XPO, Inc. (NYSE:XPO) Shares Purchased by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda grew its position in XPO, Inc. (NYSE:XPOFree Report) by 126.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,968 shares of the transportation company’s stock after buying an additional 3,334 shares during the period. Kapitalo Investimentos Ltda’s holdings in XPO were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in XPO. PNC Financial Services Group Inc. boosted its holdings in shares of XPO by 18.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,028 shares of the transportation company’s stock valued at $616,000 after acquiring an additional 1,100 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of XPO in the fourth quarter valued at approximately $24,665,000. Vanguard Group Inc. boosted its position in shares of XPO by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 10,923,106 shares of the transportation company’s stock worth $956,755,000 after buying an additional 128,214 shares during the period. SageView Advisory Group LLC bought a new position in XPO in the 4th quarter worth approximately $329,000. Finally, Pineridge Advisors LLC acquired a new stake in XPO in the 4th quarter valued at approximately $222,000. 97.73% of the stock is owned by institutional investors and hedge funds.

XPO Price Performance

Shares of NYSE:XPO traded down $0.44 during trading on Tuesday, reaching $104.50. The stock had a trading volume of 108,495 shares, compared to its average volume of 1,426,402. The business’s 50-day moving average price is $111.74 and its 200 day moving average price is $106.30. XPO, Inc. has a 52 week low of $50.66 and a 52 week high of $130.51. The stock has a market capitalization of $12.16 billion, a PE ratio of 51.47, a P/E/G ratio of 1.45 and a beta of 2.10. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.94 and a quick ratio of 0.94.

XPO (NYSE:XPOGet Free Report) last announced its earnings results on Friday, May 3rd. The transportation company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.68 by $0.13. XPO had a return on equity of 30.77% and a net margin of 3.08%. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the business earned $0.56 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities analysts predict that XPO, Inc. will post 3.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Allison Landry sold 1,875 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $104.52, for a total transaction of $195,975.00. Following the sale, the director now directly owns 6,965 shares of the company’s stock, valued at $727,981.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Allison Landry sold 1,875 shares of XPO stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $104.52, for a total value of $195,975.00. Following the completion of the sale, the director now directly owns 6,965 shares in the company, valued at $727,981.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Mfn Partners, Lp sold 1,250,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $112.98, for a total transaction of $141,225,000.00. Following the sale, the insider now directly owns 11,425,369 shares of the company’s stock, valued at $1,290,838,189.62. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on XPO. Oppenheimer raised their target price on shares of XPO from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Wells Fargo & Company initiated coverage on XPO in a research note on Friday, June 7th. They set an “overweight” rating and a $125.00 target price for the company. Raymond James boosted their price target on shares of XPO from $130.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Benchmark reissued a “buy” rating and set a $140.00 target price on shares of XPO in a research note on Friday, June 7th. Finally, Stephens reiterated an “overweight” rating and set a $150.00 price objective on shares of XPO in a research report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, XPO currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.20.

Get Our Latest Stock Report on XPO

XPO Profile

(Free Report)

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.

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Institutional Ownership by Quarter for XPO (NYSE:XPO)

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