Primecap Management Co. CA Takes $116.67 Million Position in XPO, Inc. $XPO

Primecap Management Co. CA purchased a new position in shares of XPO, Inc. (NYSE:XPO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 568,334 shares of the transportation company’s stock, valued at approximately $116,673,000. Primecap Management Co. CA owned about 0.49% of XPO at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC increased its stake in XPO by 13.2% in the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock valued at $82,000 after buying an additional 49 shares during the period. V Square Quantitative Management LLC lifted its stake in shares of XPO by 19.1% in the 1st quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock worth $73,000 after acquiring an additional 60 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of XPO by 13.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 60 shares in the last quarter. Root Financial Partners LLC boosted its holdings in shares of XPO by 21.1% in the first quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 63 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of XPO by 4.4% in the fourth quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company’s stock valued at $202,000 after acquiring an additional 63 shares in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Trading Up 0.2%

NYSE:XPO opened at $192.37 on Wednesday. The company has a market capitalization of $22.52 billion, a PE ratio of 56.75, a price-to-earnings-growth ratio of 1.95 and a beta of 1.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. XPO, Inc. has a 52-week low of $121.48 and a 52-week high of $232.05. The stock has a fifty day simple moving average of $204.54 and a 200-day simple moving average of $205.50.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on XPO shares. UBS Group increased their price target on shares of XPO from $236.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Weiss Ratings raised XPO from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. The Goldman Sachs Group reiterated a “buy” rating and set a $247.00 target price on shares of XPO in a research report on Thursday, July 30th. Stifel Nicolaus increased their target price on XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, Bank of America raised their price target on XPO from $244.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, XPO has a consensus rating of “Moderate Buy” and a consensus price target of $225.86.

Insider Activity

In other XPO 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 value of $757,275.00. Following the sale, the chief accounting officer owned 31,005 shares of the company’s stock, valued at $6,261,149.70. This represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Allison Landry sold 2,400 shares of the stock in a transaction that occurred 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 sale, the director owned 4,849 shares in the company, valued at $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,400 shares of company stock worth $1,526,502 in the last ninety days. Insiders own 0.87% of the company’s stock.

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.