United Capital Financial Advisors LLC Invests $1.44 Million in XPO, Inc. $XPO

Key Points

• United Capital Financial Advisors initiated a $1.44 million position in XPO during the second quarter, while institutional investors and hedge funds collectively owned 97.73% of the company.
• XPO exceeded quarterly expectations, reporting $1.70 in earnings per share versus the $1.48 consensus and revenue of $2.35 billion, up 13.2% year over year.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $225.86, despite XPO shares recently trading down 1.6% at $188.58.

United Capital Financial Advisors LLC bought a new stake in XPO, Inc. (NYSE:XPO - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,032 shares of the transportation company's stock, valued at approximately $1,444,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of XPO in the 2nd quarter worth approximately $2,985,276,000. MFN Partners Management LP acquired a new stake in shares of XPO during the second quarter worth $2,026,148,865. Invesco Ltd. grew its holdings in XPO by 19.8% during the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company's stock worth $810,249,000 after acquiring an additional 1,036,434 shares during the period. Durable Capital Partners LP grew its holdings in XPO by 20.5% during the 3rd quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company's stock worth $559,905,000 after acquiring an additional 736,224 shares during the period. Finally, Orbis Allan Gray Ltd raised its position in shares of 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. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Trading Down 1.6%

NYSE XPO opened at $188.58 on Friday. The company has a market cap of $22.08 billion, a price-to-earnings ratio of 55.63, a P/E/G ratio of 1.91 and a beta of 1.85. XPO, Inc. has a 52 week low of $121.48 and a 52 week high of $232.05. The business has a 50 day moving average price of $203.99 and a 200-day moving average price of $205.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55.

XPO (NYSE:XPO - Get Free Report) last issued 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 company had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.XPO's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $1.05 EPS. As a group, equities analysts expect that XPO, Inc. will post 5.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

XPO has been the topic of several research analyst reports. Stephens upped their target price on XPO from $255.00 to $270.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Wells Fargo & Company boosted their target price on shares of XPO from $235.00 to $250.00 and gave the company an "overweight" rating in a research report on Friday, June 5th. Evercore raised shares of XPO from an "in-line" rating to an "outperform" rating in a research note on Wednesday, July 1st. TD Cowen raised their price target on shares of XPO from $224.00 to $228.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Oppenheimer upped their price objective on shares of XPO from $236.00 to $238.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $225.86.

Insider Activity

In other news, CAO Christopher Michael Brown sold 3,750 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the sale, the chief accounting officer directly owned 31,005 shares of the company's stock, valued at $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.87% of the stock is owned by corporate insiders.

About XPO

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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