Sigma Planning Corp lifted its position in XPO, Inc. (NYSE:XPO – Free Report) by 37.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,763 shares of the transportation company’s stock after purchasing an additional 3,489 shares during the quarter. Sigma Planning Corp’s holdings in XPO were worth $2,620,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in XPO. BlackRock Inc. purchased a new position in shares of XPO during the 2nd quarter worth $2,985,276,000. MFN Partners Management LP purchased a new position in XPO during the 2nd quarter valued at about $2,026,148,865. Invesco Ltd. lifted its position in shares of XPO by 19.8% during the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after purchasing an additional 1,036,434 shares in the last quarter. Durable Capital Partners LP grew its holdings in shares of XPO by 20.5% in the third quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock valued at $559,905,000 after purchasing an additional 736,224 shares in the last quarter. Finally, Orbis Allan Gray Ltd lifted its holdings in XPO by 15.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock worth $496,423,000 after buying an additional 499,220 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. Citizens Jmp started coverage on XPO in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. TD Cowen raised their price objective on shares of XPO from $224.00 to $228.00 and gave the company a “buy” rating in a report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $247.00 price target on shares of XPO in a report on Thursday, July 30th. UBS Group upped their price objective on XPO from $236.00 to $257.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Bank of America increased their price objective on XPO from $244.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $225.86.
XPO Trading Up 3.0%
NYSE:XPO opened at $194.30 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. The firm has a market cap of $22.75 billion, a P/E ratio of 57.32, a PEG ratio of 1.91 and a beta of 1.85. The stock’s 50 day simple moving average is $203.86 and its 200-day simple moving average is $205.30. XPO, Inc. has a 12-month low of $121.48 and a 12-month high of $232.05.
XPO (NYSE:XPO – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Equities analysts anticipate that XPO, Inc. will post 5.44 EPS for the current year.
Insider Activity
In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is owned by company insiders.
XPO 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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