Quantbot Technologies LP Takes Position in XPO, Inc. $XPO

Quantbot Technologies LP acquired a new stake in shares of XPO, Inc. (NYSE:XPO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,476 shares of the transportation company’s stock, valued at approximately $1,945,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XPO. BlackRock Inc. bought a new stake in XPO in the 2nd quarter worth approximately $2,985,276,000. Durable Capital Partners LP lifted its holdings in shares of XPO by 79.3% during the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock valued at $454,020,000 after buying an additional 1,589,759 shares during the period. Norges Bank purchased a new position in shares of XPO in the 4th quarter worth $204,304,000. Bessemer Group Inc. boosted its stake in shares of XPO by 115.9% in the 1st quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock worth $470,986,000 after buying an additional 1,299,480 shares during the last quarter. Finally, Findlay Park Partners LLP bought a new stake in shares of XPO in the second quarter worth $236,104,000. Hedge funds and other institutional investors own 97.73% of the company’s stock.

Wall Street Analysts Forecast Growth

XPO has been the subject of a number of research reports. Oppenheimer upped their price objective on XPO from $236.00 to $238.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Citigroup dropped their target price on XPO from $226.00 to $221.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. JPMorgan Chase & Co. boosted their price target on XPO from $208.00 to $210.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. 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. Finally, Wells Fargo & Company increased their price objective on shares of XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $225.86.

XPO Stock Performance

NYSE:XPO opened at $192.09 on Tuesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50-day simple moving average of $204.98 and a two-hundred day simple moving average of $205.41. The firm has a market capitalization of $22.49 billion, a PE ratio of 56.66, a P/E/G ratio of 2.01 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 posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 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 firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the company earned $1.05 earnings per share. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. Analysts forecast that XPO, Inc. will post 5.44 EPS for the current year.

Insider Activity at XPO

In other XPO news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction that occurred 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 transaction, the director owned 4,849 shares of the company’s stock, valued at $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Christopher Michael Brown sold 3,750 shares of the company’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 transaction of $757,275.00. Following the completion of the transaction, the chief accounting officer owned 31,005 shares of the company’s stock, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 7,400 shares of company stock valued at $1,526,502 over the last three months. 0.87% of the stock is currently owned by insiders.

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.