Partners Group Holding AG Invests $7.27 Million in XPO, Inc. $XPO

Partners Group Holding AG acquired a new position in shares of XPO, Inc. (NYSE:XPO) during the 2nd quarter, Holdings Channel reports. The firm acquired 57,563 shares of the transportation company’s stock, valued at approximately $7,270,000.

Other institutional investors also recently modified their holdings of the company. RMG Wealth Management LLC acquired a new position in shares of XPO during the 2nd quarter worth about $26,000. SouthState Corp acquired a new position in shares of XPO during the 1st quarter worth about $25,000. FNY Investment Advisers LLC acquired a new position in XPO in the 2nd quarter valued at about $42,000. MassMutual Private Wealth & Trust FSB grew its stake in XPO by 46.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 351 shares of the transportation company’s stock valued at $44,000 after buying an additional 111 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in XPO by 58.7% in the 2nd quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock valued at $51,000 after buying an additional 149 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Stock Performance

NYSE XPO opened at $138.40 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. The company has a market capitalization of $16.30 billion, a P/E ratio of 47.89, a P/E/G ratio of 2.51 and a beta of 1.95. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The firm has a 50-day moving average price of $130.87 and a two-hundred day moving average price of $124.88.

XPO (NYSE:XPO) last posted its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. The firm had revenue of ($2,243.00) million during the quarter. XPO had a net margin of 4.32% and a return on equity of 26.48%. Analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on XPO shares. Cowen reiterated a “buy” rating on shares of XPO in a research note on Friday. Wells Fargo & Company upped their price target on shares of XPO from $144.00 to $147.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Raymond James Financial upped their price target on shares of XPO from $132.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of XPO in a research note on Wednesday, October 8th. Finally, Susquehanna reiterated a “positive” rating and issued a $162.00 price target on shares of XPO in a research note on Friday. Twenty equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.40.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 3,250 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the sale, the director owned 5,875 shares of the company’s stock, valued at $793,360. The trade was a 35.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.90% of the stock is owned by corporate insiders.

XPO 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.