XPO, Inc. $XPO Shares Acquired by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab lifted its position in XPO, Inc. (NYSE:XPO) by 37.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 18,820 shares of the transportation company’s stock after buying an additional 5,100 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in XPO were worth $3,864,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of XPO. Invesco Ltd. boosted its holdings 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 acquiring an additional 1,036,434 shares during the period. Durable Capital Partners LP increased its stake in 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 purchasing an additional 736,224 shares during the period. Orbis Allan Gray Ltd lifted its position in shares of XPO by 15.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock worth $496,423,000 after purchasing an additional 499,220 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of XPO by 9.7% during the fourth quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock worth $403,684,000 after purchasing an additional 261,935 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of XPO by 115.9% in the first quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock valued at $470,986,000 after purchasing an additional 1,299,480 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Activity

In related news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were 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 in the company, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on XPO shares. Wells Fargo & Company lifted their price objective on shares of XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Citizens Jmp started coverage on shares of XPO in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Citigroup dropped their price target on shares of XPO from $226.00 to $221.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Zacks Research raised XPO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Finally, Stifel Nicolaus increased their price objective on XPO from $237.00 to $241.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.86.

XPO Stock Down 0.1%

Shares of NYSE:XPO opened at $202.39 on Monday. XPO, Inc. has a fifty-two week low of $117.98 and a fifty-two week high of $232.05. The firm’s 50 day moving average price is $209.09 and its 200 day moving average price is $201.43. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. The stock has a market cap of $23.70 billion, a price-to-earnings ratio of 59.70, a price-to-earnings-growth ratio of 2.06 and a beta of 1.85.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the previous year, the business posted $1.05 EPS. The firm’s revenue was up 13.2% on a year-over-year basis. As a group, equities research analysts predict that XPO, Inc. will post 5.44 earnings per share for the current fiscal year.

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.