XPO Sees Unusually High Options Volume (NYSE:XPO)

XPO, Inc. (NYSE:XPO) was the recipient of some unusual options trading on Tuesday. Traders acquired 5,663 put options on the stock. This is an increase of 341% compared to the average volume of 1,284 put options.

Hedge Funds Weigh In On XPO

A number of hedge funds have recently modified their holdings of the company. Gilman Hill Asset Management LLC raised its stake in shares of XPO by 11.9% in the fourth quarter. Gilman Hill Asset Management LLC now owns 46,015 shares of the transportation company’s stock valued at $6,254,000 after acquiring an additional 4,905 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in XPO by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,163 shares of the transportation company’s stock worth $2,197,000 after acquiring an additional 195 shares during the period. Oliver Luxxe Assets LLC grew its position in shares of XPO by 4.7% in the fourth quarter. Oliver Luxxe Assets LLC now owns 23,852 shares of the transportation company’s stock valued at $3,242,000 after purchasing an additional 1,064 shares during the period. GAMMA Investing LLC grew its position in shares of XPO by 20.0% in the fourth quarter. GAMMA Investing LLC now owns 2,574 shares of the transportation company’s stock valued at $350,000 after purchasing an additional 429 shares during the period. Finally, Tudor Investment Corp ET AL increased its stake in shares of XPO by 2.0% during the third quarter. Tudor Investment Corp ET AL now owns 30,828 shares of the transportation company’s stock worth $3,985,000 after purchasing an additional 604 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on XPO shares. Barclays raised their price target on shares of XPO from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Redburn Partners set a $156.00 price objective on XPO in a report on Wednesday, November 26th. Raymond James Financial increased their price target on shares of XPO from $132.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Stifel Nicolaus raised their price target on XPO from $149.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Finally, Rothschild Redb raised XPO to a “strong-buy” rating in a report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.29.

XPO Trading Up 0.9%

Shares of XPO stock traded up $1.29 during trading hours on Tuesday, hitting $147.42. 396,636 shares of the company’s stock traded hands, compared to its average volume of 1,133,758. XPO has a 12 month low of $85.06 and a 12 month high of $155.08. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.77. The stock has a market cap of $17.30 billion, a PE ratio of 53.09, a price-to-earnings-growth ratio of 2.40 and a beta of 2.02. The stock’s 50 day simple moving average is $140.14 and its 200 day simple moving average is $133.63.

XPO (NYSE:XPO) last announced its quarterly earnings data on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. XPO had a return on equity of 26.14% and a net margin of 4.13%.The business had revenue of ($2,243.00) million during the quarter. On average, sell-side analysts anticipate that XPO will post 4.15 EPS for the current year.

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.