XPO, Inc. (NYSE:XPO) Short Interest Up 325,900.0% in July

Key Points

• XPO, Inc. experienced a remarkable 325,900.0% increase in short interest in July, totaling 8,150,000 shares, compared to only 2,500 shares at the end of June.
• The company's stock is currently priced at $120.02, reflecting a 0.2% decrease, with a market cap of $14.14 billion and a PE ratio of 36.89.
• XPO's latest earnings report revealed $1.05 earnings per share, exceeding expectations, and revenue of $2.08 billion, marking a year-over-year increase.

XPO, Inc. (NYSE:XPO - Get Free Report) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 8,150,000 shares, anincreaseof325,900.0% from the June 30th total of 2,500 shares. Based on an average daily trading volume, of 1,530,000 shares, the days-to-cover ratio is currently 5.3 days. Based on an average daily trading volume, of 1,530,000 shares, the days-to-cover ratio is currently 5.3 days.

XPO Trading Down 0.5%

NYSE:XPO traded down $0.63 during midday trading on Tuesday, hitting $118.86. 396,458 shares of the company traded hands, compared to its average volume of 1,631,894. 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 firm's fifty day moving average is $125.56 and its 200-day moving average is $120.01. XPO has a 12-month low of $85.06 and a 12-month high of $161.00. The firm has a market capitalization of $14.00 billion, a P/E ratio of 41.11, a P/E/G ratio of 2.33 and a beta of 1.97.

XPO (NYSE:XPO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The transportation company reported $1.05 earnings per share 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 company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the company earned $1.12 earnings per share. The firm's revenue for the quarter was up .0% compared to the same quarter last year. On average, sell-side analysts predict that XPO will post 4.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on XPO shares. Oppenheimer increased their price target on shares of XPO from $126.00 to $150.00 and gave the stock an "outperform" rating in a report on Monday, July 7th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $140.00 target price (up from $135.00) on shares of XPO in a research note on Tuesday, June 10th. Susquehanna raised their target price on shares of XPO from $138.00 to $145.00 and gave the company a "positive" rating in a research note on Wednesday, June 18th. Morgan Stanley lowered their target price on shares of XPO from $85.00 to $84.00 and set an "underweight" rating on the stock in a research note on Friday. Finally, Bank of America raised their target price on shares of XPO from $139.00 to $150.00 and gave the company a "buy" rating in a research note on Monday, July 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

Institutional Investors Weigh In On XPO

Several institutional investors have recently added to or reduced their stakes in XPO. Capital Research Global Investors lifted its holdings in shares of XPO by 18.5% during the fourth quarter. Capital Research Global Investors now owns 13,641,962 shares of the transportation company's stock worth $1,789,171,000 after purchasing an additional 2,125,686 shares during the period. Capital World Investors raised its position in XPO by 26.1% during the fourth quarter. Capital World Investors now owns 7,753,883 shares of the transportation company's stock valued at $1,016,923,000 after acquiring an additional 1,605,001 shares in the last quarter. FMR LLC raised its position in XPO by 3.6% during the fourth quarter. FMR LLC now owns 2,606,265 shares of the transportation company's stock valued at $341,812,000 after acquiring an additional 91,252 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in XPO by 17.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company's stock valued at $223,052,000 after acquiring an additional 306,928 shares in the last quarter. Finally, Durable Capital Partners LP raised its position in XPO by 246.4% during the first quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company's stock valued at $215,730,000 after acquiring an additional 1,426,394 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company's stock.

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.