Nykredit A S Makes New $8.64 Million Investment in XPO, Inc. $XPO

Nykredit A S bought a new stake in XPO, Inc. (NYSE:XPO) in the second quarter, HoldingsChannel reports. The fund bought 42,077 shares of the transportation company’s stock, valued at approximately $8,638,000.

Several other large investors also recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of XPO during the 2nd quarter valued at about $2,985,276,000. MFN Partners Management LP bought a new stake in XPO during the 2nd quarter worth approximately $2,026,148,865. Invesco Ltd. increased its stake in 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 purchasing an additional 1,036,434 shares in the last quarter. Durable Capital Partners LP raised its holdings in XPO by 20.5% during the 3rd quarter. Durable Capital Partners LP now owns 4,331,280 shares of the transportation company’s stock worth $559,905,000 after buying an additional 736,224 shares during the period. Finally, Orbis Allan Gray Ltd raised its holdings in XPO by 15.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock worth $496,423,000 after buying an additional 499,220 shares during the period. 97.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XPO has been the subject of several research analyst reports. Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. BMO Capital Markets raised their price objective on shares of XPO from $240.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. UBS Group boosted their price objective on shares of XPO from $236.00 to $257.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Bank of America reduced their target price on shares of XPO from $248.00 to $228.00 and set a “buy” rating for the company in a research note on Friday. Finally, Wells Fargo & Company increased their target price on XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $225.00.

XPO Trading Up 4.7%

NYSE:XPO opened at $193.49 on Friday. The company has a market cap of $22.65 billion, a P/E ratio of 57.08, a price-to-earnings-growth ratio of 1.96 and a beta of 1.85. XPO, Inc. has a twelve month low of $121.48 and a twelve month high of $232.05. The business has a 50 day moving average price of $202.85 and a two-hundred day moving average price of $205.00. 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 (NYSE:XPO) last posted 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 company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.28 billion. XPO had a net margin of 4.71% and a return on equity of 29.64%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company earned $1.05 earnings per share. As a group, analysts expect that XPO, Inc. will post 5.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other XPO news, CAO Christopher Brown sold 3,750 shares of XPO stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the sale, the chief accounting officer directly owned 31,005 shares in the company, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.87% of the company’s stock.

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.