Saudi Central Bank Purchases New Position in XPO, Inc. $XPO

Key Points

• Saudi Central Bank acquired 8,012 XPO shares in the second quarter, valued at approximately $1.65 million. Institutional investors collectively own 97.73% of the company.
• Analysts maintain a generally positive outlook, with XPO receiving a consensus “Moderate Buy” rating and an average price target of $224.95, despite several recent target-price reductions.
• XPO reported quarterly earnings of $1.70 per share, exceeding estimates of $1.48, while revenue rose 13.2% year over year to $2.35 billion. The stock opened at $189.97, down 1.6%.

Saudi Central Bank purchased a new stake in shares of XPO, Inc. (NYSE:XPO - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 8,012 shares of the transportation company's stock, valued at approximately $1,645,000.

Several other institutional investors and hedge funds have also recently modified their holdings of XPO. Parallel Advisors LLC boosted its position 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 buying an additional 49 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in XPO by 19.1% during the 1st quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company's stock worth $73,000 after acquiring an additional 60 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of XPO by 13.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company's stock worth $68,000 after acquiring an additional 60 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of XPO by 21.1% in the first quarter. Root Financial Partners LLC now owns 362 shares of the transportation company's stock valued at $70,000 after purchasing an additional 63 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in shares of XPO by 4.4% during the fourth quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company's stock valued at $202,000 after purchasing an additional 63 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Raymond James Financial reduced their target price on XPO from $233.00 to $225.00 and set an "outperform" rating for the company in a report on Monday, July 13th. TD Cowen lifted their target price on XPO from $224.00 to $228.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Weiss Ratings downgraded shares of XPO from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. Bank of America dropped their target price on shares of XPO from $248.00 to $228.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Susquehanna raised their target price on XPO from $212.00 to $214.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 14th. Two equities research 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 company's stock. According to data from MarketBeat.com, XPO has an average rating of "Moderate Buy" and a consensus price target of $224.95.

Insider Transactions at XPO

In other news, CAO Christopher Brown sold 3,750 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. This represents a 10.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is currently owned by company insiders.

XPO Trading Down 1.6%

XPO stock opened at $189.97 on Wednesday. The firm's fifty day moving average price is $202.30 and its 200-day moving average price is $204.92. XPO, Inc. has a fifty-two week low of $121.48 and a fifty-two week high of $232.05. The stock has a market cap of $22.24 billion, a P/E ratio of 56.04, a PEG ratio of 1.96 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01.

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

XPO Company Profile

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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