Geode Capital Management LLC Acquires 22,614 Shares of XPO, Inc. $XPO

Geode Capital Management LLC raised its holdings in shares of XPO, Inc. (NYSE:XPO) by 1.1% in the 4th quarter, Holdings Channel reports. The firm owned 2,117,422 shares of the transportation company’s stock after purchasing an additional 22,614 shares during the quarter. Geode Capital Management LLC’s holdings in XPO were worth $287,841,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Shields Capital Management LLC bought a new stake in shares of XPO in the fourth quarter valued at about $95,000. Wellington Shields & Co. LLC bought a new stake in shares of XPO in the fourth quarter valued at about $136,000. Clearstead Advisors LLC raised its holdings in shares of XPO by 142.0% in the fourth quarter. Clearstead Advisors LLC now owns 484 shares of the transportation company’s stock valued at $66,000 after acquiring an additional 284 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of XPO by 136.0% in the fourth quarter. Hantz Financial Services Inc. now owns 4,208 shares of the transportation company’s stock valued at $572,000 after acquiring an additional 2,425 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in shares of XPO by 7.1% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,609 shares of the transportation company’s stock valued at $355,000 after acquiring an additional 172 shares in the last quarter. 97.73% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Allison Landry sold 2,400 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the transaction, 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. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by company insiders.

XPO Stock Performance

Shares of XPO stock opened at $220.59 on Tuesday. The company has a market capitalization of $25.90 billion, a PE ratio of 75.54, a P/E/G ratio of 2.51 and a beta of 1.83. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50-day simple moving average of $207.31 and a two-hundred day simple moving average of $178.13. XPO, Inc. has a one year low of $110.78 and a one year high of $231.46.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. Research analysts expect that XPO, Inc. will post 4.84 EPS for the current fiscal year.

Analysts Set New Price Targets

XPO has been the subject of several recent research reports. The Goldman Sachs Group restated a “buy” rating and issued a $220.00 price objective on shares of XPO in a report on Thursday, April 30th. Stifel Nicolaus set a $237.00 price objective on XPO in a report on Friday, May 1st. Wells Fargo & Company lifted their price objective on XPO from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Benchmark lifted their price objective on XPO from $220.00 to $240.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Susquehanna downgraded XPO from a “positive” rating to a “neutral” rating and lifted their price objective for the company from $160.00 to $210.00 in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $211.24.

About XPO

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.