Oliver Luxxe Assets LLC Purchases Shares of 19,118 XPO, Inc. (NYSE:XPO)

Oliver Luxxe Assets LLC purchased a new stake in shares of XPO, Inc. (NYSE:XPOFree Report) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 19,118 shares of the transportation company’s stock, valued at approximately $2,333,000.

A number of other hedge funds also recently bought and sold shares of the company. Mather Group LLC. bought a new stake in shares of XPO in the first quarter valued at about $27,000. Benjamin F. Edwards & Company Inc. raised its position in XPO by 170.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 335 shares of the transportation company’s stock worth $30,000 after purchasing an additional 211 shares in the last quarter. Riverview Trust Co acquired a new position in XPO in the first quarter worth about $31,000. Rise Advisors LLC acquired a new position in XPO in the first quarter worth about $37,000. Finally, GAMMA Investing LLC acquired a new position in XPO in the fourth quarter worth about $46,000. 97.73% of the stock is currently owned by institutional investors.

XPO Trading Down 0.9 %

Shares of NYSE XPO traded down $0.95 during midday trading on Monday, reaching $105.20. 324,431 shares of the stock were exchanged, compared to its average volume of 1,445,526. The business has a 50-day simple moving average of $108.56 and a two-hundred day simple moving average of $107.57. The company has a market capitalization of $12.24 billion, a price-to-earnings ratio of 51.59, a P/E/G ratio of 1.51 and a beta of 2.10. XPO, Inc. has a 12 month low of $56.81 and a 12 month high of $130.51. 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 quarterly earnings results on Friday, May 3rd. The transportation company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.01 billion. XPO had a net margin of 3.08% and a return on equity of 30.77%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share. As a group, equities research analysts expect that XPO, Inc. will post 3.62 EPS for the current year.

Insider Transactions at XPO

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

Wall Street Analysts Forecast Growth

XPO has been the subject of several recent research reports. Evercore ISI dropped their price target on shares of XPO from $144.00 to $124.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. TD Cowen raised their price objective on shares of XPO from $136.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Stephens reaffirmed an “overweight” rating and set a $150.00 price objective on shares of XPO in a report on Friday, June 7th. Benchmark reaffirmed a “buy” rating and set a $140.00 price objective on shares of XPO in a report on Friday, June 7th. Finally, Susquehanna dropped their price objective on shares of XPO from $160.00 to $145.00 and set a “positive” rating for the company in a report on Wednesday, June 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $120.70.

Check Out Our Latest Research 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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