Emerald Advisers LLC Raises Stock Position in XPO, Inc. $XPO

Emerald Advisers LLC raised its stake in shares of XPO, Inc. (NYSE:XPO) by 77.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,325 shares of the transportation company’s stock after buying an additional 2,760 shares during the period. Emerald Advisers LLC’s holdings in XPO were worth $1,231,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Durable Capital Partners LP boosted its stake in shares of 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 during the last quarter. Norges Bank purchased a new stake in XPO during the fourth quarter valued at $204,304,000. Bessemer Group Inc. increased its position in XPO by 228,761.0% during the fourth quarter. Bessemer Group Inc. now owns 1,121,419 shares of the transportation company’s stock valued at $152,411,000 after acquiring an additional 1,120,929 shares during the last quarter. Invesco Ltd. increased its position in XPO by 19.8% during the third quarter. Invesco Ltd. now owns 6,267,881 shares of the transportation company’s stock valued at $810,249,000 after acquiring an additional 1,036,434 shares during the last quarter. Finally, Orbis Allan Gray Ltd lifted its holdings in XPO by 15.8% in 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 acquiring an additional 499,220 shares during the period. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

XPO Stock Up 0.2%

XPO opened at $209.78 on Wednesday. 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 fifty-two week low of $116.68 and a fifty-two week high of $232.05. The firm’s fifty day moving average is $208.77 and its 200 day moving average is $193.54. The stock has a market cap of $24.63 billion, a price-to-earnings ratio of 71.84, a price-to-earnings-growth ratio of 2.41 and a beta of 1.85.

XPO (NYSE:XPO) last issued its 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 net margin of 4.19% and a return on equity of 26.21%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm posted $0.73 EPS. XPO’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts forecast that XPO, Inc. will post 4.9 earnings per share for the current fiscal year.

Insider Activity at XPO

In other 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 transaction, the director owned 4,849 shares of the company’s stock, valued at $1,045,492.89. This represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.87% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on XPO. Wells Fargo & Company raised their target price on XPO from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Raymond James Financial lowered their price objective on shares of XPO from $233.00 to $225.00 and set an “outperform” rating on the stock in a research note on Monday. Zacks Research raised shares of XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Oppenheimer raised their price objective on shares of XPO from $228.00 to $236.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Finally, Benchmark boosted their target price on shares of XPO from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, XPO currently has an average rating of “Moderate Buy” and an average target price of $219.57.

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.