Pinnbrook Capital Management LP Buys 32,018 Shares of XPO, Inc. (NYSE:XPO)

Pinnbrook Capital Management LP lifted its stake in XPO, Inc. (NYSE:XPO - Free Report) by 46.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,003 shares of the transportation company's stock after purchasing an additional 32,018 shares during the period. XPO accounts for approximately 1.0% of Pinnbrook Capital Management LP's holdings, making the stock its 24th largest holding. Pinnbrook Capital Management LP owned about 0.09% of XPO worth $8,847,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in XPO. Rice Hall James & Associates LLC boosted its position in shares of XPO by 11.4% in the 1st quarter. Rice Hall James & Associates LLC now owns 333,227 shares of the transportation company's stock worth $24,259,000 after purchasing an additional 34,158 shares during the last quarter. Fairfield Bush & CO. bought a new position in shares of XPO in the 1st quarter worth $147,000. American Century Companies Inc. boosted its position in shares of XPO by 66.8% in the 1st quarter. American Century Companies Inc. now owns 7,070 shares of the transportation company's stock worth $515,000 after purchasing an additional 2,832 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of XPO by 14.2% in the 1st quarter. HighTower Advisors LLC now owns 8,968 shares of the transportation company's stock worth $654,000 after purchasing an additional 1,117 shares during the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of XPO in the 1st quarter worth $242,000. 97.73% of the stock is currently owned by institutional investors.

XPO Stock Up 0.4 %

Shares of NYSE:XPO traded up $0.47 during mid-day trading on Monday, hitting $128.64. 885,899 shares of the company traded hands, compared to its average volume of 1,332,964. The stock has a market cap of $14.96 billion, a P/E ratio of 79.90, a P/E/G ratio of 3.10 and a beta of 2.19. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63. XPO, Inc. has a 12-month low of $29.98 and a 12-month high of $130.51. The stock has a 50-day moving average price of $117.42 and a two-hundred day moving average price of $94.16.

XPO (NYSE:XPO - Get Free Report) last announced its earnings results on Wednesday, February 7th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.15. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.92 billion. XPO had a return on equity of 29.85% and a net margin of 2.44%. XPO's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 earnings per share. On average, equities research analysts forecast that XPO, Inc. will post 3.45 earnings per share for the current year.

Analyst Ratings Changes

XPO has been the topic of several research analyst reports. The Goldman Sachs Group raised their price objective on XPO from $98.00 to $126.00 and gave the stock a "buy" rating in a research note on Thursday, February 8th. Stifel Nicolaus raised their price objective on XPO from $77.00 to $87.00 and gave the stock a "hold" rating in a research note on Wednesday, January 10th. StockNews.com downgraded XPO from a "hold" rating to a "sell" rating in a research note on Thursday, December 28th. BMO Capital Markets lifted their price target on XPO from $100.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, February 8th. Finally, Bank of America lifted their price target on XPO from $132.00 to $137.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, XPO has an average rating of "Moderate Buy" and a consensus price target of $105.80.

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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