Odyssean LLC Acquires Shares of 5,369 XPO, Inc. $XPO

Odyssean LLC acquired a new stake in XPO, Inc. (NYSE:XPO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,369 shares of the transportation company’s stock, valued at approximately $1,102,000.

A number of other large investors have also added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of XPO in the second quarter valued at $2,985,276,000. MFN Partners Management LP acquired a new stake in shares of XPO during the 2nd quarter worth about $2,026,148,865,000. Invesco Ltd. lifted its stake in shares of XPO by 19.8% during the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after buying an additional 1,036,434 shares during the last quarter. Durable Capital Partners LP boosted its holdings in shares of XPO by 20.5% during the 3rd quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock worth $559,905,000 after buying an additional 736,224 shares during the period. Finally, Orbis Allan Gray Ltd boosted its holdings in shares of XPO by 15.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock worth $496,423,000 after buying an additional 499,220 shares during the period. Institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on XPO shares. UBS Group lifted their target price on XPO from $236.00 to $257.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Raymond James Financial decreased their price target on shares of XPO from $233.00 to $225.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. JPMorgan Chase & Co. raised their price target on shares of XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Benchmark lifted their price objective on shares of XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Susquehanna boosted their price objective on shares of XPO from $212.00 to $214.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $225.86.

XPO Stock Performance

XPO opened at $192.82 on Thursday. The firm has a market cap of $22.58 billion, a P/E ratio of 56.88, a price-to-earnings-growth ratio of 1.95 and a beta of 1.85. XPO, Inc. has a 52-week low of $121.48 and a 52-week high of $232.05. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. The business’s fifty day moving average is $204.36 and its 200-day moving average is $205.55.

XPO (NYSE:XPO) last posted its quarterly earnings results 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 return on equity of 29.64% and a net margin of 4.71%.The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. XPO’s revenue for the quarter was up 13.2% compared to the same quarter last year. Sell-side analysts expect that XPO, Inc. will post 5.44 EPS for the current fiscal year.

Insider Buying and Selling at XPO

In related news, CAO Christopher Michael Brown sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was 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 of the company’s stock, valued at $6,261,149.70. This trade represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.87% of the stock is currently owned by corporate insiders.

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.