Westfield Capital Management Co. LP Boosts Stock Holdings in XPO, Inc. $XPO

Westfield Capital Management Co. LP grew its position in shares of XPO, Inc. (NYSE:XPO) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 724,214 shares of the transportation company’s stock after acquiring an additional 29,500 shares during the quarter. Westfield Capital Management Co. LP’s holdings in XPO were worth $98,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of XPO. Amundi boosted its holdings in XPO by 50.7% during the 1st quarter. Amundi now owns 5,412 shares of the transportation company’s stock worth $582,000 after acquiring an additional 1,820 shares during the last quarter. AQR Capital Management LLC boosted its holdings in XPO by 7.6% during the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after acquiring an additional 1,243 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in XPO by 3.2% during the 1st quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after acquiring an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in XPO by 35.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after acquiring an additional 88 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in XPO during the 2nd quarter worth $611,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on XPO shares. Stifel Nicolaus set a $237.00 price objective on shares of XPO in a report on Friday, May 1st. Raymond James Financial reissued an “outperform” rating and issued a $233.00 price target on shares of XPO in a report on Friday, May 1st. Wells Fargo & Company boosted their price target on shares of XPO from $225.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. JPMorgan Chase & Co. boosted their price target on shares of XPO from $189.00 to $201.00 and gave the stock an “overweight” rating in a report on Tuesday, March 10th. Finally, Evercore set a $222.00 price target on shares of XPO in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, XPO has an average rating of “Moderate Buy” and a consensus price target of $216.24.

Insider Buying and Selling

In other XPO news, Director Allison Landry sold 2,400 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the sale, the director directly owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is currently owned by company insiders.

XPO Price Performance

NYSE XPO opened at $219.66 on Friday. The company has a market cap 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. XPO, Inc. has a 52 week low of $114.28 and a 52 week high of $231.46. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm’s 50-day simple moving average is $209.36 and its two-hundred day simple moving average is $179.86.

XPO (NYSE:XPO) last released 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 business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. Research analysts predict that XPO, Inc. will post 4.84 earnings per share for the current 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.