WINTON GROUP Ltd Acquires 8,100 Shares of XPO, Inc. $XPO

WINTON GROUP Ltd raised its holdings in shares of XPO, Inc. (NYSE:XPO) by 311.5% in the second quarter, Holdings Channel reports. The institutional investor owned 10,700 shares of the transportation company’s stock after buying an additional 8,100 shares during the quarter. WINTON GROUP Ltd’s holdings in XPO were worth $2,197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Renaissance Technologies LLC grew its position in XPO by 73.3% in the 1st quarter. Renaissance Technologies LLC now owns 178,720 shares of the transportation company’s stock worth $34,770,000 after purchasing an additional 75,600 shares during the last quarter. Border to Coast Pensions Partnership Ltd bought a new position in shares of XPO during the 1st quarter worth about $36,048,000. K.J. Harrison & Partners Inc acquired a new position in shares of XPO during the second quarter valued at about $4,927,000. MFN Partners Management LP bought a new stake in shares of XPO in the second quarter valued at about $2,026,148,865. Finally, BlackRock Inc. bought a new stake in shares of XPO in the second quarter valued at about $2,985,276,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insider Transactions at XPO

In other XPO news, CAO Christopher Brown sold 3,750 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the transaction, the chief accounting officer directly owned 31,005 shares in the company, valued at $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is owned by corporate insiders.

XPO Stock Performance

XPO stock opened at $182.11 on Friday. The firm has a market capitalization of $21.32 billion, a P/E ratio of 53.72, a P/E/G ratio of 1.86 and a beta of 1.85. The stock has a fifty day moving average price of $200.88 and a two-hundred day moving average price of $204.43. XPO, Inc. has a 52-week low of $121.48 and a 52-week 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.

XPO (NYSE:XPO) last issued its earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.48 by $0.22. XPO had a net margin of 4.71% and a return on equity of 29.64%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the company earned $1.05 EPS. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, analysts anticipate that XPO, Inc. will post 5.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. TD Cowen lifted their target price on XPO from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. The Goldman Sachs Group reissued a “buy” rating and set a $247.00 price objective on shares of XPO in a report on Thursday, July 30th. Wells Fargo & Company boosted their price objective on XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Finally, BMO Capital Markets upped their target price on XPO from $240.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $225.82.

XPO Profile

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses in North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which consolidates shipments from multiple customers onto individual trucks. The company serves manufacturers, retailers, wholesalers and other commercial customers through a network of terminals, drivers and freight-handling facilities.

In addition to LTL shipping, XPO provides truck brokerage and other transportation-management services, helping customers arrange freight capacity and manage the movement of goods.