Geode Capital Management LLC Increases Stake in XPO, Inc. $XPO

Geode Capital Management LLC boosted its holdings in XPO, Inc. (NYSE:XPO) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,117,422 shares of the transportation company’s stock after buying an additional 22,614 shares during the quarter. Geode Capital Management LLC owned 1.81% of XPO worth $287,841,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Primecap Management Co. CA lifted its stake in XPO by 6.3% during the 3rd quarter. Primecap Management Co. CA now owns 587,534 shares of the transportation company’s stock valued at $75,951,000 after acquiring an additional 35,050 shares during the period. Compass Wealth Management LLC bought a new position in XPO during the 3rd quarter valued at about $29,997,000. Econ Financial Services Corp bought a new position in XPO during the 4th quarter valued at about $1,837,000. Citigroup Inc. lifted its stake in XPO by 694.2% during the 3rd quarter. Citigroup Inc. now owns 161,906 shares of the transportation company’s stock valued at $20,930,000 after acquiring an additional 141,521 shares during the period. Finally, Calamos Advisors LLC lifted its stake in XPO by 247.8% during the 4th quarter. Calamos Advisors LLC now owns 13,973 shares of the transportation company’s stock valued at $1,899,000 after acquiring an additional 9,956 shares during the period. Institutional investors own 97.73% of the company’s stock.

Insider Transactions at XPO

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 completion of the sale, the director directly owned 4,849 shares in the company, valued at $1,045,492.89. This trade represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of XPO to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Evercore set a $222.00 price objective on shares of XPO in a research note on Friday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of XPO from $189.00 to $201.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 10th. Barclays increased their price objective on shares of XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, TD Cowen increased their price objective on shares of XPO from $192.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $211.24.

XPO Trading Up 3.0%

Shares of XPO opened at $220.59 on Tuesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. XPO, Inc. has a 1 year low of $110.78 and a 1 year high of $231.46. The company has a 50 day simple moving average of $207.31 and a two-hundred day simple moving average of $178.13. The firm has a market cap of $25.90 billion, a P/E ratio of 75.54, a price-to-earnings-growth ratio of 2.51 and a beta of 1.83.

XPO (NYSE:XPO) last announced 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 business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period last year, the firm posted $0.73 EPS. The company’s revenue was up 7.3% on a year-over-year basis. On average, equities analysts expect that XPO, Inc. will post 4.84 earnings per share for the current fiscal year.

XPO Company 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.