 transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at $6,261,149.70. This represents a 10.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.87% of the stock is owned by corporate insiders.
XPO Stock Performance
Shares of XPO stock opened at $192.82 on Thursday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $22.58 billion, a price-to-earnings ratio of 56.88, a price-to-earnings-growth ratio of 1.95 and a beta of 1.85. XPO, Inc. has a one year low of $121.48 and a one year high of $232.05. The company has a 50 day moving average price of $204.36 and a 200 day moving average price of $205.55.
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%. The business's quarterly revenue 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. Sell-side analysts anticipate that XPO, Inc. will post 5.44 EPS for the current year.
About XPO
(
Free Report)
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.
Further Reading
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