K.J. Harrison & Partners Inc Makes New Investment in XPO, Inc. $XPO

K.J. Harrison & Partners Inc bought a new position in shares of XPO, Inc. (NYSE:XPO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,000 shares of the transportation company’s stock, valued at approximately $4,927,000.

Several other institutional investors and hedge funds have also recently modified their holdings of XPO. BlackRock Inc. bought a new position in XPO in the second quarter worth approximately $2,985,276,000. Pallas Capital Advisors LLC purchased a new position in XPO during the 2nd quarter worth $411,000. Deutsche Bank AG purchased a new position in XPO during the 2nd quarter worth $56,761,000. Perigon Wealth Management LLC bought a new stake in XPO during the 2nd quarter valued at $253,000. Finally, Rice Hall James & Associates LLC bought a new stake in XPO during the 2nd quarter valued at $46,165,000. Institutional investors own 97.73% of the company’s stock.

Insider Transactions at XPO

In other news, CAO Christopher Michael Brown sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the sale, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. This trade represents a 10.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Allison Landry sold 2,400 shares of XPO stock in a transaction that occurred on 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 transaction, the director directly owned 4,849 shares in the company, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 7,400 shares of company stock valued at $1,526,502 over the last quarter. 0.87% of the stock is currently owned by corporate insiders.

XPO Stock Up 0.1%

Shares of NYSE XPO opened at $211.20 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $24.73 billion, a PE ratio of 62.30, a price-to-earnings-growth ratio of 2.14 and a beta of 1.85. The stock’s fifty day simple moving average is $207.62 and its two-hundred day simple moving average is $203.94. XPO, Inc. has a 12-month low of $121.48 and a 12-month high of $232.05.

XPO (NYSE:XPO) last released 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 return on equity of 29.64% and a net margin of 4.71%.The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 EPS. As a group, analysts expect that XPO, Inc. will post 5.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on XPO. Citizens Jmp started coverage on XPO in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. Jefferies Financial Group lifted their price objective on XPO to $275.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Morgan Stanley set a $105.00 price objective on shares of XPO and gave the stock an “underweight” rating in a research note on Friday, May 1st. Bank of America increased their target price on shares of XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Finally, BMO Capital Markets raised their target price on shares of XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.86.

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.