Woodline Partners LP Acquires Shares of 47,580 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 purchased a new position in shares of XPO, Inc. (NYSE:XPO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 47,580 shares of the transportation company's stock, valued at approximately $5,119,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sowell Financial Services LLC acquired a new position in shares of XPO during the 1st quarter worth $247,000. Allspring Global Investments Holdings LLC grew its stake in shares of XPO by 14.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,632 shares of the transportation company's stock worth $2,689,000 after purchasing an additional 3,057 shares during the period. Teacher Retirement System of Texas grew its stake in shares of XPO by 50.9% during the 1st quarter. Teacher Retirement System of Texas now owns 21,454 shares of the transportation company's stock worth $2,308,000 after purchasing an additional 7,237 shares during the period. Vontobel Holding Ltd. grew its stake in shares of XPO by 88.0% during the 1st quarter. Vontobel Holding Ltd. now owns 3,719 shares of the transportation company's stock worth $400,000 after purchasing an additional 1,741 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of XPO by 57.0% during the 1st quarter. GAMMA Investing LLC now owns 1,782 shares of the transportation company's stock worth $192,000 after purchasing an additional 647 shares during the period. 97.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on XPO shares. TD Cowen lowered their price target on shares of XPO from $136.00 to $133.00 and set a "buy" rating on the stock in a research note on Friday, June 27th. Wells Fargo & Company upped their price target on shares of XPO from $144.00 to $147.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Benchmark increased their price objective on shares of XPO from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th. Bank of America increased their price objective on shares of XPO from $139.00 to $150.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $140.00 price objective (up from $135.00) on shares of XPO in a research note on Tuesday, June 10th. Nineteen 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, XPO presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

XPO Price Performance

Shares of NYSE XPO opened at $130.40 on Friday. The stock has a market cap of $15.36 billion, a price-to-earnings ratio of 45.12, a PEG ratio of 2.60 and a beta of 1.96. XPO, Inc. has a 52 week low of $85.06 and a 52 week high of $161.00. The company's 50-day moving average price is $129.48 and its 200 day moving average price is $118.40. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88.

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

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 3,250 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $135.04, for a total value of $438,880.00. Following the transaction, the director directly owned 5,875 shares in the company, valued at approximately $793,360. This represents a 35.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.90% of the company's stock.

XPO 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.

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