Uhlmann Price Securities LLC Acquires New Position in XPO, Inc. $XPO

Uhlmann Price Securities LLC acquired a new stake in shares of XPO, Inc. (NYSE:XPO) in the first quarter, HoldingsChannel.com reports. The firm acquired 2,900 shares of the transportation company’s stock, valued at approximately $540,000.

Several other large investors have also bought and sold shares of XPO. Capital World Investors lifted its stake in shares of XPO by 7.3% in the third quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after buying an additional 735,450 shares in the last quarter. Invesco Ltd. increased its position in shares of XPO by 19.8% during the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after acquiring an additional 1,036,434 shares in the last quarter. Durable Capital Partners LP raised 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 acquiring an additional 736,224 shares during the last quarter. Orbis Allan Gray Ltd raised 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 acquiring an additional 499,220 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in XPO by 9.7% in the 4th quarter. Clearbridge Investments LLC now owns 2,970,231 shares of the transportation company’s stock valued at $403,684,000 after acquiring an additional 261,935 shares in the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Up 0.0%

Shares of XPO stock opened at $199.56 on Friday. XPO, Inc. has a 12 month low of $116.68 and a 12 month high of $232.05. The stock has a market cap of $23.43 billion, a P/E ratio of 68.34, a P/E/G ratio of 2.32 and a beta of 1.83. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The company has a 50 day simple moving average of $213.50 and a two-hundred day simple moving average of $185.87.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.12. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. XPO had a net margin of 4.19% and a return on equity of 26.21%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 EPS. On average, research analysts expect that XPO, Inc. will post 4.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on XPO shares. Barclays increased their target price on XPO from $195.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. boosted their price target on XPO from $208.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Zacks Research raised XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Bank of America increased their price objective on XPO from $244.00 to $246.00 and gave the company a “buy” rating in a research report on Thursday, June 4th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $233.00 price objective on shares of XPO in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, XPO currently has an average rating of “Moderate Buy” and a consensus price target of $218.10.

Insider Buying and Selling

In related news, Director Allison Landry sold 2,400 shares of the firm’s stock in a transaction 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 transaction, the director directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.87% of the company’s stock.

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.