Freestone Grove Partners LP Buys Shares of 208,183 XPO, Inc. $XPO

Freestone Grove Partners LP purchased a new stake in shares of XPO, Inc. (NYSE:XPO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 208,183 shares of the transportation company’s stock, valued at approximately $42,738,000. Freestone Grove Partners LP owned about 0.18% of XPO at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Barclays upped their price target on shares of XPO from $195.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Evercore upgraded shares of XPO from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. UBS Group boosted their target price on shares of XPO from $236.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Bank of America boosted their target price on shares of XPO from $244.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Finally, Susquehanna increased their target price on XPO from $212.00 to $214.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $225.86.

Insider Transactions at XPO

In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of the stock in a transaction that occurred on 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 directly owned 31,005 shares in the company, valued at $6,261,149.70. This represents a 10.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is owned by corporate insiders.

XPO Trading Up 0.5%

Shares of XPO opened at $192.82 on Thursday. XPO, Inc. has a twelve month low of $121.48 and a twelve month high of $232.05. The stock has a market cap of $22.58 billion, a PE ratio of 56.88, a P/E/G 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. The business’s 50-day moving average price is $204.36 and its 200-day moving average price is $205.55.

XPO (NYSE:XPO) last released 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. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. XPO’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $1.05 earnings per share. On average, equities analysts forecast that XPO, Inc. will post 5.44 EPS for the current fiscal year.

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.