Lisanti Capital Growth LLC Purchases Shares of 6,270 XPO, Inc. $XPO

Lisanti Capital Growth LLC acquired a new position in shares of XPO, Inc. (NYSE:XPO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,270 shares of the transportation company’s stock, valued at approximately $811,000.

Several other large investors also recently modified their holdings of the stock. Bayforest Capital Ltd lifted its stake in shares of XPO by 72.8% during the 3rd quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after buying an additional 83 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in XPO during the second quarter worth approximately $26,000. Root Financial Partners LLC bought a new stake in shares of XPO during the third quarter worth approximately $32,000. EverSource Wealth Advisors LLC grew its position in shares of XPO by 35.8% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 88 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of XPO during the second quarter worth approximately $42,000. 97.73% of the stock is owned by institutional investors.

XPO Price Performance

XPO stock opened at $148.26 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.77. XPO, Inc. has a 12 month low of $85.06 and a 12 month high of $155.95. The firm has a market cap of $17.40 billion, a P/E ratio of 53.33, a P/E/G ratio of 2.75 and a beta of 2.02. The company’s 50-day moving average price is $144.23 and its two-hundred day moving average price is $135.35.

XPO (NYSE:XPO) last issued its quarterly earnings results on Thursday, October 30th. The transportation company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.06. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. XPO had a net margin of 4.13% and a return on equity of 26.14%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.02 EPS. On average, analysts anticipate that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

XPO has been the topic of a number of research reports. Redburn Partners set a $156.00 price objective on XPO in a report on Wednesday, November 26th. Evercore ISI restated an “in-line” rating and issued a $148.00 price target (down from $151.00) on shares of XPO in a research note on Monday, January 12th. UBS Group raised their price target on shares of XPO from $150.00 to $162.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Oppenheimer set a $154.00 price objective on shares of XPO and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, Truist Financial set a $145.00 target price on shares of XPO in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $153.29.

XPO Company 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.