Legal & General Group Plc Takes $72.28 Million Position in XPO, Inc. $XPO

Legal & General Group Plc acquired a new position in shares of XPO, Inc. (NYSE:XPO) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 352,108 shares of the transportation company’s stock, valued at approximately $72,284,000. Legal & General Group Plc owned approximately 0.30% of XPO as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new stake in shares of XPO during the second quarter worth $11,103,000. Visionary Wealth Advisors acquired a new position in shares of XPO in the 2nd quarter valued at $455,000. Cibc World Market Inc. acquired a new position in shares of XPO in the 2nd quarter valued at $402,000. Osmosis Investment Management UK Ltd purchased a new position in XPO in the 2nd quarter worth about $514,000. Finally, Sanctuary Advisors LLC acquired a new stake in XPO during the 2nd quarter worth about $992,000. 97.73% of the stock is currently owned by institutional investors and hedge funds.

XPO Price Performance

NYSE XPO opened at $191.76 on Friday. The company has a 50 day simple moving average of $204.21 and a 200-day simple moving average of $205.47. 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 firm has a market capitalization of $22.45 billion, a price-to-earnings ratio of 56.57, a price-to-earnings-growth ratio of 1.95 and a beta of 1.85. XPO, Inc. has a 52-week low of $121.48 and a 52-week high of $232.05.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. The firm had revenue of $2.35 billion for 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%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 earnings per share. Equities research analysts predict that XPO, Inc. will post 5.44 earnings per share for the current fiscal year.

Insider Activity

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

Analyst Upgrades and Downgrades

Several brokerages have commented on XPO. TD Cowen raised their target price on shares of XPO from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Bank of America boosted their price target on shares of XPO from $244.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Morgan Stanley set a $105.00 price target on shares of XPO and gave the company an “underweight” rating in a research report on Friday, May 1st. Citigroup decreased their price objective on shares of XPO from $226.00 to $221.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Finally, Raymond James Financial lowered their price objective on shares of XPO from $233.00 to $225.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, XPO has a consensus rating of “Moderate Buy” and a consensus price target of $225.86.

XPO 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.