XPO, Inc. $XPO Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its position in XPO, Inc. (NYSE:XPO) by 24.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 18,300 shares of the transportation company’s stock after acquiring an additional 3,566 shares during the period. Y Intercept Hong Kong Ltd’s holdings in XPO were worth $3,560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Durable Capital Partners LP increased its stake in XPO by 79.3% during the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after purchasing an additional 1,589,759 shares during the last quarter. Norges Bank acquired a new stake in XPO during the fourth quarter worth about $204,304,000. Bessemer Group Inc. lifted its holdings in XPO by 228,761.0% in the fourth quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock worth $152,411,000 after acquiring an additional 1,120,929 shares during the last quarter. Invesco Ltd. boosted its stake in XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after acquiring an additional 1,036,434 shares during the period. Finally, Capital World Investors grew its holdings 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 valued at $1,403,973,000 after purchasing an additional 735,450 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.

XPO Price Performance

NYSE:XPO traded down $3.58 during midday trading on Tuesday, hitting $203.21. 167,277 shares of the stock were exchanged, compared to its average volume of 1,641,017. The company has a market capitalization of $23.86 billion, a price-to-earnings ratio of 69.59, a P/E/G ratio of 2.39 and a beta of 1.85. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. XPO, Inc. has a one year low of $116.68 and a one year high of $232.05. The business has a 50-day moving average price of $210.12 and a two-hundred day moving average price of $190.76.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts predict that XPO, Inc. will post 4.87 EPS for the current year.

Wall Street Analysts Forecast Growth

XPO has been the subject of a number of recent research reports. Oppenheimer upped their price objective on XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Citigroup lifted their price objective on shares of XPO from $221.00 to $236.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Stifel Nicolaus set a $237.00 target price on shares of XPO in a research report on Friday, May 1st. Jefferies Financial Group raised their price target on shares of XPO to $275.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $220.33.

Insider Transactions at XPO

In other news, Director Allison Landry sold 2,400 shares of the 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 sale, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. This represents a 33.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.87% of the company’s stock.

XPO 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.