Gables Capital Management Inc. Acquires Shares of 2,711 XPO, Inc. $XPO

Gables Capital Management Inc. acquired a new stake in XPO, Inc. (NYSE:XPO) in the 2nd quarter, HoldingsChannel reports. The fund acquired 2,711 shares of the transportation company’s stock, valued at approximately $557,000.

A number of other hedge funds have also recently modified their holdings of XPO. Elyxium Wealth LLC purchased a new position in XPO during the fourth quarter valued at approximately $28,000. Torren Management LLC acquired a new position in XPO in the fourth quarter valued at approximately $37,000. Horizon Investments LLC purchased a new stake in XPO in the 3rd quarter worth approximately $39,000. International Assets Investment Management LLC purchased a new stake in XPO in the 4th quarter worth approximately $41,000. Finally, EverSource Wealth Advisors LLC grew its stake 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 period. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Trading Down 3.8%

XPO stock opened at $202.92 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.55. XPO, Inc. has a 12-month low of $121.48 and a 12-month high of $232.05. The stock has a market cap of $23.76 billion, a price-to-earnings ratio of 59.86, a PEG ratio of 2.14 and a beta of 1.85. The business’s 50-day moving average is $207.13 and its 200 day moving average is $204.32.

XPO (NYSE:XPO) last announced its earnings results on Thursday, July 30th. The transportation company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.22. XPO had a return on equity of 29.64% and a net margin of 4.71%.The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. On average, sell-side analysts anticipate that XPO, Inc. will post 5.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Stephens lifted their target price on shares of XPO from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Barclays increased their price target on shares of XPO from $195.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Jefferies Financial Group raised their price target on shares of XPO to $275.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Citigroup cut their price objective on shares of XPO from $226.00 to $221.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Finally, Susquehanna upped their price objective on shares of XPO from $212.00 to $214.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, XPO presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.86.

Insider Activity at XPO

In related news, Director Allison Landry sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $215.61, for a total transaction of $517,464.00. Following the completion of the sale, the director directly owned 4,849 shares in the company, valued at approximately $1,045,492.89. The trade was a 33.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christopher Michael Brown sold 3,750 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $201.94, for a total value of $757,275.00. Following the completion of the transaction, the chief accounting officer directly owned 31,005 shares of the company’s stock, valued at approximately $6,261,149.70. This represents a 10.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,400 shares of company stock valued at $1,526,502 over the last quarter. 0.87% of the stock is owned by company insiders.

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.