Saudi Central Bank Purchases Shares of 8,012 XPO, Inc. $XPO

Saudi Central Bank bought a new stake in XPO, Inc. (NYSE:XPO) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 8,012 shares of the transportation company’s stock, valued at approximately $1,645,000.

Several other institutional investors also recently bought and sold shares of XPO. Parallel Advisors LLC lifted its position in XPO by 13.2% in the first quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock valued at $82,000 after purchasing an additional 49 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in XPO by 19.1% during the 1st quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock valued at $73,000 after buying an additional 60 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in XPO by 13.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company’s stock valued at $68,000 after buying an additional 60 shares during the last quarter. Root Financial Partners LLC boosted its position in XPO by 21.1% during the 1st quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock valued at $70,000 after buying an additional 63 shares during the period. Finally, UMB Bank n.a. grew its holdings in XPO by 4.4% in the 4th quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company’s stock worth $202,000 after acquiring an additional 63 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at XPO

In related news, CAO Christopher Brown sold 3,750 shares of the company’s stock in a transaction that occurred on 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 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 filing with the SEC, which is available at this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

XPO Stock Performance

XPO stock opened at $189.97 on Wednesday. XPO, Inc. has a fifty-two week low of $121.48 and a fifty-two week high of $232.05. The stock’s 50 day simple moving average is $202.30 and its two-hundred day simple moving average is $204.92. 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 stock has a market cap of $22.24 billion, a price-to-earnings ratio of 56.04, a PEG ratio of 1.96 and a beta of 1.85.

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

Analyst Upgrades and Downgrades

XPO has been the subject of several recent analyst reports. Citigroup lowered their price objective on shares of XPO from $221.00 to $220.00 and set a “neutral” rating for the company in a research note on Tuesday. Citizens Jmp initiated coverage on XPO in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. BMO Capital Markets increased their price objective on XPO from $240.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. Bank of America cut their price objective on XPO from $248.00 to $228.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Weiss Ratings cut XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $224.95.

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.