Castleark Management LLC Invests $11.72 Million in XPO, Inc. $XPO

Castleark Management LLC acquired a new stake in XPO, Inc. (NYSE:XPO) in the second quarter, Holdings Channel reports. The firm acquired 57,079 shares of the transportation company’s stock, valued at approximately $11,718,000.

Several other large investors have also bought and sold shares of the stock. Parallel Advisors LLC lifted its holdings in XPO by 13.2% during the 1st quarter. Parallel Advisors LLC now owns 421 shares of the transportation company’s stock worth $82,000 after buying an additional 49 shares during the period. V Square Quantitative Management LLC increased its stake in shares of XPO by 19.1% in the first quarter. V Square Quantitative Management LLC now owns 374 shares of the transportation company’s stock valued at $73,000 after buying an additional 60 shares during the period. Smartleaf Asset Management LLC raised its position in shares of XPO by 13.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company’s stock worth $68,000 after acquiring an additional 60 shares during the last quarter. Root Financial Partners LLC raised its position in shares of XPO by 21.1% during the first quarter. Root Financial Partners LLC now owns 362 shares of the transportation company’s stock worth $70,000 after acquiring an additional 63 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of XPO by 4.4% in the fourth quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company’s stock worth $202,000 after acquiring an additional 63 shares during the period. 97.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Allison Landry sold 2,400 shares of the 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 transaction, the director directly owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This 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 can be accessed through the SEC website. Also, CAO Christopher Michael Brown sold 3,750 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer owned 31,005 shares of the company’s stock, valued at $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 have sold a total of 7,400 shares of company stock worth $1,526,502 in the last quarter. 0.87% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on XPO shares. UBS Group upped their target price on XPO from $236.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Evercore upgraded shares of XPO from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. Stifel Nicolaus boosted their price target on shares of XPO from $237.00 to $241.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Wells Fargo & Company upped their price objective on shares of XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Finally, Raymond James Financial decreased their price objective on shares of XPO from $233.00 to $225.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, XPO has a consensus rating of “Moderate Buy” and an average target price of $225.86.

XPO Price Performance

Shares of XPO opened at $192.37 on Wednesday. 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 quick ratio of 1.01 and a current ratio of 1.01. The business’s 50 day moving average price is $204.54 and its two-hundred day moving average price is $205.50. The firm has a market cap of $22.52 billion, a PE ratio of 56.75, a price-to-earnings-growth ratio of 1.95 and a beta of 1.85.

XPO (NYSE:XPO) last posted its quarterly 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 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 in the prior year, the business earned $1.05 EPS. On average, equities analysts anticipate that XPO, Inc. will post 5.44 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.