Parallax Volatility Advisers L.P. Buys New Shares in XPO, Inc. $XPO

Parallax Volatility Advisers L.P. purchased a new stake in XPO, Inc. (NYSE:XPO) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,241 shares of the transportation company’s stock, valued at approximately $1,487,000.

Several other hedge funds and other institutional investors have also made changes to their positions in XPO. Keating Financial Advisory Services Inc. purchased a new stake in shares of XPO during the second quarter worth approximately $32,000. Elyxium Wealth LLC acquired a new stake in XPO in the fourth quarter valued at approximately $28,000. Torren Management LLC purchased a new position in XPO in the fourth quarter worth approximately $37,000. International Assets Investment Management LLC purchased a new position in XPO in the fourth quarter worth approximately $41,000. Finally, Horizon Investments LLC acquired a new position in XPO during the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on XPO. Wells Fargo & Company increased their price objective on shares of XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Stephens boosted their target price on shares of XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. BMO Capital Markets raised their price target on XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. Stifel Nicolaus upped their price objective on XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Finally, Bank of America raised their target price on XPO from $244.00 to $246.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $225.86.

Insider Transactions at XPO

In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of the 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 transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at $6,261,149.70. This represents a 10.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.87% of the stock is owned by corporate insiders.

XPO Stock Performance

Shares of XPO stock opened at $192.82 on Thursday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $22.58 billion, a price-to-earnings ratio of 56.88, a price-to-earnings-growth ratio of 1.95 and a beta of 1.85. XPO, Inc. has a one year low of $121.48 and a one year high of $232.05. The company has a 50 day moving average price of $204.36 and a 200 day moving average price of $205.55.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.22. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 EPS. Sell-side analysts anticipate that XPO, Inc. will post 5.44 EPS for the current year.

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.