Findlay Park Partners LLP Buys Shares of 1,150,100 XPO, Inc. $XPO

Findlay Park Partners LLP purchased a new position in XPO, Inc. (NYSE:XPO) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,150,100 shares of the transportation company’s stock, valued at approximately $236,104,000. XPO comprises about 3.2% of Findlay Park Partners LLP’s holdings, making the stock its 5th largest holding. Findlay Park Partners LLP owned approximately 0.98% of XPO as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Elyxium Wealth LLC bought a new position in shares of XPO in the 4th quarter valued at approximately $28,000. Keating Financial Advisory Services Inc. acquired a new stake in XPO in the 2nd quarter worth approximately $32,000. Torren Management LLC acquired a new stake in XPO in the 4th quarter worth approximately $37,000. Horizon Investments LLC bought a new stake in XPO during the third quarter worth approximately $39,000. Finally, International Assets Investment Management LLC bought a new stake in XPO during the fourth quarter worth approximately $41,000. Institutional investors own 97.73% of the company’s stock.

Insider Buying and Selling at XPO

In other news, CAO Christopher Michael Brown sold 3,750 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the transaction, the chief accounting officer owned 31,005 shares of the company’s stock, valued at approximately $6,261,149.70. This represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,400 shares of company stock worth $1,526,502 over the last 90 days. Company insiders own 0.87% of the company’s stock.

XPO Stock Performance

XPO opened at $198.74 on Friday. 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’s 50 day moving average price is $205.54 and its two-hundred day moving average price is $204.95. The firm has a market capitalization of $23.27 billion, a P/E ratio of 58.63, a price-to-earnings-growth ratio of 2.01 and a beta of 1.85. XPO, Inc. has a 12-month low of $121.48 and a 12-month high of $232.05.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 earnings per share. On average, equities analysts forecast that XPO, Inc. will post 5.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

XPO has been the topic of a number of recent analyst reports. Evercore raised shares of XPO from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. 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. Stifel Nicolaus raised their target price on shares of XPO from $237.00 to $241.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Oppenheimer raised their target price on shares of XPO from $236.00 to $238.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.86.

XPO Company 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.