Man Group plc Acquires Shares of 77,013 XPO, Inc. $XPO

Man Group plc acquired a new position in shares of XPO, Inc. (NYSE:XPO) in the second quarter, HoldingsChannel.com reports. The fund acquired 77,013 shares of the transportation company’s stock, valued at approximately $15,810,000.

Other hedge funds also recently made changes to their positions in the company. Keating Financial Advisory Services Inc. purchased a new stake in shares of XPO in the second quarter valued at about $32,000. Elyxium Wealth LLC purchased a new position in XPO during the fourth quarter worth about $28,000. Torren Management LLC purchased a new position in XPO during the fourth quarter worth about $37,000. International Assets Investment Management LLC purchased a new position in XPO during the fourth quarter worth about $41,000. Finally, Horizon Investments LLC acquired a new stake in XPO in the third quarter valued at about $39,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Activity

In other news, CAO Christopher Michael Brown sold 3,750 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were 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 directly owned 31,005 shares of the company’s stock, valued at $6,261,149.70. The trade was a 10.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on XPO. Raymond James Financial reduced their price target on XPO from $233.00 to $225.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Stifel Nicolaus raised their target price on XPO from $237.00 to $241.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Weiss Ratings lowered shares of XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Wells Fargo & Company upped their price target on shares of XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Finally, TD Cowen raised their price objective on shares of XPO from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $225.86.

XPO Price Performance

XPO opened at $191.76 on Friday. XPO, Inc. has a 1 year low of $121.48 and a 1 year high of $232.05. The company’s 50 day simple moving average is $204.21 and its 200 day simple moving average is $205.47. The stock has a market capitalization of $22.45 billion, a PE ratio of 56.57, a P/E/G ratio of 1.95 and a beta of 1.85. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01.

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

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.