Catalyst Funds Management Pty Ltd Invests $707,000 in XPO, Inc. $XPO

Catalyst Funds Management Pty Ltd acquired a new position in XPO, Inc. (NYSE:XPO) during the second quarter, Holdings Channel reports. The firm acquired 5,600 shares of the transportation company’s stock, valued at approximately $707,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XPO. T. Rowe Price Investment Management Inc. increased its stake in XPO by 17.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,073,352 shares of the transportation company’s stock worth $223,052,000 after acquiring an additional 306,928 shares during the last quarter. Durable Capital Partners LP increased its position in shares of XPO by 246.4% in the first quarter. Durable Capital Partners LP now owns 2,005,297 shares of the transportation company’s stock worth $215,730,000 after purchasing an additional 1,426,394 shares during the last quarter. Findlay Park Partners LLP increased its position in shares of XPO by 11.6% in the first quarter. Findlay Park Partners LLP now owns 1,572,500 shares of the transportation company’s stock worth $169,170,000 after purchasing an additional 163,300 shares during the last quarter. Cooke & Bieler LP purchased a new stake in XPO in the second quarter valued at approximately $108,218,000. Finally, Raymond James Financial Inc. lifted its position in XPO by 9.4% during the first quarter. Raymond James Financial Inc. now owns 760,086 shares of the transportation company’s stock valued at $81,770,000 after purchasing an additional 65,023 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Performance

NYSE XPO opened at $125.63 on Friday. The company has a 50-day simple moving average of $131.92 and a two-hundred day simple moving average of $127.67. XPO, Inc. has a 12-month low of $85.06 and a 12-month high of $161.00. The firm has a market cap of $14.75 billion, a price-to-earnings ratio of 43.47, a PEG ratio of 2.51 and a beta of 1.99. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 1.88.

XPO (NYSE:XPO) last released its earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share for the quarter. The company had revenue of ($2,243.00) million during the quarter. XPO had a return on equity of 26.48% and a net margin of 4.32%. On average, equities analysts forecast that XPO, Inc. will post 4.15 EPS for the current year.

Insiders Place Their Bets

In other XPO news, Director Allison Landry sold 3,250 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $135.04, for a total value of $438,880.00. Following the completion of the sale, the director owned 5,875 shares in the company, valued at approximately $793,360. The trade was a 35.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of XPO from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Benchmark upped their target price on shares of XPO from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Susquehanna restated a “positive” rating and set a $162.00 price target on shares of XPO in a research report on Friday, October 31st. Evercore ISI upped their price objective on XPO from $141.00 to $151.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, UBS Group increased their price objective on XPO from $150.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Twenty analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.15.

XPO Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.