Freestone Grove Partners LP Makes New $42.74 Million Investment in XPO, Inc. $XPO

Freestone Grove Partners LP purchased a new stake in XPO, Inc. (NYSE:XPO) during the 2nd quarter, HoldingsChannel reports. The fund purchased 208,183 shares of the transportation company’s stock, valued at approximately $42,738,000.

Other large investors have also recently modified their holdings of the company. Odyssean LLC purchased a new position in shares of XPO during the second quarter worth about $1,102,000. Man Group plc purchased a new stake in XPO in the second quarter valued at approximately $15,810,000. Jupiter Topco LLC bought a new stake in XPO during the second quarter valued at approximately $1,749,000. Hsbc Holdings PLC bought a new stake in XPO during the second quarter valued at approximately $13,804,000. Finally, Primecap Management Co. CA purchased a new position in XPO in the 2nd quarter worth approximately $116,673,000. Institutional investors own 97.73% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on XPO. Susquehanna increased their price target on shares of XPO from $212.00 to $214.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. TD Cowen lifted their price objective on shares of XPO from $224.00 to $228.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Wells Fargo & Company upped their target price on shares of XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Bank of America increased their target price on XPO from $244.00 to $246.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Finally, Truist Financial set a $240.00 price target on XPO in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.86.

Insiders Place Their Bets

In related news, CAO Christopher Michael Brown sold 3,750 shares of the stock in a transaction dated 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 sale, the chief accounting officer directly owned 31,005 shares in the company, valued at $6,261,149.70. This represents a 10.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.87% of the stock is owned by corporate insiders.

XPO Stock Performance

XPO stock opened at $192.82 on Thursday. The firm has a fifty day simple moving average of $204.36 and a two-hundred day simple moving average of $205.55. 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, Inc. has a twelve month low of $121.48 and a twelve month high of $232.05. The company has a market capitalization of $22.58 billion, a PE ratio of 56.88, a P/E/G ratio of 1.95 and a beta of 1.85.

XPO (NYSE:XPO) last announced its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share (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 analysts’ expectations of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $1.05 earnings per share. Research analysts expect that XPO, Inc. will post 5.44 EPS for the current year.

XPO Company 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.