XPO, Inc. $XPO Shares Bought by Algert Global LLC

Key Points

• Algert Global LLC increased its holdings in XPO, Inc. by 33.8% in Q1, owning 63,318 shares worth approximately $6.81 million as of its latest SEC filing.
• XPO reported earnings of $1.05 EPS for the last quarter, surpassing analysts' estimates of $0.99, with revenue reaching $2.08 billion.
• The company currently holds a market capitalization of $15.01 billion with a P/E ratio of 44.11 and has seen significant recent activity from institutional investors, owning approximately 97.73% of its stock.

Algert Global LLC grew its holdings in shares of XPO, Inc. (NYSE:XPO - Free Report) by 33.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 63,318 shares of the transportation company's stock after acquiring an additional 15,990 shares during the quarter. Algert Global LLC owned about 0.05% of XPO worth $6,812,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in XPO. Townsquare Capital LLC boosted its position in XPO by 7.5% during the 4th quarter. Townsquare Capital LLC now owns 2,320 shares of the transportation company's stock worth $304,000 after acquiring an additional 162 shares during the period. Mariner LLC raised its stake in shares of XPO by 3.1% in the 4th quarter. Mariner LLC now owns 12,928 shares of the transportation company's stock worth $1,696,000 after buying an additional 390 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of XPO by 22.7% in the 4th quarter. NewEdge Advisors LLC now owns 11,061 shares of the transportation company's stock worth $1,451,000 after buying an additional 2,043 shares in the last quarter. Capital World Investors raised its stake in shares of XPO by 26.1% in the 4th quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock worth $1,016,923,000 after buying an additional 1,605,001 shares in the last quarter. Finally, Ostrum Asset Management raised its stake in shares of XPO by 130.7% in the 4th quarter. Ostrum Asset Management now owns 9,045 shares of the transportation company's stock worth $1,186,000 after buying an additional 5,125 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

XPO Stock Performance

Shares of NYSE XPO opened at $127.49 on Monday. The business's 50-day moving average price is $126.95 and its two-hundred day moving average price is $119.13. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.01 and a quick ratio of 1.02. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The company has a market capitalization of $15.01 billion, a P/E ratio of 44.11, a price-to-earnings-growth ratio of 2.46 and a beta of 1.97.

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group boosted their price objective on XPO from $123.00 to $150.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Evercore ISI boosted their price objective on XPO from $115.00 to $116.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Morgan Stanley dropped their price objective on XPO from $85.00 to $84.00 and set an "underweight" rating on the stock in a research note on Friday, August 1st. Stifel Nicolaus cut their target price on XPO from $145.00 to $136.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Finally, Oppenheimer boosted their target price on XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $138.00.

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.

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