Partners Group Holding AG Cuts Stock Position in XPO, Inc. $XPO

Partners Group Holding AG cut its holdings in shares of XPO, Inc. (NYSE:XPO) by 19.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,516 shares of the transportation company’s stock after selling 11,047 shares during the quarter. Partners Group Holding AG’s holdings in XPO were worth $6,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XPO. Amundi raised its position in XPO by 50.7% in the first quarter. Amundi now owns 5,412 shares of the transportation company’s stock worth $582,000 after acquiring an additional 1,820 shares during the period. AQR Capital Management LLC increased its stake in shares of XPO by 7.6% during the 1st quarter. AQR Capital Management LLC now owns 17,654 shares of the transportation company’s stock worth $1,856,000 after purchasing an additional 1,243 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of XPO by 3.2% in the 1st quarter. NewEdge Advisors LLC now owns 11,416 shares of the transportation company’s stock worth $1,228,000 after purchasing an additional 355 shares during the period. CWM LLC lifted its stake in XPO by 24.1% in the second quarter. CWM LLC now owns 1,382 shares of the transportation company’s stock valued at $175,000 after purchasing an additional 268 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in XPO by 58.7% in the second quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 149 shares during the last quarter. 97.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XPO has been the topic of several research reports. Wolfe Research lowered XPO from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 8th. Wells Fargo & Company increased their price target on XPO from $147.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Zacks Research upgraded XPO from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Barclays set a $195.00 target price on shares of XPO and gave the stock an “overweight” rating in a research report on Friday, February 6th. Finally, Oppenheimer boosted their price target on shares of XPO from $154.00 to $198.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.32.

XPO Stock Performance

NYSE XPO opened at $198.92 on Thursday. The company’s 50 day simple moving average is $163.03 and its two-hundred day simple moving average is $143.86. The stock has a market capitalization of $23.30 billion, a PE ratio of 75.06, a P/E/G ratio of 2.68 and a beta of 2.01. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.05 and a quick ratio of 1.05. XPO, Inc. has a 1 year low of $85.06 and a 1 year high of $212.71.

XPO (NYSE:XPO) last issued its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.95 billion. XPO had a return on equity of 25.07% and a net margin of 3.87%.The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 earnings per share. Analysts predict that XPO, Inc. will post 4.15 earnings per share for the current fiscal year.

About XPO

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.