XPO, Inc. $XPO Shares Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. increased its position in shares of XPO, Inc. (NYSE:XPO) by 33.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,037 shares of the transportation company’s stock after acquiring an additional 2,538 shares during the quarter. Fox Run Management L.L.C.’s holdings in XPO were worth $1,364,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 buying an additional 1,589,759 shares during the last quarter. Norges Bank acquired a new position in XPO in the fourth quarter valued at about $204,304,000. Bessemer Group Inc. lifted its position in XPO by 228,761.0% in the fourth quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock valued at $152,411,000 after buying an additional 1,120,929 shares during the last quarter. Invesco Ltd. lifted its position in XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after buying an additional 1,036,434 shares during the last quarter. Finally, Capital World Investors lifted its position in XPO by 7.3% in the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock valued at $1,403,973,000 after buying an additional 735,450 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

XPO has been the topic of a number of recent analyst reports. Oppenheimer upped their target price on shares of XPO from $228.00 to $236.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. BMO Capital Markets upped 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. Morgan Stanley set a $105.00 target price on shares of XPO and gave the company an “underweight” rating in a research report on Friday, May 1st. TD Cowen upped their target price on shares of XPO from $192.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Susquehanna upped their target price on shares of XPO from $210.00 to $212.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Two 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 given a Sell rating to the stock. According to data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.38.

Insider Buying and Selling

In other XPO news, Director Allison Landry sold 2,400 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the transaction, the director directly owned 4,849 shares in the company, valued at $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.87% of the stock is owned by corporate insiders.

XPO Stock Up 1.3%

Shares of NYSE:XPO opened at $227.65 on Wednesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $26.73 billion, a PE ratio of 77.96, a price-to-earnings-growth ratio of 2.61 and a beta of 1.83. The firm’s 50-day moving average is $211.32 and its two-hundred day moving average is $181.88. XPO, Inc. has a 1 year low of $116.68 and a 1 year high of $232.00.

XPO (NYSE:XPO) last released its earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the firm earned $0.73 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Analysts predict that XPO, Inc. will post 4.84 EPS for the current year.

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.