XPO, Inc. $XPO Shares Acquired by Hood River Capital Management LLC

Hood River Capital Management LLC grew its stake in XPO, Inc. (NYSE:XPO) by 26.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,008,621 shares of the transportation company’s stock after acquiring an additional 213,833 shares during the period. XPO comprises 1.8% of Hood River Capital Management LLC’s investment portfolio, making the stock its 12th biggest holding. Hood River Capital Management LLC’s holdings in XPO were worth $127,379,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Invesco Ltd. increased its holdings in XPO by 306.9% in the 2nd quarter. Invesco Ltd. now owns 5,231,447 shares of the transportation company’s stock valued at $660,679,000 after purchasing an additional 3,945,683 shares during the last quarter. Durable Capital Partners LP lifted its stake in XPO by 246.4% during the first quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company’s stock worth $215,730,000 after purchasing an additional 1,426,394 shares in the last quarter. Norges Bank purchased a new position in shares of XPO during the second quarter worth $168,840,000. Cooke & Bieler LP acquired a new stake in shares of XPO in the second quarter valued at $108,218,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of XPO by 854.2% in the 1st quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company’s stock valued at $59,335,000 after buying an additional 493,736 shares during the period. 97.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on XPO. UBS Group lifted their target price on XPO from $150.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Stifel Nicolaus set a $149.00 price target on shares of XPO in a research report on Friday, October 31st. Susquehanna reaffirmed a “positive” rating and set a $162.00 price objective on shares of XPO in a research report on Friday, October 31st. Morgan Stanley decreased their target price on XPO from $84.00 to $83.00 and set an “underweight” rating for the company in a report on Monday, October 6th. Finally, Rothschild & Co Redburn started coverage on XPO in a report on Wednesday, November 26th. They set a “buy” rating and a $156.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.45.

XPO Trading Up 1.3%

NYSE:XPO opened at $142.66 on Monday. The stock has a 50-day simple moving average of $133.72 and a 200-day simple moving average of $129.31. The stock has a market cap of $16.75 billion, a P/E ratio of 51.32, a P/E/G ratio of 2.83 and a beta of 2.03. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $161.00. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.02 and a current ratio of 1.02.

XPO (NYSE:XPO) last posted its earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. The firm had revenue of ($2,243.00) million during the quarter. XPO had a return on equity of 26.14% and a net margin of 4.13%. As a group, analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Allison Landry sold 3,250 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the sale, the director directly owned 5,875 shares of the company’s stock, valued at $793,360. The trade was a 35.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by corporate insiders.

XPO Company Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.