Empirical Capital Management LLC Lowers Stock Holdings in XPO, Inc. $XPO

Empirical Capital Management LLC reduced its holdings in shares of XPO, Inc. (NYSE:XPO) by 26.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,000 shares of the transportation company’s stock after selling 13,000 shares during the quarter. XPO accounts for 3.3% of Empirical Capital Management LLC’s portfolio, making the stock its 9th biggest holding. Empirical Capital Management LLC’s holdings in XPO were worth $5,029,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Allworth Financial LP lifted its holdings in shares of XPO by 10.1% during the fourth quarter. Allworth Financial LP now owns 810 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 74 shares in the last quarter. Vise Technologies Inc. lifted its holdings in shares of XPO by 3.4% during the third quarter. Vise Technologies Inc. now owns 2,301 shares of the transportation company’s stock valued at $297,000 after purchasing an additional 76 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of XPO by 9.9% during the fourth quarter. Signaturefd LLC now owns 880 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 79 shares in the last quarter. Archer Investment Corp lifted its holdings in shares of XPO by 9.6% during the third quarter. Archer Investment Corp now owns 932 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 82 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of XPO by 21.6% during the third quarter. Bessemer Group Inc. now owns 490 shares of the transportation company’s stock valued at $63,000 after purchasing an additional 87 shares in the last quarter. 97.73% of the stock is owned by institutional investors.

XPO Trading Up 0.7%

Shares of XPO stock opened at $214.37 on Friday. XPO, Inc. has a 1 year low of $110.78 and a 1 year high of $231.46. The firm has a fifty day moving average price of $206.15 and a 200-day moving average price of $177.02. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $25.17 billion, a price-to-earnings ratio of 73.41, a PEG ratio of 2.49 and a beta of 1.87.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. XPO had a net margin of 4.19% and a return on equity of 26.21%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities analysts predict that XPO, Inc. will post 4.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on XPO. Evercore set a $222.00 price target on XPO in a report on Friday, May 1st. Benchmark increased their target price on XPO from $220.00 to $240.00 and gave the company a “buy” rating in a report on Friday, May 1st. Raymond James Financial reissued an “outperform” rating and issued a $233.00 target price on shares of XPO in a report on Friday, May 1st. Stifel Nicolaus set a $237.00 target price on XPO in a report on Friday, May 1st. Finally, Morgan Stanley set a $105.00 target price on XPO and gave the company an “underweight” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, XPO has a consensus rating of “Moderate Buy” and a consensus price target of $211.24.

XPO 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.