OP Asset Management Ltd Invests $543,000 in XPO, Inc. $XPO

OP Asset Management Ltd bought a new position in shares of XPO, Inc. (NYSE:XPO) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,792 shares of the transportation company’s stock, valued at approximately $543,000.

Several other institutional investors also recently bought and sold shares of XPO. Smartleaf Asset Management LLC lifted its stake in XPO by 13.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 494 shares of the transportation company’s stock worth $68,000 after purchasing an additional 60 shares in the last quarter. UMB Bank n.a. grew its position in shares of XPO by 4.4% during the fourth quarter. UMB Bank n.a. now owns 1,483 shares of the transportation company’s stock valued at $202,000 after purchasing an additional 63 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of XPO by 1.4% in the fourth quarter. Blair William & Co. IL now owns 4,927 shares of the transportation company’s stock worth $670,000 after purchasing an additional 70 shares during the last quarter. Allworth Financial LP increased its holdings in shares of XPO by 10.1% in the fourth quarter. Allworth Financial LP now owns 810 shares of the transportation company’s stock worth $110,000 after purchasing an additional 74 shares during the last quarter. Finally, Vise Technologies Inc. boosted its stake in XPO by 3.4% during the third quarter. Vise Technologies Inc. now owns 2,301 shares of the transportation company’s stock valued at $297,000 after buying an additional 76 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

XPO Stock Down 0.4%

Shares of NYSE XPO opened at $205.23 on Wednesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $24.10 billion, a P/E ratio of 70.28, a PEG ratio of 2.39 and a beta of 1.83. XPO, Inc. has a 1 year low of $116.68 and a 1 year high of $232.05. The firm has a 50-day simple moving average of $211.61 and a two-hundred day simple moving average of $189.12.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.12. XPO had a return on equity of 26.21% and a net margin of 4.19%.The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the business posted $0.73 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts anticipate that XPO, Inc. will post 4.87 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on XPO shares. TD Cowen lifted their price objective on XPO from $192.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Stifel Nicolaus set a $237.00 target price on XPO in a research report on Friday, May 1st. Citigroup upped their price target on shares of XPO from $221.00 to $236.00 and gave the company a “neutral” rating in a research note on Monday, June 15th. Benchmark lifted their price objective on shares of XPO from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Evercore set a $222.00 target price on shares of XPO 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 issued a Sell rating to the company. According to data from MarketBeat.com, XPO has an average rating of “Moderate Buy” and an average price target of $218.10.

Insider Buying and Selling

In related news, Director Allison Landry sold 2,400 shares of XPO stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $215.61, for a total transaction 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 trade represents a 33.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.87% of the stock is owned by corporate insiders.

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.