OP Asset Management Ltd Takes $543,000 Position in XPO, Inc. $XPO

OP Asset Management Ltd acquired a new stake in XPO, Inc. (NYSE:XPO) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 2,792 shares of the transportation company’s stock, valued at approximately $543,000.

A number of other hedge funds also recently added to or reduced their stakes in XPO. Defined Wealth Management LLC purchased a new position in XPO during the 1st quarter valued at about $251,000. Fortem Financial Group LLC bought a new position in shares of XPO during the first quarter valued at approximately $266,000. Uhlmann Price Securities LLC purchased a new position in XPO during the first quarter valued at approximately $540,000. Rockefeller Capital Management L.P. increased its holdings in XPO by 9.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,507 shares of the transportation company’s stock valued at $341,000 after buying an additional 221 shares during the period. Finally, Corient Private Wealth LLC raised its stake in XPO by 15.8% in the fourth quarter. Corient Private Wealth LLC now owns 4,845 shares of the transportation company’s stock worth $658,000 after buying an additional 660 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the sale, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.87% of the stock is owned by company insiders.

XPO Stock Performance

Shares of XPO stock opened at $205.23 on Wednesday. The company has a 50 day moving average price of $211.61 and a 200 day moving average price of $189.12. The firm has a market capitalization of $24.10 billion, a P/E ratio of 70.28, a PEG ratio of 2.39 and a beta of 1.83. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. XPO, Inc. has a 52 week low of $116.68 and a 52 week high of $232.05.

XPO (NYSE:XPO) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the company posted $0.73 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Sell-side analysts expect that XPO, Inc. will post 4.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. The Goldman Sachs Group restated a “buy” rating and set a $220.00 target price on shares of XPO in a report on Thursday, April 30th. JPMorgan Chase & Co. lifted their target price on XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Oppenheimer boosted their target price on shares of XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Susquehanna increased their price target on shares of XPO from $210.00 to $212.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Finally, Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $218.10.

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.