Agman Capital LLC Acquires Shares of 41,593 XPO, Inc. $XPO

Agman Capital LLC acquired a new stake in XPO, Inc. (NYSE:XPO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 41,593 shares of the transportation company’s stock, valued at approximately $5,653,000. XPO makes up about 4.8% of Agman Capital LLC’s investment portfolio, making the stock its 7th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XPO. Toth Financial Advisory Corp lifted its holdings in XPO by 100.0% in the 4th quarter. Toth Financial Advisory Corp now owns 200 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Elyxium Wealth LLC purchased a new position in XPO in the 4th quarter valued at $28,000. Torren Management LLC purchased a new position in XPO in the 4th quarter valued at $37,000. Horizon Investments LLC purchased a new position in XPO in the 3rd quarter valued at $39,000. Finally, International Assets Investment Management LLC purchased a new position in XPO in the 4th quarter valued at $41,000. 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 business has a 50-day moving average price of $213.19 and a 200 day moving average price of $183.52. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The company has a market capitalization 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, Inc. has a 12-month low of $116.68 and a 12-month high of $232.05.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. XPO had a return on equity of 26.21% and a net margin of 4.19%.The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $0.73 EPS. Sell-side analysts expect that XPO, Inc. will post 4.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. The Goldman Sachs Group restated a “buy” rating and issued a $220.00 price objective on shares of XPO in a report on Thursday, April 30th. Raymond James Financial restated an “outperform” rating and issued a $233.00 price objective on shares of XPO in a report on Friday, May 1st. Bank of America raised their price objective on XPO from $244.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Benchmark lifted their price target on XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Zacks Research upgraded XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, XPO currently has an average rating of “Moderate Buy” and an average price target of $217.38.

Insider Activity

In related news, Director Allison Landry sold 2,400 shares of the firm’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 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.87% of the company’s stock.

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.