XPO, Inc. $XPO Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in XPO, Inc. (NYSE:XPO) by 80.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 538,066 shares of the transportation company’s stock after buying an additional 240,261 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in XPO were worth $110,460,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Amundi grew its holdings in shares of XPO by 50.7% during the first quarter. Amundi now owns 5,412 shares of the transportation company’s stock valued at $582,000 after buying an additional 1,820 shares during the last quarter. AQR Capital Management LLC raised its stake in XPO by 7.6% in the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after acquiring an additional 1,243 shares during the last quarter. NewEdge Advisors LLC raised its stake in XPO by 3.2% in the 1st quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after acquiring an additional 355 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in XPO by 35.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after acquiring an additional 88 shares during the period. Finally, Marshall Wace LLP acquired a new stake in XPO during the 2nd quarter worth about $611,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Price Performance

NYSE:XPO opened at $184.84 on Wednesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. The company has a 50 day moving average price of $203.57 and a 200-day moving average price of $205.18. XPO, Inc. has a 1-year low of $121.48 and a 1-year high of $232.05. The firm has a market cap of $21.64 billion, a price-to-earnings ratio of 54.53, a price-to-earnings-growth ratio of 1.97 and a beta of 1.85.

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

Insider Activity at XPO

In related news, CAO Christopher Michael Brown sold 3,750 shares of XPO stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on XPO. TD Cowen increased their price objective on XPO from $224.00 to $228.00 and gave the company a “buy” rating in a report on Friday, July 31st. JPMorgan Chase & Co. upped their target price on XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $247.00 price target on shares of XPO in a report on Thursday, July 30th. Susquehanna lifted their price objective on shares of XPO from $212.00 to $214.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings lowered shares of XPO from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.86.

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.