Maple Rock Capital Partners Inc. lifted its stake in shares of XPO, Inc. (NYSE:XPO – Free Report) by 10.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 352,702 shares of the transportation company’s stock after buying an additional 32,460 shares during the period. XPO comprises approximately 1.4% of Maple Rock Capital Partners Inc.’s investment portfolio, making the stock its 21st biggest position. Maple Rock Capital Partners Inc.’s holdings in XPO were worth $72,406,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of XPO in the second quarter valued at approximately $2,985,276,000. MFN Partners Management LP bought a new position in XPO in the 2nd quarter valued at approximately $2,026,148,865. Durable Capital Partners LP boosted its position in XPO by 79.3% during the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after buying an additional 1,589,759 shares during the period. Norges Bank acquired a new stake in XPO during the 4th quarter worth approximately $204,304,000. Finally, Bessemer Group Inc. grew its holdings in XPO by 115.9% during the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock worth $470,986,000 after acquiring an additional 1,299,480 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.
Insider Transactions at XPO
In related news, CAO Christopher Michael Brown sold 3,750 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the transaction, the chief accounting officer owned 31,005 shares in the company, valued at $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is currently owned by insiders.
XPO Stock Up 3.0%
XPO (NYSE:XPO – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the firm posted $1.05 EPS. The company’s quarterly revenue was up 13.2% on a year-over-year basis. Equities analysts predict that XPO, Inc. will post 5.44 EPS for the current year.
Analyst Ratings Changes
XPO has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. TD Cowen lifted their price target on shares of XPO from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Stifel Nicolaus increased their price objective on XPO from $237.00 to $241.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Susquehanna raised their target price on XPO from $212.00 to $214.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Finally, Evercore raised XPO from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, XPO has a consensus rating of “Moderate Buy” and a consensus price target of $225.86.
Get Our Latest Stock Analysis on XPO
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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