XPO, Inc. $XPO Shares Bought by Sigma Planning Corp

Sigma Planning Corp increased its holdings in shares of XPO, Inc. (NYSE:XPO) by 37.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 12,763 shares of the transportation company’s stock after buying an additional 3,489 shares during the period. Sigma Planning Corp’s holdings in XPO were worth $2,620,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in XPO. BlackRock Inc. bought a new stake in XPO in the 2nd quarter valued at about $2,985,276,000. MFN Partners Management LP bought a new stake in XPO during the 2nd quarter valued at $2,026,148,865. Invesco Ltd. grew its stake in shares of XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after purchasing an additional 1,036,434 shares in the last quarter. Durable Capital Partners LP lifted its holdings in XPO by 20.5% in 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. Finally, Orbis Allan Gray Ltd grew its position in XPO by 15.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock valued at $496,423,000 after buying an additional 499,220 shares in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XPO has been the subject of a number of research analyst reports. UBS Group upped their target price on XPO from $236.00 to $257.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Bank of America lifted their price objective on shares of XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. raised their price objective on XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Finally, Oppenheimer upped their target price on XPO from $236.00 to $238.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, XPO currently has an average rating of “Moderate Buy” and a consensus price target of $225.86.

XPO Price Performance

Shares of XPO stock opened at $194.30 on Tuesday. XPO, Inc. has a 1-year low of $121.48 and a 1-year high of $232.05. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $22.75 billion, a price-to-earnings ratio of 57.32, a PEG ratio of 1.91 and a beta of 1.85. The firm has a fifty day simple moving average of $203.86 and a 200-day simple moving average of $205.30.

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

Insiders Place Their Bets

In other news, CAO Christopher Michael Brown sold 3,750 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the sale, the chief accounting officer owned 31,005 shares in the company, valued at $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.87% of the stock is owned by company insiders.

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.