Jag Capital Management LLC purchased a new position in shares of XPO, Inc. (NYSE:XPO – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,455 shares of the transportation company’s stock, valued at approximately $605,000.
A number of other hedge funds also recently modified their holdings of the business. Handelsbanken Fonder AB lifted its holdings in shares of XPO by 12.6% during the fourth quarter. Handelsbanken Fonder AB now owns 33,900 shares of the transportation company’s stock worth $4,607,000 after purchasing an additional 3,800 shares during the period. HighTower Advisors LLC lifted its holdings in XPO by 1.2% in the fourth quarter. HighTower Advisors LLC now owns 10,408 shares of the transportation company’s stock valued at $1,415,000 after buying an additional 120 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in XPO by 2.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 12,254 shares of the transportation company’s stock valued at $1,665,000 after buying an additional 308 shares during the period. North Dakota State Investment Board acquired a new position in XPO in the fourth quarter valued at $549,000. Finally, Elyxium Wealth LLC acquired a new position in XPO in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 97.73% of the company’s stock.
Analyst Ratings Changes
Several research firms recently issued reports on XPO. TD Cowen boosted their target price on shares of XPO from $192.00 to $224.00 and gave the company a “buy” rating in a report on Friday, May 1st. Wells Fargo & Company boosted their target price on shares of XPO from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Evercore set a $222.00 target price on shares of XPO in a report on Friday, May 1st. BMO Capital Markets set a $230.00 target price on shares of XPO in a report on Thursday, February 19th. Finally, Truist Financial set a $240.00 target price on shares of XPO in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.24.
XPO Price Performance
Shares of NYSE XPO opened at $201.47 on Wednesday. The firm’s 50-day moving average price is $203.41 and its 200-day moving average price is $173.62. XPO, Inc. has a 1-year low of $110.78 and a 1-year high of $231.46. The firm has a market capitalization of $23.65 billion, a P/E ratio of 69.00, a P/E/G ratio of 2.35 and a beta of 1.87. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71.
XPO (NYSE:XPO – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts anticipate that XPO, Inc. will post 4.84 earnings per share for the current fiscal year.
About XPO
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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