Flputnam Investment Management Co. Takes $735,000 Position in XPO, Inc. $XPO

Flputnam Investment Management Co. purchased a new position in XPO, Inc. (NYSE:XPO) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,580 shares of the transportation company’s stock, valued at approximately $735,000.

Other institutional investors have also made changes to their positions in the company. Elyxium Wealth LLC bought a new position in XPO during the fourth quarter worth about $28,000. Torren Management LLC bought a new stake in shares of XPO in the 4th quarter valued at about $37,000. International Assets Investment Management LLC acquired a new stake in shares of XPO in the 4th quarter valued at approximately $41,000. Horizon Investments LLC acquired a new stake in shares of XPO in the 3rd quarter valued at approximately $39,000. Finally, Brown Brothers Harriman & Co. bought a new position in XPO during the 4th quarter worth approximately $43,000. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Stock Up 0.1%

XPO stock opened at $211.20 on Tuesday. The company has a 50 day moving average of $207.62 and a 200-day moving average of $203.94. 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 stock has a market capitalization of $24.73 billion, a PE ratio of 62.30, a price-to-earnings-growth ratio of 2.14 and a beta of 1.85.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the business posted $1.05 earnings per share. On average, equities research analysts anticipate that XPO, Inc. will post 5.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

XPO has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of XPO from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Zacks Research raised shares of XPO from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Bank of America boosted their price target on shares of XPO from $244.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Susquehanna upped their price objective on shares of XPO from $212.00 to $214.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $247.00 price objective on shares of XPO in a research note on Thursday, July 30th. Two 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $225.86.

Insider Transactions at XPO

In other XPO news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the sale, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $757,275.00. Following the transaction, the chief accounting officer directly owned 31,005 shares of the company’s stock, valued at approximately $6,261,149.70. This trade represents a 10.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 7,400 shares of company stock worth $1,526,502. Corporate insiders own 0.87% of the company’s stock.

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.