Danske Bank A S Takes Position in XPO, Inc. $XPO

Danske Bank A S acquired a new position in shares of XPO, Inc. (NYSE:XPO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 39,500 shares of the transportation company’s stock, valued at approximately $8,109,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in XPO in the second quarter valued at approximately $2,985,276,000. Durable Capital Partners LP lifted its position in XPO by 79.3% in the second quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after purchasing an additional 1,589,759 shares during the period. Norges Bank purchased a new position in XPO in the fourth quarter worth $204,304,000. Bessemer Group Inc. boosted its holdings in XPO by 115.9% during the first quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock worth $470,986,000 after buying an additional 1,299,480 shares in the last quarter. Finally, Invesco Ltd. increased its stake in XPO by 19.8% in the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after purchasing an additional 1,036,434 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Price Performance

Shares of NYSE:XPO opened at $198.74 on Friday. 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, Inc. has a one year low of $121.48 and a one year high of $232.05. The company has a market capitalization of $23.27 billion, a PE ratio of 58.63, a price-to-earnings-growth ratio of 2.00 and a beta of 1.85. The stock has a fifty day moving average of $205.54 and a 200-day moving average of $204.95.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. The company 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%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 earnings per share. As a group, equities analysts anticipate that XPO, Inc. will post 5.44 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Christopher Michael Brown sold 3,750 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the transaction, the chief accounting officer directly owned 31,005 shares of the company’s stock, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $517,464.00. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,400 shares of company stock worth $1,526,502 in the last quarter. 0.87% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on XPO shares. UBS Group increased their price target on XPO from $236.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Barclays boosted their price objective on shares of XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. TD Cowen lifted their price target on shares of XPO from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. upped their price objective on XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Finally, Citigroup reduced their price target on shares of XPO from $226.00 to $221.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $225.86.

XPO Company 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.