Brant Point Investment Management LLC Raises Stock Position in XPO, Inc. $XPO

Brant Point Investment Management LLC boosted its holdings in XPO, Inc. (NYSE:XPO) by 100.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,000 shares of the transportation company’s stock after buying an additional 5,000 shares during the period. Brant Point Investment Management LLC’s holdings in XPO were worth $1,359,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of XPO. Durable Capital Partners LP increased its stake in XPO by 79.3% in the 2nd quarter. Durable Capital Partners LP now owns 3,595,056 shares of the transportation company’s stock worth $454,020,000 after buying an additional 1,589,759 shares in the last quarter. Norges Bank purchased a new stake in XPO in the 4th quarter worth $204,304,000. Bessemer Group Inc. increased its stake in XPO by 228,761.0% in the 4th quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock worth $152,411,000 after buying an additional 1,120,929 shares in the last quarter. Invesco Ltd. increased its stake in XPO by 19.8% in the 3rd quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after buying an additional 1,036,434 shares in the last quarter. Finally, Capital World Investors increased its stake in XPO by 7.3% in the 3rd quarter. Capital World Investors now owns 10,860,803 shares of the transportation company’s stock worth $1,403,973,000 after buying an additional 735,450 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Stock Up 0.1%

Shares of NYSE:XPO opened at $227.88 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. XPO, Inc. has a 12 month low of $116.68 and a 12 month high of $232.05. The company has a 50-day moving average price of $213.19 and a 200 day moving average price of $183.52. The company has a market cap of $26.76 billion, a price-to-earnings ratio of 78.04, a PEG ratio of 2.65 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 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 last year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities research analysts predict that XPO, Inc. will post 4.85 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on XPO shares. Morgan Stanley set a $105.00 price objective on shares of XPO and gave the company an “underweight” rating in a report on Friday, May 1st. Evercore set a $222.00 price objective on shares of XPO in a report on Friday, May 1st. Benchmark increased their price objective on shares of XPO from $220.00 to $240.00 and gave the company a “buy” rating in a report on Friday, May 1st. Oppenheimer increased their price objective on shares of XPO from $228.00 to $236.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, Citigroup increased their price objective on shares of XPO from $207.00 to $221.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $217.38.

Insider Activity at XPO

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

About XPO

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.