Bryce Point Capital LLC Boosts Stock Holdings in XPO, Inc. (NYSE:XPO)

Key Points

• Bryce Point Capital LLC increased its stake in XPO, Inc. by 141.8% in Q1, making it the fund's 8th largest holding, valued at approximately $1,008,000.
• Several other institutional investors also raised their positions in XPO, with 97.73% of the stock now owned by hedge funds and other institutions.
• Analysts have mixed ratings on XPO, with price targets ranging from $116 to $150, and an overall average rating of "Moderate Buy."

Bryce Point Capital LLC lifted its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 141.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,215 shares of the transportation company's stock after acquiring an additional 5,404 shares during the quarter. XPO accounts for about 0.8% of Bryce Point Capital LLC's investment portfolio, making the stock its 8th biggest position. Bryce Point Capital LLC's holdings in XPO were worth $1,008,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of XPO. LPL Financial LLC increased its holdings in XPO by 57.3% in the fourth quarter. LPL Financial LLC now owns 74,250 shares of the transportation company's stock valued at $9,738,000 after buying an additional 27,034 shares during the last quarter. Renaissance Technologies LLC boosted its stake in XPO by 40.0% in the fourth quarter. Renaissance Technologies LLC now owns 237,420 shares of the transportation company's stock valued at $31,138,000 after acquiring an additional 67,800 shares during the period. Sowell Financial Services LLC acquired a new position in XPO in the first quarter valued at approximately $247,000. Allspring Global Investments Holdings LLC boosted its stake in XPO by 14.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 24,632 shares of the transportation company's stock valued at $2,689,000 after acquiring an additional 3,057 shares during the period. Finally, Invesco Ltd. boosted its stake in XPO by 29.6% in the fourth quarter. Invesco Ltd. now owns 1,863,278 shares of the transportation company's stock valued at $244,369,000 after acquiring an additional 425,678 shares during the period. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Down 8.9%

NYSE:XPO traded down $11.82 during trading hours on Thursday, hitting $120.47. 2,511,442 shares of the stock traded hands, compared to its average volume of 1,630,408. The firm has a 50 day moving average price of $125.45 and a 200 day moving average price of $120.59. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. XPO, Inc. has a fifty-two week low of $85.06 and a fifty-two week high of $161.00. The firm has a market cap of $14.19 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 2.60 and a beta of 1.93.

XPO (NYSE:XPO - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The transportation company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. XPO had a net margin of 4.87% and a return on equity of 28.27%. During the same period in the prior year, the firm earned $1.12 EPS. XPO's revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XPO. Barclays lifted their target price on XPO from $135.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Oppenheimer boosted their price objective on XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday, July 7th. Truist Financial boosted their price objective on XPO from $125.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. TD Cowen reduced their price objective on XPO from $136.00 to $133.00 and set a "buy" rating for the company in a research report on Friday, June 27th. Finally, Susquehanna boosted their price objective on XPO from $138.00 to $145.00 and gave the stock a "positive" rating in a research report on Wednesday, June 18th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, XPO presently has an average rating of "Moderate Buy" and a consensus price target of $141.16.

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.