XTX Topco Ltd Purchases New Stake in XPO, Inc. (NYSE:XPO)

XTX Topco Ltd acquired a new position in shares of XPO, Inc. (NYSE:XPO) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,706 shares of the transportation company’s stock, valued at approximately $1,243,000.

Several other hedge funds and other institutional investors also recently modified their holdings of XPO. Norges Bank acquired a new position in XPO in the fourth quarter worth about $79,592,000. CenterBook Partners LP acquired a new position in shares of XPO in the 4th quarter worth approximately $779,000. Janney Montgomery Scott LLC increased its holdings in shares of XPO by 4.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,953 shares of the transportation company’s stock valued at $5,364,000 after acquiring an additional 1,712 shares during the last quarter. Empirical Capital Management LLC acquired a new stake in shares of XPO during the 4th quarter valued at approximately $4,380,000. Finally, Boulder Hill Capital Management LP bought a new position in XPO during the fourth quarter worth $692,000. Institutional investors own 97.73% of the company’s stock.

Analyst Upgrades and Downgrades

XPO has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their target price on shares of XPO from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Friday, September 6th. Raymond James dropped their price objective on shares of XPO from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, June 24th. Evercore ISI cut their target price on shares of XPO from $144.00 to $124.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Bank of America lowered their target price on XPO from $135.00 to $134.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, Benchmark reissued a “buy” rating and issued a $140.00 price target on shares of XPO in a report on Thursday. Two analysts have rated the stock with a sell rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.18.

XPO Stock Down 2.4 %

XPO stock opened at $112.58 on Friday. XPO, Inc. has a 52 week low of $65.80 and a 52 week high of $130.51. The stock has a market cap of $13.10 billion, a price-to-earnings ratio of 55.19, a PEG ratio of 1.76 and a beta of 2.11. The company’s 50-day moving average price is $113.22 and its two-hundred day moving average price is $113.42. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 2.63.

XPO (NYSE:XPO) last announced its earnings results on Thursday, August 1st. The transportation company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.01 by $0.11. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.07 billion. XPO had a return on equity of 32.49% and a net margin of 4.48%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 earnings per share. On average, analysts expect that XPO, Inc. will post 3.6 EPS for the current fiscal year.

About XPO

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.