The Manufacturers Life Insurance Company Buys Shares of 54,084 XPO, Inc. $XPO

Key Points

• The Manufacturers Life Insurance Company initiated a position in XPO during the second quarter, buying 54,084 shares valued at approximately $11.1 million. Institutional investors collectively own 97.73% of the company.
• Analyst sentiment remains broadly positive: XPO has a “Moderate Buy” consensus rating and an average price target of $225.86, with recent upgrades from Evercore, UBS, Zacks Research, and BMO Capital Markets.
• XPO reported quarterly earnings of $1.70 per share, beating estimates of $1.48, while revenue rose 13.2% year over year to $2.35 billion. The stock recently traded at $188.58, below its 52-week high of $232.05.

The Manufacturers Life Insurance Company purchased a new stake in shares of XPO, Inc. (NYSE:XPO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 54,084 shares of the transportation company's stock, valued at approximately $11,103,000.

Several other hedge funds have also bought and sold shares of XPO. Elyxium Wealth LLC purchased a new stake in XPO in the fourth quarter worth about $28,000. Keating Financial Advisory Services Inc. purchased a new position in shares of XPO during the 2nd quarter valued at about $32,000. Torren Management LLC bought a new position in shares of XPO during the 4th quarter valued at approximately $37,000. Horizon Investments LLC purchased a new stake in XPO in the 3rd quarter worth approximately $39,000. Finally, International Assets Investment Management LLC purchased a new stake in XPO in the 4th quarter worth approximately $41,000. Institutional investors own 97.73% of the company's stock.

Analysts Set New Price Targets

XPO has been the topic of several analyst reports. Evercore raised shares of XPO from an "in-line" rating to an "outperform" rating in a report on Wednesday, July 1st. UBS Group increased their price objective on shares of XPO from $236.00 to $257.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. Weiss Ratings cut shares of XPO from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday. Zacks Research raised shares of XPO from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 4th. Finally, BMO Capital Markets increased their price target on XPO from $240.00 to $245.00 and gave the stock an "outperform" rating in a research note on Thursday, June 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $225.86.

XPO Stock Performance

NYSE:XPO opened at $188.58 on Friday. The firm has a market capitalization of $22.08 billion, a PE ratio of 55.63, a PEG ratio of 1.91 and a beta of 1.85. The stock's fifty day moving average is $203.99 and its 200 day moving average is $205.35. XPO, Inc. has a fifty-two week low of $121.48 and a fifty-two week high of $232.05. 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 posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The business had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.28 billion. During the same quarter in the previous year, the business posted $1.05 earnings per share. The business's revenue was up 13.2% compared to the same quarter last year. On average, sell-side analysts anticipate that XPO, Inc. will post 5.44 earnings per share for the current year.

Insider Activity

In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of the business'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 owned 31,005 shares in the company, valued at $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by company insiders.

XPO 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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