Silvant Capital Management LLC Makes New $3.99 Million Investment in XPO, Inc. $XPO

Key Points

• Silvant Capital Management acquired 19,446 XPO shares worth approximately $3.99 million during the second quarter. Institutional investors collectively own 97.73% of the company.
• 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 quarterly EPS of $1.70, exceeding estimates of $1.48, while revenue rose 13.2% year over year to $2.35 billion. The stock opened at $197.13, down 0.2%.

Silvant Capital Management LLC acquired a new stake in XPO, Inc. (NYSE:XPO - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,446 shares of the transportation company's stock, valued at approximately $3,992,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of XPO during the 2nd quarter worth approximately $2,985,276,000. Invesco Ltd. grew its stake in XPO by 19.8% in the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company's stock valued at $810,249,000 after acquiring an additional 1,036,434 shares during the period. Durable Capital Partners LP grew its stake in XPO by 20.5% in the 3rd quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company's stock valued at $559,905,000 after acquiring an additional 736,224 shares during the period. Orbis Allan Gray Ltd increased its holdings in XPO by 15.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company's stock worth $496,423,000 after acquiring an additional 499,220 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in XPO by 9.7% in the 4th quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company's stock worth $403,684,000 after acquiring an additional 261,935 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 2,400 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the sale, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Christopher Michael Brown sold 3,750 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at $6,261,149.70. This trade represents a 10.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 7,400 shares of company stock worth $1,526,502 over the last 90 days. 0.87% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on XPO. Bank of America increased their price objective on shares of XPO from $244.00 to $246.00 and gave the company a "buy" rating in a report on Thursday, June 4th. Susquehanna boosted their target price on shares of XPO from $212.00 to $214.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 14th. Zacks Research upgraded shares of XPO from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 4th. UBS Group raised their price target on shares of XPO from $236.00 to $257.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Finally, Stifel Nicolaus lifted their price objective on XPO from $237.00 to $241.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned 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.com, the company has an average rating of "Moderate Buy" and a consensus target price of $225.86.

XPO Trading Down 0.2%

Shares of XPO opened at $197.13 on Friday. XPO, Inc. has a 52-week low of $121.48 and a 52-week high of $232.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. The firm's fifty day moving average is $206.12 and its two-hundred day moving average is $205.00. The stock has a market cap of $23.08 billion, a PE ratio of 58.15, a price-to-earnings-growth ratio of 2.00 and a beta of 1.85.

XPO (NYSE:XPO - Get Free Report) last released its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.48 by $0.22. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 earnings per share. 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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