Polar Asset Management Partners Inc. Has $1.48 Million Stock Position in XPO, Inc. $XPO

Key Points

• Polar Asset Management Partners Inc. reduced its stake in XPO, Inc. by 37.9%, now holding 13,794 shares valued at $1.48 million.
• Investment analysts have set multiple price targets for XPO, with an average target of $138.00, reflecting a strong Buy rating from nineteen analysts.
• XPO reported earnings of $1.05 per share for the last quarter, beating estimates and showing a revenue increase to $2.08 billion.

Polar Asset Management Partners Inc. decreased its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 37.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 13,794 shares of the transportation company's stock after selling 8,417 shares during the period. Polar Asset Management Partners Inc.'s holdings in XPO were worth $1,484,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Scientech Research LLC increased its position in shares of XPO by 0.9% in the 4th quarter. Scientech Research LLC now owns 9,843 shares of the transportation company's stock valued at $1,291,000 after buying an additional 84 shares in the last quarter. First Manhattan CO. LLC. raised its holdings in shares of XPO by 4.8% in the 4th quarter. First Manhattan CO. LLC. now owns 2,208 shares of the transportation company's stock valued at $290,000 after purchasing an additional 102 shares during the period. Securian Asset Management Inc. raised its holdings in shares of XPO by 1.2% in the 1st quarter. Securian Asset Management Inc. now owns 8,904 shares of the transportation company's stock valued at $958,000 after purchasing an additional 105 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in XPO by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,501 shares of the transportation company's stock valued at $2,033,000 after acquiring an additional 111 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in XPO by 89.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 240 shares of the transportation company's stock valued at $26,000 after acquiring an additional 113 shares during the period. Institutional investors own 97.73% of the company's stock.

XPO Price Performance

Shares of NYSE XPO traded down $2.71 during trading hours on Friday, hitting $131.69. 155,912 shares of the stock were exchanged, compared to its average volume of 1,548,971. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01. The company has a market cap of $15.51 billion, a PE ratio of 45.57, a price-to-earnings-growth ratio of 2.52 and a beta of 1.96. The company's fifty day simple moving average is $129.52 and its two-hundred day simple moving average is $118.34. XPO, Inc. has a 1-year low of $85.06 and a 1-year high of $161.00.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on XPO. UBS Group increased their price target on shares of XPO from $123.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Citigroup reaffirmed a "buy" rating on shares of XPO in a report on Wednesday. Stifel Nicolaus lowered their target price on shares of XPO from $145.00 to $136.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Barclays raised their target price on shares of XPO from $135.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Benchmark raised their target price on shares of XPO from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. Nineteen equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, XPO has an average rating of "Moderate Buy" and a consensus price target 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.