XPO, Inc. $XPO is Empirical Capital Management LLC's 8th Largest Position

Key Points

• Empirical Capital Management LLC increased its stake in XPO, Inc. by 30.4%, making it the firm's 8th largest position in its portfolio, with 73,000 shares valued at approximately $7.85 million.
• Recently, multiple analysts upgraded their ratings for XPO, with Oppenheimer raising its price target to $150 and nineteen analysts currently rating the stock as a "Buy".
• XPO reported a quarterly earnings of $1.05 EPS, surpassing estimates, and had a revenue of $2.08 billion, showing a year-over-year growth.

Empirical Capital Management LLC boosted its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 30.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,000 shares of the transportation company's stock after acquiring an additional 17,000 shares during the period. XPO accounts for 5.6% of Empirical Capital Management LLC's portfolio, making the stock its 8th largest holding. Empirical Capital Management LLC owned approximately 0.06% of XPO worth $7,853,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. United Services Automobile Association purchased a new position in shares of XPO in the 1st quarter worth $811,000. Aristeia Capital L.L.C. boosted its stake in shares of XPO by 128.4% during the 1st quarter. Aristeia Capital L.L.C. now owns 5,739 shares of the transportation company's stock worth $617,000 after purchasing an additional 3,226 shares during the period. Challenger Wealth Management purchased a new position in shares of XPO during the 1st quarter worth about $250,000. Teza Capital Management LLC purchased a new position in shares of XPO during the 1st quarter worth about $415,000. Finally, Paradoxiom Capital L.P. purchased a new position in shares of XPO during the 1st quarter worth about $3,952,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XPO has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of XPO from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Oppenheimer lifted their price objective on shares of XPO from $126.00 to $150.00 and gave the company an "outperform" rating in a report on Monday, July 7th. Stifel Nicolaus reduced their price target on shares of XPO from $145.00 to $136.00 and set a "buy" rating for the company in a report on Friday, August 1st. Stephens restated an "overweight" rating and issued a $131.00 price target on shares of XPO in a report on Thursday, June 5th. Finally, Barclays boosted their price target on shares of XPO from $135.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Nineteen research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $138.00.

XPO Stock Down 0.0%

NYSE:XPO opened at $130.79 on Monday. The company has a market cap of $15.40 billion, a PE ratio of 45.26, a P/E/G ratio of 2.53 and a beta of 1.96. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 1.88. The company's 50 day moving average is $129.38 and its two-hundred day moving average is $118.04.

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

About XPO

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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