Cercano Management LLC Grows Position in XPO, Inc. $XPO

Cercano Management LLC grew its stake in XPO, Inc. (NYSE:XPO) by 0.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,945,996 shares of the transportation company’s stock after acquiring an additional 2,840 shares during the quarter. XPO accounts for 10.1% of Cercano Management LLC’s portfolio, making the stock its biggest holding. Cercano Management LLC owned about 1.66% of XPO worth $264,480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in XPO. Toth Financial Advisory Corp boosted its holdings in XPO by 100.0% in the fourth quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Elyxium Wealth LLC bought a new stake in XPO in the fourth quarter worth $28,000. Torren Management LLC bought a new stake in XPO in the fourth quarter worth $37,000. Horizon Investments LLC bought a new stake in XPO in the third quarter worth $39,000. Finally, International Assets Investment Management LLC bought a new stake in XPO in the fourth quarter worth $41,000. 97.73% of the stock is owned by institutional investors.

XPO Stock Up 3.0%

XPO stock opened at $220.59 on Tuesday. The stock has a market cap of $25.90 billion, a PE ratio of 75.54, a price-to-earnings-growth ratio of 2.51 and a beta of 1.83. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 0.99. XPO, Inc. has a one year low of $110.78 and a one year high of $231.46. The stock has a fifty day moving average of $207.31 and a 200 day moving average of $178.13.

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

Wall Street Analyst Weigh In

XPO has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on XPO from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Barclays upped their price target on XPO from $195.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Susquehanna downgraded XPO from a “positive” rating to a “neutral” rating and upped their price target for the company from $160.00 to $210.00 in a report on Wednesday, February 11th. Raymond James Financial reaffirmed an “outperform” rating and set a $233.00 price target on shares of XPO in a report on Friday, May 1st. Finally, Truist Financial set a $240.00 price target on XPO in a report on Friday, May 1st. One equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $211.24.

Insider Buying and Selling

In other XPO news, Director Allison Landry sold 2,400 shares of the company’s 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 $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by 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.