Entropy Technologies LP Purchases 7,419 Shares of XPO, Inc. $XPO

Entropy Technologies LP increased its position in XPO, Inc. (NYSE:XPO) by 136.1% in the first quarter, Holdings Channel.com reports. The fund owned 12,869 shares of the transportation company’s stock after purchasing an additional 7,419 shares during the period. Entropy Technologies LP’s holdings in XPO were worth $2,504,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in XPO. Durable Capital Partners LP lifted its position 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 valued at $454,020,000 after acquiring an additional 1,589,759 shares in the last quarter. Norges Bank bought a new stake in shares of XPO in the 4th quarter worth $204,304,000. Bessemer Group Inc. raised its stake in shares of XPO by 115.9% in the first quarter. Bessemer Group Inc. now owns 2,420,899 shares of the transportation company’s stock worth $470,986,000 after purchasing an additional 1,299,480 shares during the last quarter. Invesco Ltd. raised its stake in shares of XPO by 19.8% in the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock worth $810,249,000 after purchasing an additional 1,036,434 shares during the last quarter. Finally, Orbis Allan Gray Ltd lifted its holdings in shares of XPO by 15.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 3,652,589 shares of the transportation company’s stock valued at $496,423,000 after purchasing an additional 499,220 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Performance

XPO stock opened at $212.60 on Monday. 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 $116.68 and a 1 year high of $232.05. The company has a market cap of $24.96 billion, a P/E ratio of 72.81, a price-to-earnings-growth ratio of 2.44 and a beta of 1.85. The stock’s fifty day moving average price is $210.31 and its 200-day moving average price is $197.69.

XPO (NYSE:XPO) last posted its quarterly earnings data 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 return on equity of 26.21% and a net margin of 4.19%.The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. XPO’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts forecast that XPO, Inc. will post 4.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

XPO has been the topic of several recent analyst reports. Stephens raised XPO to a “strong-buy” rating in a research report on Wednesday, July 8th. Oppenheimer boosted their target price on XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Bank of America upped their target price on shares of XPO from $244.00 to $246.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Citigroup began coverage on shares of XPO in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Finally, Raymond James Financial reduced their price target on shares of XPO from $233.00 to $225.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $219.76.

Insider Activity

In other XPO news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction 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. The trade was a 33.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

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.