Woodline Partners LP Makes New $5.12 Million Investment in XPO, Inc. $XPO

Key Points

• Woodline Partners LP acquired 47,580 shares of XPO, Inc. valued at approximately $5.12 million, reflecting growing institutional interest in the transportation company's stock.
• Analysts have varying outlooks on XPO, with most ratings being buy, and a consensus target price set at around $138.00, reflecting confidence in its growth potential.
• XPO's latest earnings report showed earnings per share of $1.05, exceeding analyst expectations and demonstrating a year-over-year revenue increase, despite a slight decline in EPS compared to the previous year.

Woodline Partners LP bought a new stake in XPO, Inc. (NYSE:XPO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 47,580 shares of the transportation company's stock, valued at approximately $5,119,000.

A number of other institutional investors have also modified their holdings of XPO. Cetera Investment Advisers increased its holdings in shares of XPO by 14.2% in the fourth quarter. Cetera Investment Advisers now owns 10,284 shares of the transportation company's stock valued at $1,349,000 after purchasing an additional 1,280 shares during the period. Focus Partners Wealth increased its holdings in shares of XPO by 17.5% in the fourth quarter. Focus Partners Wealth now owns 2,461 shares of the transportation company's stock valued at $323,000 after purchasing an additional 366 shares during the period. Nomura Holdings Inc. acquired a new position in shares of XPO in the fourth quarter valued at approximately $2,026,000. Man Group plc acquired a new position in shares of XPO in the fourth quarter valued at approximately $3,204,000. Finally, Quantinno Capital Management LP increased its holdings in shares of XPO by 28.0% in the fourth quarter. Quantinno Capital Management LP now owns 6,373 shares of the transportation company's stock valued at $836,000 after purchasing an additional 1,394 shares during the period. Institutional investors and hedge funds own 97.73% of the company's stock.

Analyst Ratings Changes

XPO has been the topic of a number of recent research reports. Bank of America boosted their target price on XPO from $139.00 to $150.00 and gave the company a "buy" rating in a report on Monday, July 7th. TD Cowen decreased their target price on XPO from $136.00 to $133.00 and set a "buy" rating on the stock in a research report on Friday, June 27th. 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. Benchmark upped their price objective on XPO from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. Finally, Stifel Nicolaus reduced their price objective on XPO from $145.00 to $136.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Nineteen research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

XPO Trading Up 2.6%

NYSE XPO traded up $3.32 during trading hours on Thursday, hitting $133.05. 315,092 shares of the company's stock were exchanged, compared to its average volume of 1,540,811. The business's 50 day moving average is $129.58 and its 200-day moving average is $118.63. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The firm has a market capitalization of $15.67 billion, a P/E ratio of 46.05, a price-to-earnings-growth ratio of 2.61 and a beta of 1.96. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.02 and a current ratio of 1.01.

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

Insider Buying and Selling

In other XPO news, Director Allison Landry sold 3,250 shares of the company's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $135.04, for a total transaction of $438,880.00. Following the completion of the sale, the director directly owned 5,875 shares in the company, valued at $793,360. This represents a 35.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.90% of the stock is owned by corporate insiders.

XPO Company Profile

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.