Odyssean LLC Buys Shares of 5,369 XPO, Inc. $XPO

Odyssean LLC bought a new position in shares of XPO, Inc. (NYSE:XPO) during the second quarter, HoldingsChannel reports. The fund bought 5,369 shares of the transportation company’s stock, valued at approximately $1,102,000.

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

Analyst Ratings Changes

A number of analysts have recently commented on XPO shares. Evercore raised XPO from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. Susquehanna upped their price objective on XPO from $212.00 to $214.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Oppenheimer raised their price objective on shares of XPO from $236.00 to $238.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Benchmark lifted their target price on shares of XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Citigroup reduced their target price on shares of XPO from $226.00 to $221.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.86.

Insider Activity at XPO

In related news, 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 sale, the chief accounting officer directly owned 31,005 shares in the company, valued at $6,261,149.70. This represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

XPO Stock Up 0.5%

Shares of XPO opened at $192.82 on Thursday. The company has a market capitalization of $22.58 billion, a PE ratio of 56.88, a PEG ratio of 1.95 and a beta of 1.85. XPO, Inc. has a 12 month low of $121.48 and a 12 month high of $232.05. The stock’s 50-day moving average price is $204.36 and its two-hundred day moving average price is $205.55. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.22. The company had revenue of $2.35 billion during 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 business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share. On average, analysts anticipate that XPO, Inc. will post 5.44 EPS for the current year.

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.