Hawk Ridge Capital Management LP Purchases 39,500 Shares of XPO, Inc. $XPO

Key Points

• Hawk Ridge Capital Management LP increased its stake in XPO, Inc. by 15.8% in the first quarter, owning 289,588 shares after purchasing 39,500 additional shares.
• XPO reported a quarterly earnings per share of $1.05, beating expectations, with revenue reaching $2.08 billion during the quarter.
• A majority of analysts maintain a "Moderate Buy" rating on XPO, with an average target price of $138.00, reflecting positive expectations for the company's financial performance.

Hawk Ridge Capital Management LP lifted its stake in shares of XPO, Inc. (NYSE:XPO - Free Report) by 15.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 289,588 shares of the transportation company's stock after purchasing an additional 39,500 shares during the quarter. XPO accounts for 1.5% of Hawk Ridge Capital Management LP's holdings, making the stock its 25th biggest holding. Hawk Ridge Capital Management LP owned approximately 0.25% of XPO worth $31,154,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Boothbay Fund Management LLC acquired a new stake in XPO during the first quarter worth about $7,256,000. AQR Capital Management LLC boosted its position in shares of XPO by 7.6% during the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company's stock worth $1,856,000 after acquiring an additional 1,243 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of XPO by 67.7% during the 1st quarter. Advisors Asset Management Inc. now owns 8,986 shares of the transportation company's stock worth $967,000 after acquiring an additional 3,628 shares in the last quarter. Amundi increased its stake in XPO by 50.7% in the first quarter. Amundi now owns 5,412 shares of the transportation company's stock valued at $582,000 after acquiring an additional 1,820 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new position in XPO during the first quarter valued at approximately $9,938,000. Institutional investors and hedge funds own 97.73% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on XPO. Stifel Nicolaus reduced their target price on XPO from $145.00 to $136.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Stephens reaffirmed an "overweight" rating and issued a $131.00 price objective on shares of XPO in a research note on Thursday, June 5th. Barclays lifted their target price on XPO from $135.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. UBS Group increased their target price on shares of XPO from $123.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Bank of America lifted their price target on shares of XPO from $139.00 to $150.00 and gave the company a "buy" rating in a report on Monday, July 7th. Nineteen investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

XPO Trading Down 0.0%

NYSE XPO traded down $0.04 during trading hours on Friday, reaching $130.79. The company's stock had a trading volume of 924,781 shares, compared to its average volume of 1,120,888. The firm has a fifty day simple moving average of $129.38 and a 200-day simple moving average of $118.14. 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 52 week low of $85.06 and a 52 week high of $161.00. The stock has a market cap of $15.40 billion, a P/E ratio of 45.26, a P/E/G ratio of 2.53 and a beta of 1.96.

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