XPO, Inc. $XPO Stock Position Raised by Holocene Advisors LP

Holocene Advisors LP lifted its stake in shares of XPO, Inc. (NYSE:XPO) by 5.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 858,247 shares of the transportation company’s stock after purchasing an additional 46,613 shares during the period. Holocene Advisors LP owned approximately 0.73% of XPO worth $108,388,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Forge First Asset Management Inc. acquired a new position in shares of XPO in the second quarter worth about $6,079,000. Hawk Ridge Capital Management LP raised its holdings in shares of XPO by 15.8% during the first quarter. Hawk Ridge Capital Management LP now owns 289,588 shares of the transportation company’s stock valued at $31,154,000 after acquiring an additional 39,500 shares during the period. BNP Paribas Financial Markets lifted its position in shares of XPO by 854.2% in the 1st quarter. BNP Paribas Financial Markets now owns 551,539 shares of the transportation company’s stock valued at $59,335,000 after acquiring an additional 493,736 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in shares of XPO in the 1st quarter valued at approximately $445,000. Finally, Avior Wealth Management LLC acquired a new position in XPO in the 2nd quarter worth approximately $941,000. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Performance

Shares of NYSE XPO opened at $149.03 on Friday. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.02 and a quick ratio of 1.02. XPO, Inc. has a one year low of $85.06 and a one year high of $161.00. The business’s 50-day moving average price is $135.61 and its two-hundred day moving average price is $130.16. The company has a market capitalization of $17.49 billion, a P/E ratio of 53.61, a price-to-earnings-growth ratio of 2.98 and a beta of 2.03.

XPO (NYSE:XPO) last announced its quarterly earnings results on Tuesday, April 11th. The transportation company reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of ($2,243.00) million during the quarter. XPO had a return on equity of 26.14% and a net margin of 4.13%. Analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on XPO. Cowen reissued a “buy” rating on shares of XPO in a research note on Friday, October 31st. UBS Group upped their price target on XPO from $150.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Raymond James Financial increased their price objective on XPO from $132.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Susquehanna restated a “positive” rating and set a $162.00 price objective on shares of XPO in a research report on Friday, October 31st. Finally, Rothschild & Co Redburn initiated coverage on XPO in a report on Wednesday, November 26th. They issued a “buy” rating and a $156.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and an average target price of $148.81.

XPO Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.