63,583 Shares in XPO, Inc. $XPO Bought by Nicholas Investment Partners LP

Nicholas Investment Partners LP purchased a new stake in shares of XPO, Inc. (NYSE:XPO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 63,583 shares of the transportation company’s stock, valued at approximately $13,053,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XPO. Parallel Advisors LLC boosted its stake in shares of XPO by 13.2% during the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock worth $82,000 after acquiring an additional 49 shares in the last quarter. V Square Quantitative Management LLC grew its position in shares of XPO by 19.1% during the 1st quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 60 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of XPO by 13.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 60 shares in the last quarter. Root Financial Partners LLC increased its stake in shares of XPO by 21.1% in the 1st quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 63 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in XPO by 4.4% in the 4th quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company’s stock worth $202,000 after purchasing an additional 63 shares during the period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Insider Buying and Selling

In other news, CAO Christopher Michael Brown sold 3,750 shares of the firm’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 value of $757,275.00. Following the transaction, the chief accounting officer owned 31,005 shares in the company, valued at $6,261,149.70. This trade represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Allison Landry sold 2,400 shares of the firm’s 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 completion of the transaction, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. This trade 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 valued at $1,526,502 in the last three months. Insiders own 0.87% of the company’s stock.

XPO Stock Down 2.9%

XPO opened at $192.09 on Tuesday. XPO, Inc. has a twelve month low of $121.48 and a twelve month high of $232.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. The company has a 50-day moving average price of $204.98 and a 200 day moving average price of $205.41. The company has a market cap of $22.49 billion, a PE ratio of 56.66, a price-to-earnings-growth ratio of 2.01 and a beta of 1.85.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the firm posted $1.05 EPS. XPO’s revenue was up 13.2% compared to the same quarter last year. Sell-side analysts expect that XPO, Inc. will post 5.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and set a $247.00 price target on shares of XPO in a research report on Thursday, July 30th. Truist Financial set a $240.00 price objective on XPO in a research report on Friday, May 1st. UBS Group upped their target price on XPO from $236.00 to $257.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. increased their target price on XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Finally, Stephens lifted their price target on shares of XPO from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company 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.