AXQ Capital LP Invests $1.03 Million in XPO, Inc. $XPO

AXQ Capital LP purchased a new stake in XPO, Inc. (NYSE:XPO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,566 shares of the transportation company’s stock, valued at approximately $1,028,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XPO. Toth Financial Advisory Corp boosted its stake in XPO by 100.0% during the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after purchasing an additional 100 shares during the period. Elyxium Wealth LLC acquired a new position in shares of XPO in the fourth quarter valued at approximately $28,000. Torren Management LLC purchased a new stake in shares of XPO during the fourth quarter worth approximately $37,000. International Assets Investment Management LLC acquired a new stake in shares of XPO during the fourth quarter worth $41,000. Finally, Horizon Investments LLC acquired a new stake in shares of XPO during the third quarter worth $39,000. Institutional investors and hedge funds own 97.73% of the company’s stock.

Insiders Place Their Bets

In other news, Director Allison Landry sold 2,400 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the sale, the director owned 4,849 shares in the company, valued at approximately $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.87% of the company’s stock.

XPO Price Performance

XPO stock opened at $216.67 on Wednesday. XPO, Inc. has a 52 week low of $112.00 and a 52 week high of $231.46. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm’s 50-day simple moving average is $207.31 and its 200 day simple moving average is $178.13. The firm has a market capitalization of $25.44 billion, a PE ratio of 74.20, a P/E/G ratio of 2.59 and a beta of 1.83.

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

Analyst Ratings Changes

XPO has been the topic of several recent research reports. Wells Fargo & Company boosted their price objective on shares of XPO from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Stifel Nicolaus set a $237.00 target price on shares of XPO in a research note on Friday, May 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $220.00 price target on shares of XPO in a research note on Thursday, April 30th. Citigroup increased their price target on shares of XPO from $207.00 to $221.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Oppenheimer raised their price objective on shares of XPO from $228.00 to $236.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $211.33.

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.