Westfield Capital Management Co. LP increased its holdings in shares of XPO, Inc. (NYSE:XPO – Free Report) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 724,214 shares of the transportation company’s stock after buying an additional 29,500 shares during the period. Westfield Capital Management Co. LP owned about 0.62% of XPO worth $98,428,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp raised its holdings in XPO by 100.0% during the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Elyxium Wealth LLC bought a new position in XPO during the 4th quarter worth approximately $28,000. Torren Management LLC bought a new position in XPO during the 4th quarter worth approximately $37,000. Horizon Investments LLC bought a new position in XPO during the 3rd quarter worth approximately $39,000. Finally, International Assets Investment Management LLC bought a new position in XPO during the 4th quarter worth approximately $41,000. Institutional investors own 97.73% of the company’s stock.
Analyst Upgrades and Downgrades
XPO has been the subject of several research analyst reports. Benchmark lifted their price objective on shares of XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Morgan Stanley set a $105.00 price objective on shares of XPO and gave the company an “underweight” rating in a research note on Friday, May 1st. Bank of America lifted their price objective on shares of XPO from $244.00 to $246.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus set a $237.00 price objective on shares of XPO in a research note on Friday, May 1st. Finally, Truist Financial set a $240.00 price objective on shares of XPO in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, XPO presently has a consensus rating of “Moderate Buy” and a consensus price target of $216.24.
XPO Stock Performance
Shares of XPO stock opened at $219.66 on Friday. The firm has a market capitalization of $25.79 billion, a PE ratio of 75.23, a price-to-earnings-growth ratio of 2.56 and a beta of 1.83. The firm has a fifty day simple moving average of $209.36 and a two-hundred day simple moving average of $179.86. 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, Inc. has a 12 month low of $114.28 and a 12 month high of $231.46.
XPO (NYSE:XPO – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. XPO’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 EPS. Analysts forecast that XPO, Inc. will post 4.84 EPS for the current fiscal year.
Insider Buying and Selling
In other XPO news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the sale, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.87% of the company’s stock.
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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