5,437 Shares in XPO, Inc. $XPO Purchased by Havemeyer Place LP

Havemeyer Place LP acquired a new position in XPO, Inc. (NYSE:XPO) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 5,437 shares of the transportation company’s stock, valued at approximately $739,000.

A number of other large investors have also modified their holdings of XPO. Durable Capital Partners LP increased its holdings in shares of XPO by 79.3% in the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after acquiring an additional 1,589,759 shares during the period. Norges Bank acquired a new stake in shares of XPO in the 4th quarter worth about $204,304,000. Bessemer Group Inc. increased its holdings in shares of XPO by 228,761.0% in the 4th quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock worth $152,411,000 after acquiring an additional 1,120,929 shares during the period. Invesco Ltd. increased its holdings in shares of XPO by 19.8% in the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after acquiring an additional 1,036,434 shares during the period. Finally, Capital World Investors increased its holdings in shares of XPO by 7.3% in the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after acquiring an additional 735,450 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Buying and Selling

In other XPO news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the transaction, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.87% of the company’s stock.

XPO Stock Up 2.7%

XPO stock opened at $224.85 on Tuesday. The stock has a market cap of $26.40 billion, a price-to-earnings ratio of 77.00, a PEG ratio of 2.55 and a beta of 1.83. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The company’s 50-day moving average price is $210.55 and its two-hundred day moving average price is $181.17. XPO, Inc. has a 52 week low of $116.68 and a 52 week high of $231.46.

XPO (NYSE:XPO) last released its earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.89 by $0.12. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. XPO’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $0.73 EPS. On average, analysts expect that XPO, Inc. will post 4.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on XPO. BMO Capital Markets increased their price objective on shares of XPO from $240.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday. Evercore set a $222.00 price objective on shares of XPO in a report on Friday, May 1st. Barclays increased 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. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $220.00 price objective on shares of XPO in a report on Thursday, April 30th. Finally, Morgan Stanley set a $105.00 target price on shares of XPO and gave the company an “underweight” rating in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, XPO has an average rating of “Moderate Buy” and a consensus target price of $217.38.

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.