XPO, Inc. $XPO Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in shares of XPO, Inc. (NYSE:XPO) by 66.9% in the first quarter, HoldingsChannel.com reports. The firm owned 53,089 shares of the transportation company’s stock after acquiring an additional 21,282 shares during the quarter. Quantinno Capital Management LP’s holdings in XPO were worth $10,328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rice Hall James & Associates LLC lifted its position in XPO by 2.3% in the first quarter. Rice Hall James & Associates LLC now owns 224,299 shares of the transportation company’s stock valued at $43,637,000 after buying an additional 5,123 shares during the last quarter. Entropy Technologies LP increased its position in shares of XPO by 136.1% during the first quarter. Entropy Technologies LP now owns 12,869 shares of the transportation company’s stock valued at $2,504,000 after acquiring an additional 7,419 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of XPO by 73.3% in the 1st quarter. Renaissance Technologies LLC now owns 178,720 shares of the transportation company’s stock valued at $34,770,000 after acquiring an additional 75,600 shares during the period. Compound Planning Inc. raised its stake in shares of XPO by 30.8% in the 1st quarter. Compound Planning Inc. now owns 3,035 shares of the transportation company’s stock valued at $590,000 after acquiring an additional 715 shares during the period. Finally, Lido Advisors LLC lifted its holdings in shares of XPO by 33.8% in the 1st quarter. Lido Advisors LLC now owns 2,626 shares of the transportation company’s stock worth $511,000 after acquiring an additional 664 shares during the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Price Performance

Shares of XPO opened at $203.16 on Wednesday. XPO, Inc. has a fifty-two week low of $116.68 and a fifty-two week high of $232.05. The firm’s 50 day moving average price is $209.94 and its 200 day moving average price is $200.41. The company has a market cap of $23.79 billion, a P/E ratio of 59.93, a PEG ratio of 2.11 and a beta of 1.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55.

XPO (NYSE:XPO) last released its earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.05 EPS. On average, research analysts forecast that XPO, Inc. will post 5.26 earnings per share for the current fiscal year.

Insider Activity

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

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Stifel Nicolaus raised their price target on XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. BMO Capital Markets raised their price target on XPO from $240.00 to $245.00 and gave the stock an “outperform” rating in a research report on Thursday, June 4th. Bank of America boosted their price objective on XPO from $244.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Finally, Raymond James Financial decreased their target price on XPO from $233.00 to $225.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and an average target price of $225.86.

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.