Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in XPO, Inc. $XPO

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in XPO, Inc. (NYSE:XPO) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 132,595 shares of the transportation company’s stock, valued at approximately $27,220,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.11% of XPO as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Elyxium Wealth LLC acquired a new position in shares of XPO during the fourth quarter worth approximately $28,000. Torren Management LLC acquired a new stake in XPO in the 4th quarter valued at $37,000. Horizon Investments LLC acquired a new stake in XPO in the 3rd quarter valued at $39,000. International Assets Investment Management LLC acquired a new stake in XPO in the 4th quarter valued at $41,000. Finally, EverSource Wealth Advisors LLC increased its stake in XPO by 35.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 2,400 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Christopher Michael Brown sold 3,750 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer owned 31,005 shares in the company, valued at approximately $6,261,149.70. This trade represents a 10.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,400 shares of company stock worth $1,526,502 in the last quarter. 0.87% of the stock is currently owned by company insiders.

XPO Stock Down 0.2%

Shares of NYSE XPO opened at $197.13 on Friday. XPO, Inc. has a one year low of $121.48 and a one year high of $232.05. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.01 and a quick ratio of 1.01. The business’s fifty day moving average price is $206.12 and its 200-day moving average price is $205.00. The stock has a market capitalization of $23.08 billion, a PE ratio of 58.15, a P/E/G ratio of 2.00 and a beta of 1.85.

XPO (NYSE:XPO) last released its quarterly earnings data 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 company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. XPO’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $1.05 EPS. On average, equities research analysts anticipate that XPO, Inc. will post 5.44 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Evercore raised XPO from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. Morgan Stanley set a $105.00 target price on shares of XPO and gave the stock an “underweight” rating in a research note on Friday, May 1st. Susquehanna increased their target price on shares of XPO from $212.00 to $214.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Citizens Jmp began coverage on shares of XPO in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Finally, Stephens upped their price objective on shares of XPO from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.