Milford Funds Ltd. Buys New Position in XPO, Inc. $XPO

Milford Funds Ltd. bought a new stake in XPO, Inc. (NYSE:XPO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 180,029 shares of the transportation company’s stock, valued at approximately $24,468,000. Milford Funds Ltd. owned approximately 0.15% of XPO at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of XPO. Toth Financial Advisory Corp raised its stake in shares of XPO by 100.0% during the fourth quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of XPO during the fourth quarter worth approximately $28,000. Torren Management LLC purchased a new position in shares of XPO during the fourth quarter worth approximately $37,000. Horizon Investments LLC purchased a new position in shares of XPO during the third quarter worth approximately $39,000. Finally, International Assets Investment Management LLC purchased a new position in shares of XPO during the fourth quarter worth approximately $41,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at XPO

In other news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction of $517,464.00. Following the sale, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

XPO has been the topic of several research reports. Zacks Research raised shares of XPO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 4th. Susquehanna lifted their price target on shares of XPO from $210.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Evercore set a $222.00 price target on shares of XPO in a research note on Friday, May 1st. Jefferies Financial Group lifted their price target on shares of XPO to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Oppenheimer lifted their price target on shares of XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, XPO has a consensus rating of “Moderate Buy” and an average price target of $217.38.

XPO Stock Performance

NYSE:XPO opened at $227.88 on Friday. The stock has a market cap of $26.76 billion, a P/E ratio of 78.04, a price-to-earnings-growth ratio of 2.64 and a beta of 1.83. The firm’s fifty day simple moving average is $213.19 and its 200 day simple moving average is $183.52. XPO, Inc. has a twelve month low of $116.68 and a twelve month high of $232.05. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71.

XPO (NYSE:XPO) last announced its earnings results on Thursday, April 30th. The transportation company reported $1.01 EPS for the quarter, beating 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 analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the business posted $0.73 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, research analysts predict that XPO, Inc. will post 4.85 EPS for the current year.

About XPO

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.