3,854 Shares in XPO, Inc. $XPO Acquired by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC acquired a stake in XPO, Inc. worth approximately $415,000, purchasing 3,854 shares in the first quarter of the year.
• Prominent investors have increased their positions in XPO, with Durable Capital Partners LP boosting their stake by 246.4% and BNP Paribas Financial Markets by 854.2% in the same timeframe.
• XPO has received a consensus rating of "Moderate Buy" from analysts, with target prices ranging between $84.00 and $150.00 as of recent reports.

Teza Capital Management LLC bought a new position in XPO, Inc. (NYSE:XPO - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,854 shares of the transportation company's stock, valued at approximately $415,000.

Other hedge funds also recently made changes to their positions in the company. Sowell Financial Services LLC purchased a new stake in shares of XPO in the first quarter worth about $247,000. Allspring Global Investments Holdings LLC lifted its position in shares of XPO by 14.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 24,632 shares of the transportation company's stock worth $2,689,000 after buying an additional 3,057 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of XPO by 50.9% in the first quarter. Teacher Retirement System of Texas now owns 21,454 shares of the transportation company's stock worth $2,308,000 after buying an additional 7,237 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of XPO by 88.0% in the first quarter. Vontobel Holding Ltd. now owns 3,719 shares of the transportation company's stock worth $400,000 after buying an additional 1,741 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of XPO by 57.0% in the first quarter. GAMMA Investing LLC now owns 1,782 shares of the transportation company's stock worth $192,000 after buying an additional 647 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 related news, Director Allison Landry sold 3,250 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the transaction, the director owned 5,875 shares of the company's stock, valued at $793,360. This represents a 35.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on XPO. Wall Street Zen upgraded XPO from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Citigroup restated a "buy" rating on shares of XPO in a research report on Wednesday. Oppenheimer upped their price objective on XPO from $126.00 to $150.00 and gave the company an "outperform" rating in a research report on Monday, July 7th. Susquehanna upped their price objective on XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research report on Wednesday, June 18th. Finally, Jefferies Financial Group restated a "buy" rating and set a $140.00 price objective (up from $135.00) on shares of XPO in a research report on Tuesday, June 10th. Nineteen equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

XPO Trading Down 3.0%

Shares of XPO traded down $4.00 during mid-day trading on Friday, reaching $130.40. 713,840 shares of the company's stock traded hands, compared to its average volume of 1,101,315. The stock has a market cap of $15.36 billion, a P/E ratio of 45.12, a P/E/G ratio of 2.60 and a beta of 1.96. The stock's 50-day moving average is $129.48 and its two-hundred day moving average is $118.40. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $161.00. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02.

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

About XPO

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.