Jag Capital Management LLC Takes Position in XPO, Inc. $XPO

Jag Capital Management LLC bought a new position in shares of XPO, Inc. (NYSE:XPO) in the 4th quarter, HoldingsChannel reports. The fund bought 4,455 shares of the transportation company’s stock, valued at approximately $605,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital World Investors increased its position in shares of XPO by 7.3% during the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after acquiring an additional 735,450 shares in the last quarter. Invesco Ltd. increased 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 acquiring an additional 1,036,434 shares in the last quarter. Durable Capital Partners LP increased its position in shares of XPO by 20.5% during the third quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock worth $559,905,000 after acquiring an additional 736,224 shares in the last quarter. Orbis Allan Gray Ltd increased its position in shares of XPO by 16.8% during the second quarter. Orbis Allan Gray Ltd now owns 3,150,052 shares of the transportation company’s stock worth $397,820,000 after acquiring an additional 452,891 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of XPO by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,178,896 shares of the transportation company’s stock worth $152,375,000 after acquiring an additional 5,815 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Trading Up 0.5%

NYSE:XPO opened at $201.47 on Wednesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $23.65 billion, a price-to-earnings ratio of 69.00, a price-to-earnings-growth ratio of 2.35 and a beta of 1.87. XPO, Inc. has a 52 week low of $110.78 and a 52 week high of $231.46. The firm has a 50-day moving average price of $203.41 and a two-hundred day moving average price of $173.62.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. The firm 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%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.73 EPS. On average, equities analysts expect that XPO, Inc. will post 4.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. BMO Capital Markets set a $230.00 target price on shares of XPO in a research report on Thursday, February 19th. Citigroup boosted their target price on shares of XPO from $207.00 to $221.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. boosted their target price on shares of XPO from $189.00 to $201.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 10th. Raymond James Financial reissued an “outperform” rating and set a $233.00 target price on shares of XPO in a research report on Friday, May 1st. Finally, Weiss Ratings raised shares of XPO from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $211.24.

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.