Uhlmann Price Securities LLC Acquires Shares of 2,900 XPO, Inc. $XPO

Uhlmann Price Securities LLC acquired a new stake in shares of XPO, Inc. (NYSE:XPO) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,900 shares of the transportation company’s stock, valued at approximately $540,000.

A number of other institutional investors also recently modified their holdings of the company. Capital World Investors grew its stake in shares of XPO by 7.3% in the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after purchasing an additional 735,450 shares during the last quarter. Invesco Ltd. raised its position in XPO by 19.8% during the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after purchasing an additional 1,036,434 shares during the last quarter. Durable Capital Partners LP lifted its holdings in XPO by 20.5% in the 3rd quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock worth $559,905,000 after buying an additional 736,224 shares during the period. Orbis Allan Gray Ltd lifted its holdings in XPO by 15.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock worth $496,423,000 after buying an additional 499,220 shares during the period. Finally, Clearbridge Investments LLC grew its position in shares of XPO by 9.7% in the 4th quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock worth $403,684,000 after buying an additional 261,935 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the transaction, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.87% of the company’s stock.

XPO Stock Performance

XPO stock opened at $199.56 on Friday. XPO, Inc. has a fifty-two week low of $116.68 and a fifty-two week high of $232.05. The stock’s 50 day simple moving average is $213.50 and its two-hundred day simple moving average is $185.87. 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 stock has a market cap of $23.43 billion, a price-to-earnings ratio of 68.34, a PEG ratio of 2.32 and a beta of 1.83.

XPO (NYSE:XPO) last announced its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, topping 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 return on equity of 26.21% and a net margin of 4.19%.The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 EPS. As a group, analysts expect that XPO, Inc. will post 4.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on XPO shares. Weiss Ratings raised XPO from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. TD Cowen raised their price target on XPO from $192.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. BMO Capital Markets lifted their price target on shares of XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. The Goldman Sachs Group reissued a “buy” rating and set a $220.00 price objective on shares of XPO in a research report on Thursday, April 30th. Finally, Benchmark upped their price objective on shares of XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.10.

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.