XPO, Inc. $XPO Shares Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management increased its holdings in XPO, Inc. (NYSE:XPO) by 155.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,785 shares of the transportation company’s stock after buying an additional 92,311 shares during the period. Picton Mahoney Asset Management owned about 0.13% of XPO worth $19,621,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Bayforest Capital Ltd raised its position in XPO by 72.8% during the third quarter. Bayforest Capital Ltd now owns 197 shares of the transportation company’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of XPO during the 3rd quarter worth approximately $32,000. EverSource Wealth Advisors LLC raised its position in shares of XPO by 35.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the transportation company’s stock worth $42,000 after purchasing an additional 88 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in XPO by 247.4% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 337 shares of the transportation company’s stock valued at $44,000 after buying an additional 240 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in XPO by 58.7% in the 2nd quarter. Bessemer Group Inc. now owns 403 shares of the transportation company’s stock valued at $51,000 after buying an additional 149 shares in the last quarter. 97.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on XPO. Zacks Research raised XPO from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Rothschild & Co Redburn set a $156.00 price objective on XPO in a research note on Wednesday, November 26th. Bank of America boosted their target price on shares of XPO from $151.00 to $158.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Benchmark restated a “buy” rating on shares of XPO in a report on Tuesday. Finally, Truist Financial raised their price target on shares of XPO from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, XPO has an average rating of “Moderate Buy” and a consensus target price of $179.68.

XPO Stock Performance

NYSE XPO opened at $215.22 on Wednesday. The business’s 50-day moving average price is $168.72 and its 200 day moving average price is $146.37. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.75. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $217.44. The company has a market capitalization of $25.21 billion, a PE ratio of 81.22, a price-to-earnings-growth ratio of 2.82 and a beta of 1.94.

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

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.