PensionDanmark Pensionsforsikringsaktieselskab Boosts Stock Position in XPO, Inc. $XPO

Key Points

• PensionDanmark increased its XPO stake by 37.2% in the second quarter, purchasing 5,100 additional shares and bringing its holdings to 18,820 shares valued at approximately $3.86 million. Institutional investors collectively own 97.73% of XPO.
• Analysts remain broadly positive, with XPO receiving a consensus “Moderate Buy” rating and an average price target of $225.86; several firms recently raised their targets.
• XPO reported a quarterly earnings beat, posting $1.70 in earnings per share versus the $1.48 consensus estimate, while revenue rose 13.2% year over year to $2.35 billion.

PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in XPO, Inc. (NYSE:XPO - Free Report) by 37.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,820 shares of the transportation company's stock after purchasing an additional 5,100 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab's holdings in XPO were worth $3,864,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new position in XPO during the fourth quarter worth $28,000. Torren Management LLC acquired a new stake in shares of XPO in the 4th quarter worth $37,000. Horizon Investments LLC purchased a new position in shares of XPO during the 3rd quarter worth $39,000. International Assets Investment Management LLC purchased a new position in shares of XPO during the 4th quarter worth $41,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of XPO by 35.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company's stock valued at $42,000 after acquiring an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 97.73% of the company's stock.

Analysts Set New Price Targets

XPO has been the subject of a number of analyst reports. Zacks Research raised shares of XPO from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 4th. Wells Fargo & Company boosted their target price on shares of XPO from $235.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, June 5th. Benchmark increased their price target on shares of XPO from $220.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, May 1st. TD Cowen raised their price target on shares of XPO from $224.00 to $228.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Weiss Ratings lowered shares of XPO from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, XPO presently has an average rating of "Moderate Buy" and a consensus target price of $225.86.

XPO Stock Down 0.1%

Shares of XPO opened at $202.39 on Monday. The company's 50-day moving average price is $209.09 and its 200 day moving average price is $201.43. XPO, Inc. has a 12-month low of $117.98 and a 12-month high of $232.05. 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 firm has a market cap of $23.70 billion, a P/E ratio of 59.70, a price-to-earnings-growth ratio of 2.06 and a beta of 1.85.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, topping 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 company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the firm posted $1.05 earnings per share. XPO's revenue was up 13.2% compared to the same quarter last year. On average, sell-side analysts forecast that XPO, Inc. will post 5.44 earnings per share for the current year.

Insider Activity at XPO

In related news, Director Allison Landry sold 2,400 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were 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 of the company's stock, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company's stock.

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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