Findlay Park Partners LLP Takes Position in XPO, Inc. $XPO

Findlay Park Partners LLP bought a new stake in XPO, Inc. (NYSE:XPO) in the second quarter, Holdings Channel reports. The institutional investor bought 1,150,100 shares of the transportation company’s stock, valued at approximately $236,104,000. XPO accounts for approximately 3.2% of Findlay Park Partners LLP’s portfolio, making the stock its 5th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in XPO during the second quarter worth $2,985,276,000. Durable Capital Partners LP increased its holdings in XPO by 79.3% in 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 acquired a new position in shares of XPO in the 4th quarter valued at $204,304,000. Bessemer Group Inc. raised 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 valued at $470,986,000 after buying an additional 1,299,480 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of XPO by 19.8% during the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after acquiring an additional 1,036,434 shares during the period. 97.73% of the stock is owned by institutional investors.

Insider Transactions at XPO

In other news, Director Allison Landry sold 2,400 shares of the firm’s 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 completion of the sale, the director owned 4,849 shares of the company’s stock, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Christopher Michael Brown sold 3,750 shares of XPO stock in a transaction that occurred on Tuesday, August 11th. The shares were 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 $6,261,149.70. This trade represents a 10.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 7,400 shares of company stock worth $1,526,502. Company insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Benchmark lifted their target price on shares of XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Zacks Research raised shares of XPO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. raised their price target on shares of XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Oppenheimer lifted their price objective on XPO from $236.00 to $238.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Evercore upgraded XPO from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $225.86.

XPO Stock Up 1.0%

Shares of NYSE:XPO opened at $198.74 on Friday. 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 company’s fifty day moving average is $205.54 and its 200-day moving average is $204.95. The company has a market capitalization of $23.27 billion, a PE ratio of 58.63, a P/E/G ratio of 2.01 and a beta of 1.85.

XPO (NYSE:XPO) last announced 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 business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $1.05 EPS. Equities research analysts predict that XPO, Inc. will post 5.44 earnings per share for the current fiscal 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.