Mystic Asset Management Inc. Takes $1.11 Million Position in XPO, Inc. $XPO

Mystic Asset Management Inc. acquired a new stake in XPO, Inc. (NYSE:XPO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,400 shares of the transportation company’s stock, valued at approximately $1,109,000.

Several other hedge funds also recently added to or reduced their stakes in XPO. Elyxium Wealth LLC acquired a new stake in XPO during the fourth quarter worth $28,000. Torren Management LLC acquired a new position in shares of XPO in the 4th quarter valued at $37,000. International Assets Investment Management LLC acquired a new position in shares of XPO in the 4th quarter valued at $41,000. Horizon Investments LLC purchased a new position in shares of XPO during the 3rd quarter worth $39,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of XPO during the 4th quarter worth $43,000. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at XPO

In other XPO news, CAO Christopher Michael Brown sold 3,750 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the sale, the chief accounting officer owned 31,005 shares in the company, valued at $6,261,149.70. This represents a 10.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Allison Landry sold 2,400 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $215.61, for a total value of $517,464.00. Following the completion of the sale, the director directly owned 4,849 shares in the company, valued at $1,045,492.89. This represents a 33.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,400 shares of company stock valued at $1,526,502 over the last three months. 0.87% of the stock is currently owned by insiders.

XPO Stock Performance

NYSE:XPO opened at $197.13 on Friday. The company has a fifty day simple moving average of $206.12 and a two-hundred day simple moving average of $205.00. The company has a market cap of $23.08 billion, a price-to-earnings ratio of 58.15, a price-to-earnings-growth ratio of 2.00 and a beta of 1.85. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. XPO, Inc. has a 52 week low of $121.48 and a 52 week high of $232.05.

XPO (NYSE:XPO) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.22. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%.The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 earnings per share. As a group, equities analysts anticipate that XPO, Inc. will post 5.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

XPO has been the topic of several research analyst reports. Zacks Research upgraded shares of XPO from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. Citizens Jmp started coverage on shares of XPO in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Morgan Stanley set a $105.00 target price on shares of XPO and gave the stock an “underweight” rating in a research note on Friday, May 1st. Wells Fargo & Company lifted their price target on shares of XPO from $235.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Finally, TD Cowen boosted their price target on shares of XPO from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, XPO has an average rating of “Moderate Buy” and a consensus target price of $225.86.

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.