Man Group plc purchased a new stake in XPO, Inc. (NYSE:XPO – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 77,013 shares of the transportation company’s stock, valued at approximately $15,810,000. Man Group plc owned approximately 0.07% of XPO at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Keating Financial Advisory Services Inc. purchased a new stake in shares of XPO during the second quarter worth approximately $32,000. Elyxium Wealth LLC acquired a new stake in XPO in the fourth quarter valued at approximately $28,000. Torren Management LLC purchased a new position in XPO in the fourth quarter worth approximately $37,000. International Assets Investment Management LLC purchased a new position in XPO in the fourth quarter worth approximately $41,000. Finally, Horizon Investments LLC acquired a new position in XPO during the 3rd quarter worth approximately $39,000. 97.73% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have commented on XPO. Morgan Stanley set a $105.00 price objective on shares of XPO and gave the company an “underweight” rating in a research report on Friday, May 1st. Stifel Nicolaus boosted their target price on shares of XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Stephens boosted their target price on shares of XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Susquehanna increased their target price on XPO from $212.00 to $214.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Finally, BMO Capital Markets raised their price target on XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $225.86.
XPO Trading Down 0.4%
NYSE XPO opened at $191.76 on Friday. The firm’s fifty day moving average is $204.21 and its two-hundred day moving average is $205.47. XPO, Inc. has a one year low of $121.48 and a one year high of $232.05. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $22.45 billion, a PE ratio of 56.57, a P/E/G ratio of 1.95 and a beta of 1.85.
XPO (NYSE:XPO – Get Free Report) last announced its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. Analysts expect that XPO, Inc. will post 5.44 earnings per share for the current year.
Insider Buying and Selling
In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the sale, the chief accounting officer directly owned 31,005 shares of the company’s stock, valued at approximately $6,261,149.70. This trade represents a 10.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is currently owned by corporate insiders.
XPO Company Profile
XPO Logistics, Inc is a global provider of transportation and logistics services, offering a broad portfolio of solutions designed to optimize supply chains for businesses of all sizes. The company’s operations span freight brokerage, less-than-truckload (LTL) shipping, full truckload transportation, last-mile delivery, contract logistics and global forwarding. XPO aims to leverage advanced technology and operational expertise to drive efficiency, visibility and reliability across end-to-end supply-chain networks.
In its freight brokerage segment, XPO connects shippers to a network of carriers through digital platforms that facilitate rate comparisons, booking, tracking and settlement.
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